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1917 Cairns AVENUE
Welcome to 1917 Cairns Ave. Location,Location, Location. This 3+2 Bedroom home features an outstanding Non conforming basement suite. This home has been extensively renovated top to bottom over the last 5 years. Upgrades include: Shingles, siding, windows, furnace, water heater, soffits, eaves, downspouts, plumbing, electrical, Kitchens, counter tops, Bathrooms and most flooring except the original hardwoods, Newer appliances, Separate laundry both main floor and in the suite, Newer (2021) 24 x 24 Heated, dry walled and insulated garage, Off street parking both front and back which is ideal for tenants. This home has been a solid money maker for the past 5 years. Previous rent amounts were $1925 for the main floor, $1300 for the basement suite & $600 for the garage. Annually netting close to $40,000 in revenue. This home would also make a wonderful starter home with a mortgage helper. Outstanding walk score to all levels of schools, grocery shopping, animal hospital, fast food and bus stops. All this on a 55 x 123 Lot that is zoned R2. Call your REALTOR® today to book a private showing. Quick possession available if needed. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | — | |
| 4pc Bathroom | — | |
| Bedroom | 11.11 × 14.11 feet | |
| Bedroom | 12 × 13.2 feet | |
| Kitchen | 12.4 × 8.8 feet | |
| Dining room | — | |
| Living room | 9.11 × 17.4 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | — | |
| 4pc Bathroom | — | |
| Bedroom | 11.4 × 8.1 feet | |
| Bedroom | 9.1 × 8.6 feet | |
| Primary Bedroom | 13.2 × 9.9 feet | |
| Kitchen | 11.3 × 12.2 feet | |
| Dining room | — | |
| Living room | 22.1 × 11.11 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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 27, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.