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Reduced $10,000 (2%) from $495,000
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264 S 3 Street W
Beds
6
Baths
3
Sqft
1,296
Year
1976
Type
Single Family
On market
29d
This illegally suited home is one you won’t want to miss. In total, this home offers 6 bedrooms, 3 bathrooms, and just under 1,300 square feet above grade. The main level suite features 3 bedrooms and 2 full bathrooms, along with a spacious living room and kitchen. An addition was added to the main level, creating a large primary bedroom with its own ensuite (currently being used as an at home gym). The main level also features beautiful hardwood flooring in the living room. The basement suite offers an additional 3 bedrooms and a 4 piece bathroom. Both suites have their own separate entrances and their own washers and dryers. There is also cold storage located underneath the home. Many of the major updates have already been completed for you, including renovations in 2021, a red metal roof completed in 2019, and both the furnace and hot water tank replaced in 2021. The home itself is incredible, but the lot is even harder to beat. Sitting on a fully fenced 0.61 acre lot with beautiful mature trees, this property offers plenty of space and privacy. The long driveway provides plenty of parking for vehicles, trailers, and even RV parking, with lots of additional space for guests. The large lot also leaves plenty of room to add a garage if desired. Whether you’re a first time home buyer looking for rental income, an investor, or a family needing a 6 bedroom home, this property has it all. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.75 Ft x 5.33 Ft | |
| Bedroom | 12.67 Ft x 9.42 Ft | |
| Bedroom | 8.33 Ft x 11.92 Ft | |
| Bedroom | 8.58 Ft x 8.25 Ft | |
| Kitchen | 14.17 Ft x 9.92 Ft | |
| Family room | 14.25 Ft x 11.83 Ft | |
| Furnace | 6.50 Ft x 3.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.33 Ft x 6.42 Ft | |
| 4pc Bathroom | 7.08 Ft x 10.08 Ft | |
| Bedroom | 12.25 Ft x 10.25 Ft | |
| Dining room | 7.58 Ft x 10.17 Ft | |
| Primary Bedroom | 19.42 Ft x 11.58 Ft | |
| Kitchen | 11.58 Ft x 10.17 Ft | |
| Living room | 17.75 Ft x 14.83 Ft | |
| Bedroom | 14.92 Ft x 11.50 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
3.22%
Cap rate
5.51%
GRM
12.2
Break-even rent
$3,026
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.
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 May 25, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Magrath. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.