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Investment signal

$499,900

21 Morgan Avenue

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Beds

Baths

4 full + 1 half

Sqft

—

Year

2015

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

About this home

Welcome to 21 Morgan Avenue in Paradise. This well-kept two-apartment property gives you options—live comfortably in the main unit while generating rental income from the self-contained apartment, or add a strong performer to your investment portfolio. The main level features a bright, functional layout with spacious living areas designed for everyday comfort, while the lower unit provides a private, well-laid-out space ideal for tenants. Both units offer practical layouts, making this home appealing for both owners and renters alike. Located in a desirable, family-friendly neighbourhood in Paradise, you’re just minutes from schools, shopping, recreation, and all essential amenities—adding even more long-term value to this property. Whether you're stepping into homeownership or expanding your real estate portfolio this home is a MUST see. No conveyance of offers until 5pm Monday April 27th, 2026. All offers to be left open till 10pm April 27th, 2026 (id:65958)

Subtype: Single Family
Structure: Two Apartment House
Common interest: Freehold
Living area: 2,294 square feet
Lot dimensions: 58 x 105
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $3,129
Zoning: RES
Photos: 31
MLS#: 1296564
Area: PARADISE

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectric

Cooling

Air exchanger

Exterior

Wood shinglesVinyl siding

Flooring

LaminateMixed Flooring

Foundation

Concrete

Positive cash flow ~$175/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

2.10%

Cap rate

5.28%

GRM

12.6

Break-even rent

$3,116

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

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 $2,026/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 24, 2026.