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Investment signal

$349,900

2048 ALBERT STREET S

Beds

4

Baths

3.1

Sqft

Year

Location

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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
Structure
House
Community
Howick
Common interest
Freehold
Lot dimensions
66 x 180 FT
Bedrooms
4 above grade
Parking
0 total
Stories
2
On market
Apr 15, 2026
Status changed
Apr 19, 2026
Annual tax
$3,549 (2025)
Zoning
VR1
Photos
20
MLS#
X13001290
Area
HOWICK

Features and systems

Parking

No GarageStreet

Basement

UnfinishedN/A

Appliances

Water Heater

Heating

Radiant heatPropane

Cooling

None

Exterior

BrickStone

Foundation

Stone
Positive cash flow ~$360/mo at these assumptions

Cash on cash

6.17%

Cap rate

7.12%

GRM

10.1

Break-even rent

$2,521

Financing

Down payment$69,980
Loan amount$279,920
Mortgage$1,717/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160
Insurance$80
Maintenance$292
CapEx reserve$146
Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,717/mo at 5.49% with 20% down, 25-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 19, 2026.

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