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Investment signal

$249,900

2 MEADE VIEW Road

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Beds

Baths

Sqft

—

Year

1965

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 CLARENVILLE. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

High-yield registered 2-apartment home with a self-contained basement unit (separate entrance and utilities) —an increasingly rare find in today’s market. Ideal for both homeowners and investors: live comfortably on the main level while rental income from the basement helps offset your mortgage plus massive potential to build instant equity. Alternately, maximize returns by renting both units. Priced to reflect a value-add opportunity and update the exterior on your own timeline. This property has strong income potential, flexible living options, and solid Return On Investment making this a standout opportunity in a low-inventory market. (id:65958)

Subtype: Single Family
Structure: Two Apartment House
Common interest: Freehold
Living area: 2,200 square feet
Lot dimensions: 75' X 98'
On market: Mar 10, 2026
Status changed: Apr 28, 2026
Annual tax: $1,275
Zoning: RES
Photos: 30
MLS#: 1295087
Area: CLARENVILLE

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectricMini-Split

Exterior

Vinyl siding

Flooring

Mixed Flooring

Foundation

Poured Concrete

Positive cash flow ~$1,615/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

38.78%

Cap rate

12.62%

GRM

6.3

Break-even rent

$1,600

Financing

Down payment$49,980

Loan amount$199,920

Mortgage$1,013/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$115

Insurance$80

Maintenance$208

CapEx reserve$104

Vacancy loss$165

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 $1,013/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 28, 2026.