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Investment signal

$988,500

2894 Maurice Lane

Beds

5

Baths

3

Sqft

Year

1986

About this home

Charming 5 bedroom home thoughtfully designed for main level living tucked away at the end of a cul-de-sac in a family-oriented neighborhood. Just a short walk to Starlight Stadium, Langford lake, schools and parks, this property offers perfect blend of tranquility and convenience. Bright main level, with 3 generously sized bedrooms, living room, kitchen, dining room, plus a den/office providing ample space for family and guests. Upstairs 2 more bedrooms, a media room perfect for movie nights and a full 4-piece bathroom. With some modifications the upper level could be converted into a two-bedroom suite, unlocking fantastic rental income opportunities or multi-generational living options. Outside a flat fully fenced backyard offering plenty of room for kids to play, gardening, or summer barbecues and parking for all your toys, boats, RVs! Move in ready, new roof and landscaping this gem property combines space, potential, and convenient location. Make this your family's forever home! (id:65958)

Subtype
Single Family
Lot size
7,535 square feet
MLS#
1028747
Area
LANGFORD
Negative cash flow ~$1,918/mo at these assumptions

Cash on cash

-11.64%

Cap rate

3.56%

GRM

16.6

Break-even rent

$6,969

Financing

Down payment$197,700
Loan amount$790,800
Mortgage$4,851/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$453
Insurance$80
Maintenance$824
CapEx reserve$412
Vacancy loss$248

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 $4,851/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 14, 2026.

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