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Reduced $23,000 (4%) from $637,900
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246 Martinwood Place NE
Beds
4
Baths
4 full + 1 half
Sqft
1,710
Year
2009
Type
Single Family
On market
26d
First time offered to market in over a decade! Welcome to this exceptional opportunity to own a well-maintained 2-storey home featuring a LEGAL basement, ideally situated on a quiet low-traffic cul-de-sac in a highly desirable, amenity-rich location. The upper level offers 3 spacious bedrooms, including a generous primary bedroom with private ensuite, while the bright open-concept main floor is designed for comfortable everyday living. The functional kitchen features a gas stove, ample cabinetry, and a convenient island, seamlessly connecting to the dining and living areas complete with a cozy fireplace. A versatile main floor flex room provides the perfect space for a home office, den, playroom, or study. Downstairs, the fully legal 1-bedroom basement legal suite with separate entrance adds tremendous value and flexibility, complete with its own kitchen and separate laundry for added convenience and privacy. A rare turn-key opportunity, both the upper and basement suites are currently rented, offering immediate income potential from day one. Whether you're expanding your investment portfolio or looking to offset your mortgage, this property delivers outstanding versatility and long-term value. Step outside to enjoy the backyard space, rear deck, and the convenience of a double oversized detached garage with paved rear lane access. The gated backyard also offers additional rear parking with potential RV parking, plus a large storage shed for tools, seasonal items, or extra storage needs. Location truly sets this home apart, tucked away with minimal traffic while still being walking distance to parks, schools, shopping, transit, recreation, and everyday amenities. Enjoy quick access to the Genesis Centre/YMCA, library, sports fields, shopping plazas, Dashmesh Culture Centre and major roadways, making day-to-day living incredibly convenient. Whether you're an investor searching for immediate rental income or a homeowner looking for added flexibility and long-term valu e, this is a property you won’t want to miss. Book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 15.67 Ft x 9.08 Ft | |
| Living room | 10.25 Ft x 12.25 Ft | |
| Bedroom | 10.42 Ft x 8.83 Ft | |
| 4pc Bathroom | 4.92 Ft x 6.75 Ft | |
| Furnace | 6.42 Ft x 7.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 4.50 Ft x 12.58 Ft | |
| Living room | 11.33 Ft x 9.08 Ft | |
| Kitchen | 11.58 Ft x 7.92 Ft | |
| Dining room | 13.67 Ft x 10.25 Ft | |
| Family room | 17.33 Ft x 13.33 Ft | |
| 2pc Bathroom | 4.67 Ft x 4.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.50 Ft x 11.42 Ft | |
| Bedroom | 10.17 Ft x 11.92 Ft | |
| Bedroom | 12.58 Ft x 9.17 Ft | |
| Other | 4.92 Ft x 9.17 Ft | |
| Laundry room | 8.33 Ft x 7.17 Ft | |
| 4pc Bathroom | 8.50 Ft x 10.25 Ft | |
| 4pc Bathroom | 12.58 Ft x 9.17 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
-1.05%
Cap rate
4.65%
GRM
13.8
Break-even rent
$3,814
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 9, 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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