$509,000

2962 Almartin Pl

Beds

Baths

Sqft

—

Year

1978

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About this home

COURT ORDER SALE. Strata Duplex with large fenced yard. Located at the end of a cul de sac in a quiet area. Unique design. Main floor has Living Room with fireplace, Dining room, Kitchen, laundry and a 2 piece bathroom. Upper lever has 3 bedrooms and a 4 piece bathroom (id:65958)

Subtype: Single Family
MLS#: 1029540
Area: COLWOOD

Negative cash flow ~$1,025/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

-12.08%

Cap rate

3.47%

GRM

16.6

Break-even rent

$3,629

Financing

Down payment$101,800

Loan amount$407,200

Mortgage$2,498/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$233

Insurance$80

Maintenance$424

CapEx reserve$212

Vacancy loss$128

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 $2,498/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.

About this home

Investor view — deal analyzer

Mortgage estimate