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257 Hawthorn Way
OPEN HOUSE SATURDAY JUNE 13th 12-2PM | Welcome to 257 Hawthorn Way, where style, comfort, and versatility come together in one exceptional Timberlea home. Offering over 1,560 sq ft above grade, central air conditioning, and a fully legal 2-bedroom basement suite, this property is an excellent opportunity for homeowners and investors alike.Step inside and you'll immediately appreciate the spacious feel created by the 9-foot ceilings, rich hardwood flooring, and stunning tray ceilings accented with recessed lighting that add both character and elegance throughout the main living area. The open-concept design is perfect for everyday living and entertaining, with a bright living room centered around a cozy gas fireplace and large windows that flood the space with natural light.The kitchen is beautifully appointed with dark cabinetry, stainless steel appliances, tile flooring, and a large island with seating. It flows seamlessly into the dining area, creating a welcoming space for family dinners, holiday gatherings, and everything in between.Upstairs, you'll find three generously sized bedrooms, including a spacious primary retreat complete with a walk-in closet and private ensuite. Two additional bedrooms and a full bathroom provide plenty of room for growing families, while the upper-level laundry adds convenience to your daily routine.The fully legal 2-bedroom basement suite offers incredible flexibility and value. Featuring its own kitchen, living area, full bathroom, separate laundry, and private living space, it's ideal for generating rental income, accommodating extended family, or helping offset your mortgage.Outside, enjoy the newly constructed rear deck (2026), offering the perfect place to relax, barbecue, or soak up the summer sunshine. The rear gravel parking area provides ample off-street parking for multiple vehicles, while the covered front veranda adds charm and a welcoming first impression.Located in the heart of Timberlea, close to schools, parks , walking trails, shopping, and everyday amenities, this move-in-ready home offers the space you need today and the flexibility you'll appreciate for years to come. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 9.08 Ft x 9.50 Ft | |
| Bedroom | 11.08 Ft x 9.33 Ft | |
| Recreational, Games room | 16.17 Ft x 12.42 Ft | |
| Furnace | 7.75 Ft x 6.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 8.08 Ft x 12.75 Ft | |
| Kitchen | 10.92 Ft x 16.92 Ft | |
| Living room | 18.00 Ft x 16.25 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 11.25 Ft x 10.00 Ft | |
| Bedroom | 12.17 Ft x 9.83 Ft | |
| Primary Bedroom | 12.17 Ft x 13.50 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
4.44%
Cap rate
5.75%
GRM
11.9
Break-even rent
$2,934
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 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.