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207 3rd Avenue E
Beds
5
Baths
3
Sqft
1,324
Year
1995
Type
Single Family
On market
78d
Welcome to this spacious 1,324 sq. ft. bungalow nestled in the peaceful, family-friendly community of Neilburg. Built in 1995, this home offers a bright and functional open-concept layout designed for comfortable everyday living and effortless entertaining. The kitchen is a true highlight, featuring a double wall oven, large island with cooktop, abundant cabinetry and counter space, plus a versatile desk area perfect for a coffee bar or workspace. The main floor also includes convenient laundry, three generously sized bedrooms, and a primary suite complete with a walk-in closet and private 3-piece ensuite. Downstairs, you’ll find an impressive amount of additional living space with two more large bedrooms, a dedicated office, a spacious family room with cozy carpeting, and plenty of storage. Outside, enjoy a beautifully set-up yard with a concrete driveway accented by exposed aggregate, underground sprinklers, raised garden beds, gas BBQ hookup, and a large storage shed with a charming second-storey playhouse. Backing onto private greenspace and located right next to Village Green park and playground, and just two blocks from the K–12 school, this property offers the perfect blend of space, comfort, and small-town convenience. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 7.92 Ft x 11.67 Ft | |
| Family room | 14.67 Ft x 19.50 Ft | |
| 3pc Bathroom | 7.33 Ft x 7.58 Ft | |
| Storage | 11.58 Ft x 5.00 Ft | |
| Bedroom | 12.92 Ft x 9.58 Ft | |
| Bonus Room | 12.92 Ft x 14.08 Ft | |
| Furnace | 11.00 Ft x 10.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.92 Ft x 14.42 Ft | |
| Other | 14.92 Ft x 22.00 Ft | |
| 4pc Bathroom | 7.58 Ft x 6.92 Ft | |
| Laundry room | 6.67 Ft x 6.25 Ft | |
| Bedroom | 10.50 Ft x 11.25 Ft | |
| Primary Bedroom | 12.42 Ft x 11.67 Ft | |
| 3pc Bathroom | 7.67 Ft x 5.50 Ft | |
| Bedroom | 9.92 Ft x 12.42 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
40.25%
Cap rate
12.91%
GRM
6.2
Break-even rent
$1,570
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 2, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Neilburg. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.