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825 L AVENUE S
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Excellent opportunity for a first-time home buyer or revenue property investor! Conveniently located close to King George School, this charming and move-in ready home offers a great blend of character, updates, and future potential. Refurbished maple hardwood flooring runs throughout the living room, dining room, and both main floor bedrooms, adding warmth and timeless appeal. The kitchen has been tastefully updated with white shaker cabinetry, updated countertops, and stainless steel appliances including the fridge, stove, dishwasher, and over-the-range microwave. Upstairs, the loft provides additional versatile living space complete with a separate storage room, making it ideal for a home office, kids’ playroom, or cozy retreat. The basement houses the washer and dryer and offers excellent development potential with rough-in plumbing already in place for a future bathroom. Step outside to enjoy the covered back deck, perfect for relaxing or entertaining, along with a single detached garage that works well for extra storage. Recent upgrades include new shingles and gutters 2025, deck 2024, lead pipes 2025 and drywall in basement 2025. A fantastic opportunity in a convenient location — call your REALTOR® today to book your private showing! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10'3 x 11'4 | |
| Dining room | 13'11 x 11'4 | |
| Kitchen | 10'10 x 11'9 | |
| 4pc Bathroom | 5'7 x 6'2 | |
| Bedroom | 10'1 x 9'9 | |
| Bedroom | 9'5 x 9'3 |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 23'11 x 10'9 |
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
8.57%
Cap rate
6.58%
GRM
10.5
Break-even rent
$1,539
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 25, 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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