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1115 9th STREET E
Beds
4
Baths
1
Sqft
1,192
Year
1949
Type
Single Family
On market
47d
Welcome to an exceptional opportunity in the highly sought-after neighborhood of Varsity View! This charming 1,192 sq. ft. 1½-storey home sits on a substantial 50 x 140 ft lot and offers incredible flexibility for homeowners, investors, and developers alike. Featuring 4 bedrooms and 1 bathroom, the home provides a functional layout ideal for families, with added potential thanks to a convenient side entrance—perfect for those looking to develop a future basement suite. What truly sets this property apart is its multiple avenues for value: >Hold & Rent: A solid family home with income potential, ideal for long-term investment in a prime location. >Redevelopment Opportunity: The expansive lot offers excellent potential for a multi-family build, opening the door for strong rental income or resale possibilities. >Subdivision Potential: With two 25 ft subdivided parcels, buyers have the rare chance to build two single-family homes, each with the option to include basement suites—maximizing both density and return. Whether you're looking to live, invest, or build, this property delivers unmatched versatility in one of the city’s most desirable areas—just minutes from the university, river valley, and all amenities. A rare find with endless potential—don’t miss your chance to capitalize on this prime Varsity View location! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 10 × 11 feet | |
| Family room | 29.6 × 11.5 feet | |
| Laundry room | 10.5 × 11 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15 × 11 feet | |
| 4pc Bathroom | 8 × 5 feet | |
| Bedroom | 13.8 × 11.5 feet | |
| Kitchen | 11 × 9.5 feet | |
| Bedroom | 12.5 × 9.6 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11 × 15 feet | |
| Bedroom | 11.1 × 9.4 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
0.32%
Cap rate
4.93%
GRM
13.2
Break-even rent
$2,874
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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