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Investment signal

$169,900

3345 Falconbridge Highway

Beds

Baths

Sqft

Year

Location

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About this home

Prime building lot in the heart of Garson. 50 x 120 building lot. R2-2 zoning ideal for multi family. On bus route. Seller indicates services at lot line, buyer to verify. (id:65958)

Subtype
Vacant Land
Common interest
Freehold
Lot dimensions
50 X 120
On market
Oct 16, 2025
Status changed
Apr 19, 2026
Zoning
R2-2
Photos
3
MLS#
2125259
Area
GARSON

Features and systems

Parking

Exposed Aggregate
Positive cash flow ~$1,076/mo at these assumptions

Cash on cash

38.00%

Cap rate

13.49%

GRM

5.9

Break-even rent

$1,267

Financing

Down payment$33,980
Loan amount$135,920
Mortgage$834/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$78
Insurance$80
Maintenance$142
CapEx reserve$71
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $834/mo at 5.49% with 20% down, 25-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 19, 2026.

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