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Investment signal

$689,900

2609 OIL HERITAGE ROAD

Save this home

Beds

4

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Oil Springs. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this custom-built raised ranch located in a peaceful rural setting just minutes from Petrolia, in the historic community of Heritage Oil Springs. Thoughtfully designed with multi-generational living in mind, this unique home offers exceptional flexibility and quality construction throughout.The home features a fully legal lower-level unit with higher ceilings, a separate entrance, its own kitchen, and private laundry, making it ideal for extended family, guests, or potential rental income. The lower level has been fully fire-rated and built with sound insulation, providing safety, privacy, and comfort between living spaces.The bright main floor offers an open-concept layout filled with natural light, featuring a spacious kitchen, convenient main-floor laundry, and comfortable living and dining areas with access to the large backyard, perfect for outdoor enjoyment and entertaining.Additional highlights include an oversized double-car garage and a massive concrete driveway with parking for up to five vehicles, providing plenty of space for family and visitors.Located in a quiet rural community near Petrolia, this home offers the perfect balance of country living with convenient access to nearby amenities. A rare opportunity for families seeking space, versatility, and quality construction in a charming historic area. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
Oil Springs
Condition
Insulation upgraded
Common interest
Freehold
Lot dimensions
66 x 145 FT ; 74.27x162.8x74.27x161.96
Bedrooms
2 above grade, 2 below grade
Parking
7 total
Stories
1
Fireplace
1
On market
Mar 10, 2026
Status changed
Apr 24, 2026
Annual tax
$4,175 (2025)
Zoning
R1
Photos
37
MLS#
X12865072
Area
OIL_SPRINGS

Features and systems

Parking

Attached GarageGarage

Basement

FullApartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorWater meterDishwasherStoveDryerGarage door openerGarage door opener remote(s)

Heating

Forced airNatural gas

Cooling

Central air conditioningAir exchanger

Exterior

Vinyl sidingBrick Veneer

Flooring

LaminateCeramic

Foundation

Poured Concrete

Lot

Flat siteCarpet FreeSump PumpIn-Law Suite

Security

Smoke Detectors
Negative cash flow ~$778/mo at these assumptions

Cash on cash

-6.76%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,269

Financing

Down payment$137,980
Loan amount$551,920
Mortgage$2,796/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$316
Insurance$80
Maintenance$575
CapEx reserve$287
Vacancy loss$173

Estimates 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.

Mortgage estimate

Estimated $2,796/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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