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Investment signal

$849,000

2493 CONCESSION 19 ROAD

Beds

8

Baths

5

Sqft

Year

Location

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About this home

**Non-legal duplex, rental income!** This charming century home blends timeless historic appeal with thoughtful modern updates, offering the perfect opportunity for personal touches in a versatile, income-generating property.Recently topped with a brand-new steel roof (replacing the original 125-year-old one), this home ensures long-term peace of mind and low maintenance. Major renovations include a new propane furnace (replacing the old oil system for efficient, reliable heating), fresh basement flooring, and a commercial-grade washer and dryer setup for added convenience.Inside, the kitchen shines with new wood cabinets and replaced floorboards, creating a warm, inviting space. Upgrades extend to three upgraded bathrooms (with new toilets and updated plumbing behind the showers), delivering modern functionality while preserving the home's classic character.The property has been beautifully cleared of overgrown gardens, revealing a clean slate for your dream landscaping-plus a rough-in vegetable garden area ready in the backyard for fresh produce or creative gardening.A standout three-door garage features plumbing and drainage, ideal for workshops, hobbies, or extra storage.This non-legal duplex configuration provides excellent flexibility: two separate kitchens, two laundry rooms, and independent entrances for each side. Previously operated successfully as an Airbnb and continuing to generate rental income, it offers the smart buyer the chance to live in one unit and rent the other for supplemental income-or configure as desired.Priced as-is to allow your personal vision and evolving style to shine, this rare find combines historic charm, substantial updates, and strong income potential. Legal basement apartment. Basement has high ceilings and extra hight ceilings. Cable TV and satellite TV available and fibre with bell Canada. Don't miss the chance to make it your own-schedule a viewing today (id:65958)

Subtype
Single Family
Structure
House
Community
604 - Casselman
Common interest
Freehold
Lot dimensions
133.9 x 153.8 FT ; 1
Bedrooms
5 above grade, 3 below grade
Parking
16 total
Stories
2
On market
Mar 8, 2026
Status changed
Apr 13, 2026
Annual tax
$3,400
Zoning
RURAL
Photos
47
MLS#
X12858872
Area
CASSELMAN

Features and systems

Parking

Attached GarageGarageInside Entry

Basement

FinishedFull

Appliances

Water Heater

Heating

Forced airNot knownNot knownElectricPropane

Cooling

None

Flooring

LaminateCeramicWood

Foundation

Poured Concrete
Negative cash flow ~$1,660/mo at these assumptions

Cash on cash

-11.73%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,997

Financing

Down payment$169,800
Loan amount$679,200
Mortgage$4,167/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$389
Insurance$80
Maintenance$708
CapEx reserve$354
Vacancy loss$213

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

Mortgage estimate

Estimated $4,167/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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