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Investment signal

$799,000

755 FLEMING Drive

Beds

4

Baths

3.1

Sqft

Year

1978

About this home

Well-maintained Aberdeen family home situated on an expansive 8,800 sq ft lot, offering 2,666 sq ft of developed living space. The main level features a bright open-concept kitchen flowing into the dining and living areas, ideal for everyday living. Three spacious bedrooms and a full bathroom are located just a few steps up. The lower level includes a recently completed legal one-bedroom basement suite with two additional dens, providing excellent mortgage-helper or investment potential. The suite features a separate entrance, private laundry, 1.5 bathrooms, new kitchen appliances, a separate split A/C system in the living area, and a new HRV system, making it ideal for extended family or rental income. Located in a quiet, family-friendly neighbourhood with strong income potential. Recent updates include a hot water tank, flooring, furnace, and a roof approximately seven years old. The fully developed backyard includes a shed and a rare find - chicken coop. Additional features include a double-height oversized garage with excellent storage or workshop potential, central air conditioning, new main-floor washer and dryer, and wired security cameras. All measurements are approximate. Property is fully tenanted and generating strong rental income, 24 hours notice required for showings. (id:65958)

Subtype
Single Family
Architectural style
Multi-level
Lot size
0.2 acres
MLS#
10373650
Area
KAMLOOPS
Negative cash flow ~$1,566/mo at these assumptions

Cash on cash

-11.76%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,649

Financing

Down payment$159,800
Loan amount$639,200
Mortgage$3,921/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366
Insurance$80
Maintenance$666
CapEx reserve$333
Vacancy loss$200

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 $3,921/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 20, 2026.

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