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2515 62 Street NE
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Welcome to this beautifully maintained 2-storey duplex in the highly desirable and convenient community of Pineridge! Offering over 1,203.27 sq. ft. of thoughtfully designed living space above grade, this home features 3 spacious bedrooms and 1.5 bathrooms, perfect for families, first-time buyers, or investors.The bright, open-concept main floor is designed for modern living, showcasing a functional layout that creates an inviting and spacious atmosphere. The generously sized kitchen flows seamlessly into the living and dining areas, making it ideal for both everyday living and entertaining.Downstairs, the fully developed basement adds valuable living space with an additional bedroom and full bathroom, perfect for guests, extended family, a home office, or a recreation area.Situated on a large lot, this property offers ample outdoor space rarely found in newer homes. One of the home's most unique features is its smart design and curb appeal, giving it the feel and presence of a detached single-family home while enjoying the affordability and value of a duplex.Conveniently located close to schools, parks, shopping, public transit, and major roadways, this is an excellent opportunity to own a spacious and versatile home in an established family-friendly neighbourhood. Don't wait, schedule your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 1.51 M x 2.50 M | |
| Bonus Room | 3.42 M x 2.94 M | |
| Laundry room | 4.10 M x 2.60 M | |
| Recreational, Games room | 2.96 M x 5.58 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 1.26 M x 2.18 M | |
| Dining room | 3.13 M x 2.80 M | |
| Kitchen | 3.13 M x 3.07 M | |
| Living room | 3.65 M x 5.86 M |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 2.47 M x 1.52 M | |
| Bedroom | 3.66 M x 3.14 M | |
| Bedroom | 3.66 M x 2.60 M | |
| Primary Bedroom | 3.16 M x 4.22 M |
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
-4.57%
Cap rate
3.95%
GRM
15.3
Break-even rent
$2,753
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 18, 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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