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Investment signal

$899,000

1451 Brooke St

Beds

3

Baths

2

Sqft

Year

1951

About this home

Fairfield friendly! Steps to excellent schools, shops & the ocean, this 3 bedroom, 2 bath duplex is perfectly located in this fabulous neighbourhood. Boasting a gorgeous, fully fenced corner yard the character home has oak floors & coved ceilings, a testament to the 1950's. There is an attractive stone fireplace, mahogany mantel and electric insert in the living room. The separate kitchen is pre-wired for a wall oven and enjoys views over the backyard. The flexible layout offers 2 ample bedrooms and a bathroom on this level. The lower level can easily be converted to a 1-bed suite and it is plumbed for a kitchen. The huge laundry room has newer appliances and tons of storage. Updated lighting throughout the house plus an alarm system. Perimeter drains and the roof were replaced approximately 15 years ago. A unique opportunity to enter a coveted neighbourhood.  Take advantage of the government grant programs for suite conversions and heat pump upgrades! (id:65958)

Subtype
Single Family
Lot size
3,428 square feet
MLS#
1029883
Area
VICTORIA
Negative cash flow ~$1,753/mo at these assumptions

Cash on cash

-11.70%

Cap rate

3.55%

GRM

16.6

Break-even rent

$6,345

Financing

Down payment$179,800
Loan amount$719,200
Mortgage$4,412/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412
Insurance$80
Maintenance$749
CapEx reserve$375
Vacancy loss$225

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 $4,412/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.

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