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Investment signal

$289,000

5 Armstrong Avenue

Beds

3

Baths

1

Sqft

Year

1929

About this home

1/2 Duplex Move in Ready in Townsite!! Located in a central area of town, this 3 bed 1 bath duplex sits awaits its new owner! Offering a lot of its original charm , this home has been well kept up over the years. Heated with electric base boards ( 200 amp service) , this property is cozy and inviting. High ceilings in the bedrooms for a property of its age. The smallest bedroom currently used as an office, contains access to a loft, which can have many uses. Beautiful yard outside to enjoy the warmer months of the year. Furnishings can be negotiated in the sale!! Location is key here! Dont miss out (id:65958)

Subtype
Single Family
MLS#
1296011
Area
CORNER_BROOK
Positive cash flow ~$288/mo at these assumptions

Cash on cash

5.98%

Cap rate

7.08%

GRM

10.0

Break-even rent

$2,097

Financing

Down payment$57,800
Loan amount$231,200
Mortgage$1,418/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$132
Insurance$80
Maintenance$241
CapEx reserve$120
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.

Mortgage estimate

Estimated $1,418/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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