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Reduced $20,000 (2%) from $899,000
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216 Homestead Grove NE
Beds
6
Baths
5
Sqft
2,430
Year
2023
Type
Single Family
On market
23d
2-BEDROOM LEGAL SUITE | SPICE KITCHEN | MAIN FLOOR BEDROOM & FULL BATH | TWO PRIMARY BEDROOMS Welcome to this stunning brand-new home offering beautifully designed living space in the growing community of Homestead. Thoughtfully crafted with functionality and modern elegance , this home is perfect for large families and rental income potential.The main floor features a bright and spacious open-concept layout with living area designed for comfort and entertaining. A large front living room welcomes you with abundant natural light, while the spacious family room with an electric fireplace creates the perfect setting for everyday relaxation. The dining area seamlessly connects to the chef-inspired kitchen, complete with ample cabinetry, generous counter space, and a fully equipped spice kitchen for added convenience. A well-sized main floor bedroom and full 3 piece bathroom provide excellent flexibility for guests, extended family, or a private home office. The main level is completed by a welcoming foyer, spacious hallway, and direct access to the attached double garage. Upstairs, you’ll find 4 generously sized bedrooms, a versatile bonus room, convenient upper-floor laundry, and 3 full bathrooms. The luxurious primary suite offers a spacious retreat with a walk-in closet and a beautifully appointed 5-piece ensuite. A second primary bedroom also features its own private 4-piece ensuite and walk-in closet, making it ideal for extended family or growing households. Two additional bedrooms share another full bathroom, while the centrally located bonus room adds extra flexibility as a media room, kids’ play area, or study space.The fully legal 2-bedroom basement suite features a separate private entrance, 9-foot ceilings, 2 spacious bedrooms, a full bathroom, separate laundry, a modern kitchen, and a bright living area—ideal for rental income or extended family living. This home offers back alley access for privacy and extra parkin g. Located close to parks, pathways, future amenities, and major roadways, this exceptional property combines luxury, space, and long-term value. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 16.08 Ft x 8.58 Ft | |
| Bedroom | 12.42 Ft x 12.67 Ft | |
| 4pc Bathroom | 8.00 Ft x 5.00 Ft | |
| Recreational, Games room | 12.00 Ft x 12.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 13.67 Ft x 9.17 Ft | |
| Family room | 13.50 Ft x 14.08 Ft | |
| Living room | 9.00 Ft x 11.33 Ft | |
| 3pc Bathroom | 8.75 Ft x 6.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.42 Ft x 12.08 Ft | |
| 5pc Bathroom | 8.08 Ft x 10.33 Ft | |
| 4pc Bathroom | 8.75 Ft x 4.92 Ft | |
| Bedroom | 12.17 Ft x 9.83 Ft | |
| Bedroom | 8.92 Ft x 11.42 Ft | |
| Bedroom | 13.58 Ft x 13.33 Ft | |
| 4pc Bathroom | 12.58 Ft x 4.92 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
-0.91%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,415
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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