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194 Willow Place
Beds
6
Baths
4 full + 1 half
Sqft
2,153
Year
2022
Type
Single Family
On market
18d
OPEN HOUSE MAY 23 (2-4 pm) | 4 BEDROOMS UP + 2 DOWN | 1 BEDROOM LEGAL SUITE IN THE BASEMENT WITH PRIVATE SIDE ENTRY | LARGE MAIN FLOOR FLEX ROOM | QUARTZ COUNTERTOPS THROUGHOUT | DUAL FURNACE | AIR CONDITIONING | COVERED DECK | LOW MAINTENANCE FRONT YARD | DOUBLE ATTACHED GARAGE | STILL UNDER NEW HOME WARRANTY | QUIET NEIGHBOURHOOD WITH WALKING DISTANCE TO SCHOOL, PARKS AND PATHWAYS. This well-built, feature-packed home offers the perfect blend of spacious family living and built-in potential rental income. The main floor is thoughtfully designed with an open-concept layout that still offers pockets of privacy. Tucked along the hallway leading to the main living areas, the flex room provides a quiet retreat while remaining connected to the energy of the home. The kitchen is a standout. Generous in size with an abundance of cabinetry, a corner pantry, quartz countertops, and stainless steel appliances, all in beautiful condition. The large dining area flows seamlessly from the kitchen and is elevated by a stunning custom accent wall, a design touch you'll notice carried thoughtfully throughout the home. The living room is truly the heart of the main floor. Incredibly spacious, bathed in natural light through large windows, and anchored by a cozy gas fireplace. Step through the large glass sliding doors off the dining area onto a covered deck made for entertaining. Stairs lead down to a concrete tiled pad and a grassy backyard. The perfect outdoor retreat for the whole family. Upstairs, a bonus room adds versatile living space alongside four spacious bedrooms, including a large primary retreat with custom accent wall, complete with a walk-in closet and a spa-inspired ensuite featuring a double vanity, soaker tub, and separate shower. A full bath with a storage closet and a large dedicated laundry room round out the upper level. The basement is accessed through a private side entrance or a secured door from the main floor leading down to a well-designed hallway that keeps the legal suite completely separate and self-contained. The legal 1-bedroom suite is currently tenanted and producing rental income. Fully equipped with a complete kitchen featuring quartz countertops and quality cabinetry. The legal suite also includes stacked laundry, a full bathroom, and a living area. Outside of the legal suite, an additional large room with windows dressed in electric window coverings offers incredible flexibility. A spacious storage and mechanical room houses the double furnace, HRV system, and more, ensuring this home is as functional as it is beautiful. The double attached garage provides ample room for vehicles, tools, and additional over head storage. Out front, a low-maintenance yard with fruit tree(s) and exposed aggregate driveway add excellent curb appeal and a polished first impression. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.67 Ft x 12.50 Ft | |
| 4pc Bathroom | 5.17 Ft x 8.33 Ft | |
| Eat in kitchen | 9.67 Ft x 12.58 Ft | |
| Living room | 12.67 Ft x 6.58 Ft | |
| Bedroom | 7.33 Ft x 8.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 13.33 Ft x 9.33 Ft | |
| Living room | 16.75 Ft x 13.00 Ft | |
| Pantry | 3.58 Ft x 3.58 Ft | |
| Other | 11.50 Ft x 10.42 Ft | |
| 2pc Bathroom | 4.75 Ft x 5.00 Ft | |
| Other | 6.25 Ft x 5.42 Ft | |
| Hall | 5.75 Ft x 4.75 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.25 Ft x 10.42 Ft | |
| Bedroom | 12.25 Ft x 12.25 Ft | |
| Bedroom | 9.42 Ft x 10.42 Ft | |
| Primary Bedroom | 13.67 Ft x 12.50 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.75 Ft | |
| Laundry room | 7.83 Ft x 7.67 Ft | |
| Bonus Room | 12.00 Ft x 14.67 Ft | |
| Other | 7.83 Ft x 5.00 Ft | |
| 5pc Bathroom | 10.17 Ft x 10.08 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.91%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,209
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cochrane. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.