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Investment signal

$59,000

62-64 Main Street

Beds

Baths

—

Sqft

—

Year

1961

Location

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About this home

A rare find in the scenic town of Templeman. Previously utilized as a church, this property has potential for a permanent residence, summer home, air B&B, or rental unit(s). Possibilities are endless. Main level consists of a large open space measuring approximately 30.6 x 48.6, 2 extra rooms and a porch. Metal roof installed in 2020. Oil is source of heat. Oil tank is expired and furnace is approximately 15 yrs old. Some contents may be removed before sale. Current survey is dated June 20, 2025. Don't miss out on this unique buy, call today for your viewing. (id:65958)

Subtype: Multi-family
Structure: Other
Common interest: Freehold
Living area: 1,487 square feet
Lot dimensions: 2154 sq m (41.54f x 67.43 x 19.08b x 79.24)
Bedrooms: 0 above grade, 0 below grade
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $0
Zoning: residential
Photos: 12
MLS#: 1295943
Area: TEMPLEMAN

Features and systems

Heating

Oil

Exterior

Vinyl siding

Flooring

CarpetedOther

Foundation

WoodConcrete

Positive cash flow ~$860/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

87.42%

Cap rate

23.37%

GRM

3.5

Break-even rent

$495

Financing

Down payment$11,800

Loan amount$47,200

Mortgage$290/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$27

Insurance$80

Maintenance$49

CapEx reserve$25

Vacancy loss$70

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 Templeman. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $290/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 17, 2026.