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212 5 Avenue
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Beds
2
Baths
1
Sqft
956
Year
1943
Type
Single Family
On market
96d
LOCATION, LOCATION, LOCATION: Downtown Strathmore! ATTENTION: Developers, Builders, Business owners — note the SIZE and R3 ZONING of this PRIME 75'x120' piece of land/lot with 2 titles. Future development of multi-family units with Town of Strathmore approval. A tremendous buy/hold investment opportunity with SPRING possession for Construction. Charming character bungalow. An ideal downtown revenue property, this single-family home with a detached garage will generate revenue $1500.00 per month plus utilities. Or, INVEST IN YOURSELF instead of your landlord while enjoying main floor living at its best. The heated, oversized double garage is insulated and measures 24' x 26' with 2 doors. Truly an ideal garage/workshop space; there’s lots of room for all your toys. Bring your RV, boat, trailer, quad, etc. There’s convenient rear back alley access and a nice large yard with mature trees. Lots of room for kids to run and play and dogs to romp the land. Walking distance to the new Catholic Church, schools, parks, and downtown core. Call to view today! Developers. Home Occupation, Business Opportunities. Multi Family . Enjoy a massive yard or Build Shop of Choice. Bring your family, pets, hobbies, toys, RV's Unlimited Parking. Loads of Off Street Parking. This Character Bungalow is a Sweet Investment. Main Floor Living at Best. Enjoy the Oversized Double Garage measures 24' x 26'. Workshop. Insulated. 2 Doors. Heated. Mechanics Dream. Work in the Shop. Family safe in the cozy little house. More affordable than renting. Invest in Yourself. Not Your Landlord. Bring your RV, Boat, Trailer, Quad...So much room for all your toys. Dogs will love to romp the land. Enjoy. Buy and Hold Property. Great Investment. Strathmore Downtown Revenue Property. Future development of multi family housing....Nice Large Yard, Note the Size and the Zoning R3 of this Great Piece of Land/Lot 75'x120'. Rear Back Alley. Treed. Multiple Family Units...4-12 units with Town of Strathmore Development Ap proval. Builder Alert. Location. Location. Location. Walk to the New Catholic Church., (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 4.52 M x 3.63 M | |
| Living room | 3.23 M x 3.91 M | |
| Other | 3.53 M x 2.44 M | |
| Dining room | 3.23 M x 3.76 M | |
| Primary Bedroom | 3.63 M x 3.73 M | |
| Bedroom | 3.20 M x 3.02 M | |
| 4pc Bathroom | — |
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
-7.12%
Cap rate
3.44%
GRM
16.6
Break-even rent
$2,686
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 May 13, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Strathmore. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.