1 / 36
Investment signal

$425,000

8 Cape Ballard Place

Beds

5

Baths

3.1

Sqft

Year

2016

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Welcome to this well maintained and inviting 2-apartment home, perfectly situated on a quiet cul-de-sac with no neighbors on either side, offering a rare level of privacy and space. This property has been lovingly lived in and cared for, featuring dark red siding, mature landscaping, and paved driveways including a separate private driveway for the apartment on a corner lot. The main unit offers a warm and functional open-concept kitchen and living area with plenty of cabinetry and a convenient peninsula. There are three comfortable bedrooms, including a primary with ensuite, along with a fully developed lower-level family room ideal for relaxing or entertaining. One of the standout features is the beautiful above-ground 2-bedroom basement apartment, complete with its own covered entrance and parking for two vehicles. Whether used for rental income or extended family, this space adds excellent flexibility and value. If you’re looking for a solid, well-kept home in a peaceful location with added income potential, this one is a great fit. Pride of ownership is evident throughout book your viewing today. As per the sellers directive there will be no conveyance of offers until April 14h at 5PM and all offers are to be left open until April 14th at 10PM Please allow 24 hour notice for Apt (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
Two Apartment House
Common interest
Freehold
Living area
2,300 square feet
Lot dimensions
88 x 57
On market
Apr 10, 2026
Status changed
Apr 13, 2026
Annual tax
$3,314
Zoning
Res
Photos
36
MLS#
1296041
Area
KILBRIDE

Features and systems

Appliances

RefrigeratorDishwasher

Heating

Baseboard heatersElectric

Exterior

Vinyl siding

Flooring

LaminateMarbleCeramic

Foundation

Concrete
Positive cash flow ~$243/mo at these assumptions

Cash on cash

3.43%

Cap rate

6.58%

GRM

10.7

Break-even rent

$3,044

Financing

Down payment$85,000
Loan amount$340,000
Mortgage$2,086/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$195
Insurance$80
Maintenance$354
CapEx reserve$177
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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kilbride. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,086/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 13, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.