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Foreclosure signalInvestment signal

$199,900

42 West Street

Beds

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Baths

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Sqft

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Year

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Location

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About this home

Income Property with Water Views in Historic Georgetown Welcome to 42 West Street, Georgetown, 4-unit building offering income potential in a desirable coastal community. This 1.5-storey property features four one-bedroom units, a steel roof, vinyl siding, paved driveway, and a detached 16x24 garage. Sitting on a .46-acre lot with municipal water and sewer. Enjoy scenic water views and mature trees in a peaceful residential setting, just steps from Georgetown's waterfront, parks, and local amenities. Financials available upon request. This building is a non-conforming use within the R1 Zone. Buyers and agents are advised to verify permitted uses and future development potential with the municipality. Property being sold ?As Is, Where Is.?. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: Georgetown
Common interest: Freehold
Lot size: 0.46 acres
Lot dimensions: 0.46
Stories: 2
On market: Apr 19, 2026
Status changed: Apr 19, 2026
Annual tax: $1,230 (2026)
Zoning: Multi-Family
Photos: 38
MLS#: 202607890
Area: GEORGETOWN

Features and systems

Parking

Parking Space(s)Parking Space(s)

Basement

Partially finishedFull

Appliances

WasherDryer - ElectricRefrigeratorDishwasherStove

Heating

Baseboard heatersOilElectricHot WaterFurnace

Exterior

Vinyl

Flooring

LaminateCarpetedVinyl

Foundation

Poured ConcreteConcrete Block

Community

School Bus

View

Ocean view

Positive cash flow ~$877/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

26.34%

Cap rate

11.16%

GRM

6.9

Break-even rent

$1,476

Financing

Down payment$39,980

Loan amount$159,920

Mortgage$981/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92

Insurance$80

Maintenance$167

CapEx reserve$83

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.

Lifestyle nearby

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

Mortgage estimate

Estimated $981/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 19, 2026.