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1409 2nd AVENUE N
Welcome to this stunning 2-storey semi-detached home in the heart of Kelsey/Woodlawn—offering style, comfort, and incredible value. Built in 2017, this 1,550 sq. ft. home is move-in ready and loaded with upgrades that today’s buyers are looking for. Step inside to a bright, open-concept main floor featuring modern vinyl plank flooring, a spacious living and dining area, and a beautifully finished kitchen complete with under-cabinet lighting, a gas stove, and all appliances included. Built-in surround sound takes your entertaining to the next level. Upstairs, you’ll find three bedrooms, including a spacious primary retreat with a spa-inspired ensuite featuring a steam shower—your own private escape. Convenient second-floor laundry adds everyday ease. The fully developed basement expands your living space and offers excellent suite potential, with plumbing rough-ins and in-floor heating roughed in for added comfort. With a large family room, two additional bedrooms, and a full bathroom, this level is perfectly set up for extended family or future revenue. Enjoy a fully fenced yard with a deck and patio—ideal for summer evenings—plus off-street parking for two. Additional highlights include central air conditioning, an on-demand water heater, under-deck storage, a storage shed, and a hot-water tap out back. This is an incredible opportunity to own a stylish, upgraded home with built-in future potential in a fantastic location. Don’t miss your chance—homes like this don’t last long! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | — | |
| Family room | 28'9 x 10'5 | |
| Bedroom | 8'4 x 11'0 | |
| Bedroom | 8'6 x 9'3 | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14 × 12 feet | |
| Dining room | 12 × 10 feet | |
| Kitchen | 13 × 12 feet | |
| 2pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13'3 | |
| 3pc Ensuite bath | — | |
| Bedroom | 9'6 | |
| Bedroom | 10'4 | |
| 4pc Bathroom | — | |
| Laundry room | 5'5 x 6'10 |
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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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.
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 16, 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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