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Investment signal

$879,900

1020 VICTORIA STREET

Beds

6

Baths

4

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

The perfect home for an extended family or simply a fantastic mortgage helper: with an 80% mortgage, your basement tenant would cover approximately 58% of your mortgage cost. This super raised bungalow with a ground floor in-law suite/apartment could be the home for you. The main floor starts with a great bright open concept foyer, kitchen, dining room, living room space with sliders opening out to a composite deck with a beautiful view of the countryside. The Kitchen boasts new appliances a propane gas stove, large Centre Island and granite countertops. The master has a spacious 3-piece ensuite and the 3rd bedroom is currently used as an office. Now let's move to the basement, again an open spaced kitchen living area with another great view of the countryside, 3 more bedrooms and laundry room with stackable appliances. The home is a legal duplex, this apartment will be a great mortgage helper or a super space for an extended family. The main floor runs on a tankless water heater and combo boiler (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
West Grey
Common interest
Freehold
Lot dimensions
99.6 x 214.3 FT
Bedrooms
3 above grade, 3 below grade
Parking
7 total
Stories
1
Fireplace
Yes
On market
Mar 5, 2026
Status changed
Apr 13, 2026
Annual tax
$5,320
Zoning
R1
Photos
36
MLS#
X12851630
Area
WEST_GREY

Features and systems

Parking

Attached GarageGarage

Basement

FinishedSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherRangeOvenDryerGarage door opener remote(s)

Heating

Other

Cooling

Central air conditioning

Exterior

Stone

Foundation

Poured Concrete

Lot

SlopingCarpet Free
Negative cash flow ~$1,722/mo at these assumptions

Cash on cash

-11.74%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,212

Financing

Down payment$175,980
Loan amount$703,920
Mortgage$4,318/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$403
Insurance$80
Maintenance$733
CapEx reserve$367
Vacancy loss$220

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 $4,318/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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