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Investment signal

$299,000

5 Belding Street

Beds

6

Baths

2

Sqft

Year

2024

About this home

Welcome home to 5 Belding Street! This 2-year-old raised bungalow offers modern living with incredible versatility (foundation is older than 2 years). Featuring a rear split entry, this home boasts 3 bedrooms on the main level and 3 additional bedrooms on the lower level, along with 2 full bathrooms and 2 kitchensideal for multi-family living or potential income from a basement suite. The main level showcases a bright open-concept kitchen/living layout with vaulted ceilings, creating a warm and spacious feel, along with a functional split-bedroom design placing the primary bedroom and bath on one end and two additional bedrooms on the other. The lower level offers a similar layout, providing excellent flexibility for extended family or tenants. Heating is provided by two ductless mini splits with electric baseboard backup for year-round comfort. Included in the sale are fridge, stove, dishwasher, washer, dryer, and a 10x12 storage shed, helping reduce upfront costs. Septic system was newly installed two years ago at the time of construction. Home was newly constructed on the existing foundation from a previous build that was lost to fire; the foundation itself was not damaged. The existing well features a newer submersible pump. Call today to book your private viewing! (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow, Split entry bungalow
Lot size
1,451 square meters
MLS#
NB136083
Area
LOWER_NEWCASTLE
Positive cash flow ~$1,077/mo at these assumptions

Cash on cash

21.61%

Cap rate

10.21%

GRM

7.6

Break-even rent

$2,167

Financing

Down payment$59,800
Loan amount$239,200
Mortgage$1,467/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$137
Insurance$80
Maintenance$249
CapEx reserve$125
Vacancy loss$165

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 $1,467/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 15, 2026.

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