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Investment signal

$269,900

39 MAPLE STREET N

Beds

3

Baths

3

Sqft

Year

About this home

Turn-key 3-unit income property that has been well maintained over the years. Shingles replaced in 2019 and updated electrical service. Property features a mix of natural gas and electric heating, with Unit A heated by a natural gas wall furnace, while Units B & C are equipped with baseboard electric heat and smart thermostats that allow for remote control and lockout of temperature settings. The insulated basement includes a natural gas space heater, laundry area, and ample storage. Sale includes 3 fridges, 3 stoves, washer, dryer, and a hot water tank. Seller currently provides WiFi, which is included in tenant agreements, along with three exterior WiFi cameras on site for added convenience and security. (id:65958)

Subtype
Multi-family
Architectural style
Bungalow
MLS#
T13000024
Area
TIMMINS_(TNE_-_CENTRAL)
Positive cash flow ~$414/mo at these assumptions

Cash on cash

9.21%

Cap rate

7.73%

GRM

9.4

Break-even rent

$1,964

Financing

Down payment$53,980
Loan amount$215,920
Mortgage$1,325/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$124
Insurance$80
Maintenance$225
CapEx reserve$112
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 $1,325/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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