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350 Marlatte STREET
Beds
6
Baths
4
Sqft
1,228
Year
2015
Type
Single Family
On market
39d
DEAL CRASHED DUE TO FINANCING AND NOW BACK ON MARKET! Welcome to this WELL-MAINTAINED BI-LEVEL, ONE-OWNER HOME in the highly desirable community of EVERGREEN—perfect for FIRST-TIME BUYERS, INVESTORS, OR GROWING FAMILIES. Thoughtfully designed, the owner’s side offers 3 BEDROOMS & 2 BATHROOMS UP, plus an additional BEDROOM, 2-PIECE BATH, BONUS ROOM, AND SEPARATE LAUNDRY DOWN—providing excellent space and flexibility. The OPEN-CONCEPT KITCHEN features QUARTZ COUNTERTOPS, STOVE, AND WALK-IN PANTRY, flowing seamlessly into bright living and dining areas filled with NATURAL LIGHT. Step outside to the COVERED DECK—perfect for year-round enjoyment and entertaining. Enjoy quality finishes throughout including HARDWOOD FLOORING, CERAMIC TILE, AND CENTRAL A/C, all showcasing true PRIDE OF OWNERSHIP. The lower level includes a 2-BEDROOM LEGAL SUITE with separate entrance, currently rented for $1,500/MONTH + UTILITIES—a STRONG MORTGAGE HELPER. The opportunity here is real: Let the basement rent help offset your costs while you live upstairs. With similar homes renting around $2,500/month, you could be paying around same amount—but OWNING instead of renting and building your own equity. Additional features include a DOUBLE DETACHED GARAGE, GARDEN SPACE, and a PRIME LOCATION close to transit, amenities, and quick highway access. This is a RARE FIND combining LIFESTYLE + INCOME POTENTIAL—a smart move in today’s market. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.4 × 9 feet | |
| Bonus Room | 11 feet | |
| 2pc Bathroom | — | |
| Other | — | |
| Living room | 10.11 × 10.11 feet | |
| Kitchen/Dining room | 14 × 10.4 feet | |
| Bedroom | 10.3 × 11.9 feet | |
| Bedroom | 8.11 × 10.11 feet | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | — | |
| Dining room | 10 feet | |
| Kitchen | — | |
| Primary Bedroom | — | |
| Bedroom | 8.4 × 9 feet | |
| Bedroom | 8.4 × 9 feet | |
| 4pc Bathroom | — | |
| 4pc Bathroom | — |
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
-1.16%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,696
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 Jun 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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