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Investment signal

$2,000,000

682 WESTOVER Road

Beds

11

Baths

8

Sqft

Year

About this home

Exceptional opportunity offers 5 distinct residences & huge barn/loft (4000+ sqft)! Legal non-conforming rental units include 2 detach cottage-like bungalows, 1 barn apt & 2 separate dwellings in the main house. Perfect for earning a secondary income, or families that wish to stay close but want a space to call their own. Beautiful 10.28 acres of property sitting on a level lot with many mature trees & small, serene creek running through. MAIN HOUSE (rebuilt 1991): 2-storey with attached double car garage & comprised of 2 dwellings, both with independent entrances; UNIT A (2404 sqft): Appointed beautifully w grand foyer & curved staircase open to above, home office w exposed brick wall, updated kitchen w seated island & access to the patio beyond, separate dining area, living room w stunning f/p & surround, main floor laundry & powder room. Upstairs holds 4 good-sized bedrooms & 2 updated bathrooms including a 6-pce ensuite. Other features include crown moulding, pot lights & plank flooring. UNIT B (1556 sqft): Offers its own main floor laundry & powder room, eat-in kitchen with stove-top & wall oven, very cozy living room featuring wood-burning corner f/p w large stone surround, office area w window seat & garden door w/o to yard. Upstairs holds 2 generous-sized bedrooms, one with the same stone feature wall carried through, shared 4-pce bathroom & lots of closet/storage space. COTTAGE UNIT C (707 sqft): 1 Bed, 1 Bath unit with “His/Her” bedroom closet, laundry/mud room w additional entrance & a lovely covered front porch overlooking the front yard. COTTAGE UNIT D (1102 sqft): Spacious 2 Bed, 1 Bath unit offering ensuite laundry, wood floors, and huge primary bedroom with wall-to-wall closet and access to the outside. APARTMENT UNIT E (1346 sqft): 2 Bedroom unit with great bedroom size and storage, easterly views from the living room bow window & primary balcony. Separate hydro & gas meters. Unit C: Electric heating. Potential added income from barn & paddocks. (id:65958)

Subtype
Multi-family
MLS#
40781011
Area
FLAMBOROUGH
Negative cash flow ~$3,813/mo at these assumptions

Cash on cash

-11.44%

Cap rate

3.60%

GRM

16.7

Break-even rent

$14,013

Financing

Down payment$400,000
Loan amount$1,600,000
Mortgage$9,816/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$917
Insurance$80
Maintenance$1,667
CapEx reserve$833
Vacancy loss$500

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.

Mortgage estimate

Estimated $9,816/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 13, 2026.

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