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Fort McMurray · Single Family · under $625,000 · 5+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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227 Warren Road
INVESTOR ALERT! LEGAL SUITE WITH EXCELLENT INCOME POTENTIAL! Welcome to 227 Warren Road, a fantastic revenue-generating opportunity situated on a large corner lot backing onto a treeline. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers exceptional flexibility with a spacious main-floor suite and a separate 2-bedroom legal basement suite. The upper level features a bright and inviting layout with vaulted ceilings, a spacious front living room, and an eat-in kitchen complete with a pantry and direct access to the deck and backyard. This level offers 4 bedrooms, including a primary retreat with two closets and a private ensuite. The oversized fourth bedroom located above the garage provides endless possibilities and could easily function as a bonus room, family room, home office, or additional bedroom. The fully developed 2-bedroom legal basement suite is designed for comfortable independent living and features in-floor heating, large windows, a spacious living room, eat-in kitchen, two bedrooms, and a full 4-piece bathroom. The suite has its own private entrance and dedicated parking, making it highly attractive to tenants. A shared utility room includes two sets of laundry machines for added convenience. Outside, the property is thoughtfully configured for multi-family living with separate yard spaces for each suite, allowing privacy for both occupants. The large corner lot accommodates two separate driveways, providing ample parking for both the upper and lower suites. With a legal basement suite, separate entrances, dedicated parking, and a desirable location backing onto greenspace, 227 Warren Road presents an outstanding opportunity for investors, multi-generational families, or homeowners looking to generate additional income. Upstairs rented until June 2027 for $2850.month- buyer must assume upstairs tenants. Don't miss your chance to own this versatile property with strong rental appea l and excellent income potential! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.00 Ft x 5.00 Ft | |
| Bedroom | 12.17 Ft x 12.58 Ft | |
| Bedroom | 9.17 Ft x 9.08 Ft | |
| Kitchen | 18.00 Ft x 11.00 Ft | |
| Laundry room | 15.17 Ft x 9.08 Ft | |
| Recreational, Games room | 14.58 Ft x 12.67 Ft | |
| Storage | .00 Ft x 24.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.08 Ft x 5.00 Ft | |
| 4pc Bathroom | 8.00 Ft x 5.00 Ft | |
| Bedroom | 11.33 Ft x 9.42 Ft | |
| Bedroom | 10.08 Ft x 9.50 Ft | |
| Dining room | 7.42 Ft x 11.58 Ft | |
| Kitchen | 11.08 Ft x 11.58 Ft | |
| Living room | 15.25 Ft x 13.25 Ft | |
| Primary Bedroom | 15.00 Ft x 13.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 17.58 Ft x 19.00 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
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Insurance estimate
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Commute
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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
-1.11%
Cap rate
4.64%
GRM
13.8
Break-even rent
$3,510
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 25, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.