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Investment signal

$1,599,000

590 Simcoe St

Save this home

Beds

3

Baths

4

Sqft

Year

2008

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Pleased to introduce this exquisite half duplex located in the heart of James Bay. Built in 2008 w/high-end finishings throughout this 2291 sq/ft turn-key home will surely impress. Options offered for all buyers; luxurious living with a mortgage helper if required OR savvy investors take note of the current $6685/month income! Enter off the covered porch into the main residence which boasts 2 Beds & 3 Baths, a large LR w/wainscotting, feature Gas FP, chef's kitchen w/Granite counters, custom built-in cabinetry & SS apps. The bright dining space w/access to the rear patio is perfect for entertaining! A primary w/large walk-in closet, spa ensuite w/heated floors & extra storage finish the main. Down you'll find a completely redone 1Bed & 1Bath in-law suite w/separate entry & laundry. The fully fenced South facing exterior w/private yards for both suites is perfect for kids & pets. Walking distance to Beacon Hill Park, Dallas Rd & all amenities. Take advantage of the lifestyle presented! (id:65958)

Subtype
Single Family
Structure
Duplex
Community
James Bay
Common interest
Condo/Strata
Living area
2,291 square feet
Lot size
4,660 square feet
Lot dimensions
4660
Parking
2 total
Condo/HOA fee
$0 monthly
Fireplace
1
On market
Jan 29, 2026
Status changed
Apr 16, 2026
Annual tax
$7,086.78
Zoning
Residential
Photos
36
MLS#
1023947
Area
VICTORIA

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectricNatural gas

Cooling

None

Community

Family OrientedPets Allowed
Negative cash flow ~$1,693/mo at these assumptions

Cash on cash

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,782

Financing

Down payment$319,800
Loan amount$1,279,200
Mortgage$6,482/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733
Insurance$80
Maintenance$1,333
CapEx reserve$666
Vacancy loss$400

Estimates 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.

Mortgage estimate

Estimated $6,482/mo at 4.5% with 20% down, 30-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 16, 2026.

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