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Investment signal

$428,000

189 TOWNLINE Street

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Williams. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Commercial/retail building for sale at the corner of Townline St and Queen St with strong frontage and visibility. The main floor offers a flexible layout with CHA zoning allowing a wide range of permitted uses, and it can be divided into two spaces if needed. The commercial space currently includes a kitchen and a bathroom, with a shower rough-in already in place. Upstairs, there are two residential units, each with a private entrance. One unit is a 1-bedroom, 1-bathroom suite, and the second is a 2-bedroom, 1-bathroom suite. Utilities are included in the rent for all units. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: St. Williams
Common interest: Freehold
Living area: 3,080 square feet
Lot size: 0.17 acres
Lot dimensions: 0.171
Stories: 2
On market: Jan 17, 2026
Status changed: Apr 27, 2026
Annual tax: $3,036
Zoning: CHA (H)
Photos: 16
MLS#: 40799307
Area: ST._WILLIAMS

Features and systems

Parking

None

Basement

Crawl space

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Community

Quiet Area

Negative cash flow ~$266/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-3.73%

Cap rate

4.12%

GRM

14.9

Break-even rent

$2,680

Financing

Down payment$85,600

Loan amount$342,400

Mortgage$1,735/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$196

Insurance$80

Maintenance$357

CapEx reserve$178

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,735/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.