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Investment signal

$1,599,000

5 - 22 ALMA STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kincardine. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Proudly presenting Parkside Woods, 22 Alma Street lot 5. Located within a to-be built boutique subdivision development in Inverhuron, this property is incredibly located on the doorstep of Inverhuron Provincial Park and Bruce Power, providing exciting and diverse opportunities. Surrounded by nature and serenity this 1/2 acre lot will be home to an exciting, multi functioning, multi family, multi purpose, real estate opportunity. Lot 5 is being offered as a 3 unit tri-plex, with options for an additional triple bay garage carriage house. --- This property is being offered to take advantage of the Ontario HST Rebate Expansion. Under this program, purchasers of eligible newly constructed homes may receive up to $130,000 in combined federal and provincial HST relief. Contact your RELATOR for full details. -- (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Kincardine
Common interest: Freehold
Lot dimensions: 40.7 x 46.3 M
Bedrooms: 4 above grade, 1 below grade
Parking: 4 total
Stories: 1
On market: Oct 22, 2025
Status changed: Apr 22, 2026
Annual tax: $1 (2025)
Zoning: R3
Photos: 5
MLS#: X12476721
Area: KINCARDINE

Features and systems

Parking

No Garage

Basement

FullWalk-up

Appliances

Water meter

Heating

Forced airNatural gas

Cooling

Central air conditioningAir exchanger

Exterior

Aluminum sidingVinyl siding

Foundation

Poured Concrete

Lot

Cul-de-sacWooded areaBacks on greenbeltCarpet FreeGuest SuiteIn-Law Suite

Negative cash flow ~$1,693/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

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,782

Financing

Down payment$319,800

Loan amount$1,279,200

Mortgage$6,482/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733

Insurance$80

Maintenance$1,333

CapEx reserve$666

Vacancy loss$400

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 $6,482/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 22, 2026.