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Coaldale · Single Family · under $650,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2537 16 Avenue
This brand new, legally suited two-storey home in the growing community of Malloy Landing is a smart setup for first-time homebuyers looking to generate rental revenue or investors searching for a clean, turn-key property - with little maintanence. Built by Stranville Living Master Builder, it combines modern design with a layout that’s been clearly thought through from both a lifestyle and income perspective.The upper levels function as a bright and stylish main residence, featuring three bedrooms upstairs including a spacious primary suite with a walk-in shower ensuite and a large walk-in closet. Laundry is also conveniently located on this level, keeping everyday routines efficient and contained.The main floor offers an open-concept living and dining area filled with natural light from oversized windows. The kitchen is finished with quartz countertops and Stranville Living’s signature appliance package, including a Fisher & Paykel panel-ready fridge seamlessly hidden within the cabinetry, a panelled dishwasher, and a sleek induction cooktop that gives the space a refined, contemporary feel.The lower level features a legal basement suite with two bedrooms and a functional kitchen, also finished with quartz countertops, making it an ideal mortgage helper or long-term rental option without sacrificing quality or comfort. One of the standout features is the wraparound front porch, which extends toward the back of the home and provides easy, practical access to both the upper and lower suites, helping maintain separation and privacy.Parking is well covered with a single-car parking pad at the front of the home and a triple-car parking pad at the rear with alley access, offering flexibility for owners, tenants, and guests alike.This is a thoughtfully designed property that works just as well for someone buying their first home as it does for an investor focused on long-term value, all set within one of Coaldale’s newest and most promising communities. This ho me has been virtually staged. Gst is included in the sale price along with a 10 year new home warranty. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 11.08 Ft x 8.42 Ft | |
| Bedroom | 10.50 Ft x 10.83 Ft | |
| Kitchen | 10.33 Ft x 12.17 Ft | |
| Living room | 12.58 Ft x 9.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 12.42 Ft x 13.50 Ft | |
| Kitchen | 12.92 Ft x 15.08 Ft | |
| Living room | 9.33 Ft x 13.25 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 12.08 Ft x 9.42 Ft | |
| Bedroom | 12.17 Ft x 10.17 Ft | |
| Primary Bedroom | 12.00 Ft x 13.42 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
-1.17%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,723
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 May 5, 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.