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Investment signal

$285,000

1976 Watson Lane

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Beds

Baths

Sqft

—

Year

1950

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Don’t miss this rare chance to own this family home with a secondary suite on over half an acre right in town! This property sits on 0.53 of an acre & offers two spacious units, making it an ideal investment or multi-family living option. Located just steps from all of Fruitvale’s amenities, this property delivers both convenience & long-term value. One side of the home features 2 bedrooms & 1 bathroom, a nice sized living room & kitchen. Laundry is on the main floor & the lower level offers a huge storage area perfect for future development. The other side offers a comfortable fully accessible 1-bedroom suite with a huge walk-in closet, good-sized living room & kitchen. It also includes main-floor laundry, full bathroom & a lower-level storage room. Outside, you’ll love the private, park-like setting surrounded by mature trees. A private lane provides easy access, & the property sits on its own septic system. With its peaceful atmosphere & in-town location, this is truly a unique & versatile property. Whether you’re looking for a revenue property, a multi-generational home, or a smart investment opportunity, this one checks all the boxes. The property does require some updates & TLC, making it an ideal opportunity for anyone looking to add value & build equity. With a bit of work, this property could shine as a fantastic rental investment or a charming owner-occupied home with mortgage helper. Opportunities like this don’t come along often in Fruitvale ... bring your ideas & see the potential this property has to offer! (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Community: Village of Fruitvale
Common interest: Freehold
Living area: 2,122 square feet
Lot size: 0.53 acres
Lot dimensions: 0.53
Stories: 2
On market: Nov 4, 2025
Status changed: Apr 22, 2026
Annual tax: $3,397.06
Photos: 41
MLS#: 10367081
Area: FRUITVALE

Features and systems

Parking

CarportAdditional Parking

Heating

Heat PumpForced airRadiant/Infra-red HeatSee remarks

Cooling

Heat Pump

Exterior

Vinyl siding

Flooring

TileLaminateLinoleumMixed Flooring

Roof

Asphalt shingleUnknown

View

Mountain view

Positive cash flow ~$558/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

11.74%

Cap rate

7.21%

GRM

9.9

Break-even rent

$1,813

Financing

Down payment$57,000

Loan amount$228,000

Mortgage$1,155/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$131

Insurance$80

Maintenance$238

CapEx reserve$119

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 $1,155/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 22, 2026.