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Investment signal

$499,900

582 GARAFRAXA STREET S

Beds

Baths

Sqft

—

Year

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Location

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About this home

Best chance for investor or first time buyer to own this renovated house. Three units. Each unit has its own entrance, kitchen and full bathroom. Very good rental income. Highway location. Easy to change for commercial zoning. Across from ESSO Gas Station and shops. Keep the property for rental income or change zoning for future development. Potential Rental Income: $ 3,300 ($1,600 Main + $900 Basement + $800 Second Floor). Approximate Expenses: Insurance $1,400/Year, Water $495/3 Months, Gas $100/Month, Electricity $90/Month (id:65958)

Subtype: Single Family
Structure: House
Community: West Grey
Common interest: Freehold
Lot dimensions: 146.2 x 74.4 FT
Bedrooms: 4 above grade
Parking: 2 total
Stories: 1.5
On market: Feb 12, 2026
Status changed: Apr 16, 2026
Annual tax: $1,980
Zoning: R2
Photos: 25
MLS#: X12781400
Area: WEST_GREY

Features and systems

Parking

No Garage

Basement

FullApartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Block

Lot

Irregular lot sizeCarpet FreeIn-Law Suite

View

Utilities

SewerElectricityCable

Negative cash flow ~$632/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-7.59%

Cap rate

4.37%

GRM

14.4

Break-even rent

$3,566

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,453/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

Vacancy loss$145

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 West Grey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,453/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 16, 2026.