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Investment signal

$199,900

106 RICHMOND Street

Beds

Baths

Sqft

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Location

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About this home

First-time home buyers take note! 3-bedroom, 1-bath home on a 0.24-acre lot in the heart of Georgetown, just one block from the harbour, scenic boardwalk, and close to beaches. This well-located property features a durable steel roof (new in recent years), vinyl siding, a heat pump for efficient heating and cooling, electric baseboards, and a crawl space basement. Connected to municipal sewer. Enjoy walkable access to Darryl?s General Store, post office, seasonal shops, and local restaurants, with Montague just 11 minutes away. Georgetown, known affectionately as the capital of Kings County, is a vibrant, growing community with exciting new initiatives underway. The property is within walking distance to a great elementary/junior high school. This home would be ideal for year-round living, an investment property, or a seasonal residence. (id:65958)

Subtype: Single Family
Structure: House
Community: Georgetown
Common interest: Freehold
Lot size: 0.24 acres
Lot dimensions: 0.24
Bedrooms: 3 above grade, 0 below grade
Stories: 1.5
On market: Mar 23, 2026
Status changed: Apr 16, 2026
Annual tax: $1,113.37 (2025)
Photos: 3
MLS#: 202605172
Area: GEORGETOWN

Features and systems

Basement

Crawl space

Appliances

WasherRefrigeratorOven - ElectricDishwasherDryer

Heating

Baseboard heatersElectricWall Mounted Heat Pump

Exterior

Vinyl

Flooring

LaminateLinoleumVinyl

Community

School Bus

Positive cash flow ~$877/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

26.34%

Cap rate

11.16%

GRM

6.9

Break-even rent

$1,476

Financing

Down payment$39,980

Loan amount$159,920

Mortgage$981/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92

Insurance$80

Maintenance$167

CapEx reserve$83

Vacancy loss$120

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

Mortgage estimate

Estimated $981/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.