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718 8th STREET E
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Beds
3
Baths
1
Sqft
847
Year
1935
Type
Single Family
On market
26d
RM3 zoning on 8th Street — an excellent opportunity for investors. This well-maintained property features painted kitchen cabinetry, newer laminate countertops, hardwood flooring, and updated ceramic tile. The main floor includes a renovated four-piece bathroom, along with numerous upgrades over time, including the bathroom, kitchen counters, furnace, central air conditioning, water heater, partial flooring, lighting, and shingles. The full-height concrete basement is developed with a bedroom, a partially finished den, and laundry/mechanical areas. Outside, the property offers a concrete patio, landscaped and fenced rear yard, storage shed, single parking stall, and a detached garage with lane access. The home is currently occupied by a long-term tenant who would like to remain, making this a strong turn-key investment option. Tenant operates a home-based daycare. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 9.6 × 13.3 feet | |
| Storage | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10.8 × 23.6 feet | |
| Bedroom | 10 × 10 feet | |
| Bedroom | 8.9 × 10 feet | |
| Bedroom | 10 × 10.2 feet | |
| Kitchen | 10.5 × 11 feet | |
| 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).
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.
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