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28 Southborough Lane
Beds
4
Baths
4 full + 1 half
Sqft
2,174
Year
2024
Type
Single Family
On market
12d
Looking to invest in Southbow Landing, or buy now and move in later? Trico Homes' Harrington show home is now available for purchase — a fully finished 4-bedroom, 3.5-bath home, offered with a guaranteed 6% leaseback return (pre-GST, based on the purchase price) paid monthly by the builder. Imagine owning a beautiful show home that pays you back. You collect reliable monthly income while Trico continues to use the property for sales and marketing, and throughout the leaseback term they take care of everything — full care and control of the home, plus all utilities, maintenance and upkeep. It's about as hands-off as homeownership gets. The Harrington itself is professionally designed and fully upgraded, with premium finishes, designer selections and quality craftsmanship throughout. Inside, the main floor opens up around the kitchen, great room and dining area, with a powder room tucked off to the side. Upstairs, a central bonus room is framed by three bedrooms, including a primary suite with a walk-in closet and private ensuite. The fully finished basement adds a fourth bedroom and full bathroom, along with room to grow into. Beautifully landscaped and styled with a curated interior, it's kept in pristine condition by Trico for the full leaseback term. Whether you're an investor looking for dependable passive income or a buyer who wants to purchase now and settle in down the road, this one's a rare find — set in Cochrane's growing community of Southbow Landing, surrounded by pathways, natural spaces and future amenities. Call your favourite realtor and book a showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 8.92 Ft x 21.50 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Bedroom | 9.83 Ft x 13.58 Ft | |
| Other | 4.83 Ft x 5.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.75 Ft x 8.92 Ft | |
| Other | 6.83 Ft x 9.25 Ft | |
| Pantry | 6.33 Ft x 7.58 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.92 Ft | |
| Living room | 12.25 Ft x 16.42 Ft | |
| Dining room | 10.75 Ft x 9.50 Ft | |
| Kitchen | 9.50 Ft x 14.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.67 Ft x 17.00 Ft | |
| 5pc Bathroom | 9.92 Ft x 14.08 Ft | |
| Other | 6.92 Ft x 9.92 Ft | |
| Laundry room | 6.00 Ft x 9.92 Ft | |
| Bonus Room | 12.92 Ft x 15.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.17 Ft | |
| Bedroom | 11.00 Ft x 12.67 Ft | |
| Bedroom | 9.92 Ft x 14.42 Ft | |
| Recreational, Games room | 14.67 Ft x 17.92 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
-0.97%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,936
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 28, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cochrane. 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.