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Wynyard · Single Family · under $225,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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208 7th STREET E
Fantastic revenue property or ideal home with mortgage-helping income potential in the welcoming community of Wynyard! This well-maintained home offers a spacious 3-bedroom main floor along with a fully self-contained 2-bedroom basement suite featuring its own private entrance. The bright and inviting main level boasts an open-concept living room and dining area, a functional kitchen, three comfortable bedrooms, a full bathroom, and convenient main-floor laundry. Downstairs, the separate suite includes a full kitchen, dining area, large living room, two bedrooms, a 3-piece bathroom, and its own laundry and utility space, making it perfect for tenants, extended family, or guests. Outside, you'll appreciate the low-maintenance chain-link fencing that provides separate yard spaces for each suite, additional parking, beautiful mature lawn areas, and relaxing patio spaces. The impressive 14' x 44' attached garage offers plenty of room for vehicles, storage, or a workshop. Recent updates include a newer furnace, water heater, central air conditioner, and water softener for added peace of mind. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this versatile property is packed with value and opportunity! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11'6 | |
| Laundry room | — | |
| Living room | 15 × 12 feet | |
| Dining room | 12 × 11 feet | |
| Kitchen | 9'7 | |
| 3pc Bathroom | — | |
| Bedroom | 11'9 x 9'7 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12 × 13 feet | |
| Dining room | 9'8 | |
| Living room | 16 × 12 feet | |
| Bedroom | 9'7 x 8'3 | |
| Bedroom | 9'6 | |
| Bedroom | 9'4 | |
| Laundry room | — |
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
57.12%
Cap rate
16.29%
GRM
5.0
Break-even rent
$1,297
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.