$349,900
2048 ALBERT Street S
Beds
4
Baths
3 full + 1 half
Sqft
—
Year
1877
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Gorrie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Own a piece of history at 2048 Albert in the heart of Gorrie—a rare and exciting opportunity for developers, investors, or visionaries looking to bring new life to a timeless structure. This character-filled former church sits proudly on a desirable corner lot in a quiet, family-friendly neighbourhood, just steps from the community centre and local schools. With over 3,000 sq. ft. of space, much of the groundwork for conversion has already been completed, offering a head start on transforming this solid structure into a truly one-of-a-kind residence or investment property. Currently laid out with 4 bedrooms and 3 bathrooms, the possibilities here are endless—whether you’re dreaming of a stunning church-to-home conversion, multi-unit potential, or a unique live/work space. Preserve the charm, showcase the architectural details, and create something extraordinary while keeping a piece of history alive. Opportunities like this don’t come often—bring your vision and unlock the full potential of this remarkable property. (id:65958)
- Subtype
- Single Family
- Architectural style
- 2 Level
- Structure
- House
- Community
- Howick Twp
- Common interest
- Freehold
- Living area
- 5,952 square feet
- Lot size
- 0.26 acres
- Lot dimensions
- 0.264
- Bedrooms
- 4 above grade, 0 below grade
- Parking
- 6 total
- Stories
- 2
- On market
- Apr 15, 2026
- Status changed
- Apr 19, 2026
- Annual tax
- $3,549
- Zoning
- VR1
- Photos
- 20
- MLS#
- 40820888
- Area
- GORRIE
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Community
Cash on cash
11.30%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,206
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.