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240 Sitka Drive
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NO CONDO FEES! AFFORDABLE LIVING IN A PRIME LOCATION! Welcome to 240 Sitka Drive, a spacious and well-maintained duplex ideally situated in a highly walkable location close to shopping, restaurants, schools, parks, and public transit. Enjoy the convenience of having everyday amenities just minutes from your doorstep while benefiting from the affordability of homeownership with no condo fees. This 5-bedroom, 3.5-bathroom home offers plenty of space for growing families, first-time buyers, or investors. The bright and inviting main floor features an open-concept layout with a cozy front living room complete with a gas fireplace, a dining area, and a functional kitchen showcasing white cabinetry, an island, and ample workspace. Durable luxury vinyl plank flooring runs throughout the main level, providing both style and practicality. Just off the kitchen, a few steps down leads to a convenient mudroom with a 2-piece bathroom, access to the attached garage, and direct access to the back deck, fully fenced yard, and double driveway. The upper level boasts three generously sized bedrooms, including a spacious primary retreat featuring a large walk-in closet and a private ensuite with a relaxing soaker tub and separate shower. A full 4-piece bathroom completes the second floor. The fully developed basement adds even more living space with two additional bedrooms, a full 4-piece bathroom, and a dedicated laundry area. Recent updates provide peace of mind, including shingles and furnace being replaced just a few years ago. Additional features include an attached garage, charming front veranda, double driveway, and a functional layout designed for comfortable everyday living. If you're looking for space, value, updates, and an unbeatable location, this is a property you won't want to miss! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.42 Ft x 8.83 Ft | |
| Bedroom | 11.17 Ft x 11.00 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 9.92 Ft x 8.08 Ft | |
| Kitchen | 11.17 Ft x 14.50 Ft | |
| Other | 6.08 Ft x 10.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.50 Ft x 10.08 Ft | |
| Bedroom | 11.83 Ft x 10.83 Ft | |
| Primary Bedroom | 11.58 Ft x 14.50 Ft | |
| 4pc Bathroom | — | |
| 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
18.57%
Cap rate
8.58%
GRM
8.7
Break-even rent
$2,176
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.
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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 14, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.