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1202 22nd STREET W
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Investor Alert. Built in 2019 with an original construction cost of over $1M, this four-unit commercial property is offered below current replacement cost, delivering exceptional value without the risks or delays of new construction. This standalone commercial building offers approximately 3,800 sq. ft. of modern space, configured into four separate units. Each unit has its own entrance and is independently metered with separate power and gas meters, providing excellent flexibility for investors and owner-users. Main Floor: Two retail units, each approximately 902 sq. ft., currently occupied by a pizza restaurant and a cell phone retail store. Existing rents are below market value, offering clear upside potential. Second Floor: A 936 sq. ft. office space, previously rented and operated as a clothing retail shop, and a 936 sq. ft. two-bedroom, one-bathroom residential unit. Both upper-level units are currently vacant, allowing for immediate leasing or owner use. Located along high-traffic 22nd Street, this newer 2019-built property offers strong visibility, flexible unit configuration, and long-term income potential. Please do not approach tenants directly. All showings by appointment only. (id:65958)
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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jun 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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