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229 3 Avenue NE
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Three Hills · Single Family · under $350,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this well-maintained 1/2 duplex offering comfortable living with a convenient location close to a park, pool, and downtown amenities. The bright and functional main floor features an open-concept living, dining, and kitchen area, along with two bedrooms, a 4-piece bathroom, convenient laundry, ample storage, and direct access to the attached single-car garage. The fully developed lower level is filled with natural light and includes a huge primary bedroom with an attached bathroom, a generous family room, and potential to add a fourth bedroom, office, or hobby space to suit your needs. Step outside to enjoy the front deck, perfect for morning coffee or evening relaxation. The fenced side/backyard provide privacy and a great space for children, pets, or outdoor entertaining. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home offers plenty of space, flexibility, and a location close to everything you need. Enjoy all that Three Hills has to offer, including schools, parks, walking paths, the outdoor pool, arena, golf course, hospital, shopping, and a strong sense of community, making it an excellent place to call home. Don't miss this opportunity to make it yours! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 21.58 Ft x 18.67 Ft | |
| 4pc Bathroom | — | |
| Recreational, Games room | 23.50 Ft x 13.25 Ft | |
| Office | 9.92 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9.50 Ft x 14.42 Ft | |
| Dining room | 12.58 Ft x 11.50 Ft | |
| Kitchen | 12.58 Ft x 9.08 Ft | |
| Bedroom | 16.58 Ft x 13.50 Ft | |
| Bedroom | 9.17 Ft x 11.08 Ft | |
| 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
8.15%
Cap rate
6.49%
GRM
10.7
Break-even rent
$1,958
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 24, 2026.
Location of this listing. Distances are straight-line.
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