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1001 Lorne AVENUE
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Beds
3
Baths
2
Sqft
852
Year
1930
Type
Single Family
On market
17d
Cute, character-filled, revenue generating and a double attached garage all perfectly located in the heart of Nutana! This charmingly upgraded 2+1 bedroom and 1+1 bathroom bungalow with a 1 bedroom non-conforming suite puts the best of the city right outside your front door. Just steps to the river, minutes to the vibrant Broadway Avenue district, and an easy walk downtown, this is the lifestyle location buyers wait for. Wonderfully maintained, this home blends classic Nutana character with thoughtful upgrades throughout. The main floor offers a spacious living room filled with natural light, a dedicated dining area, and a bright kitchen with plenty of workspace and storage. The upgraded main bathroom features a relaxing soaker tub, while the large primary bedroom and generous secondary bedroom (bedroom has no window but door to garage and hallway) provide comfortable main floor living. Original hardwood flooring, a feature wall with the original (now decorative) fireplace, and timeless character details give this home an incredibly warm and inviting feel. Downstairs, the basement offers exceptional flexibility and revenue potential with a large living room, full kitchen area, bedroom space, plus shared laundry and ample storage. Outside, enjoy your own private backyard retreat complete with adorable oasis patio and outdoor fireplace which is just perfect for relaxing and entertaining! Most windows have been upgraded to PVC double pane, attic insulation has been upgraded, and the attached double attached garage is a rare bonus in this highly sought-after neighbourhood. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 5.5 × 13.2 feet | |
| Living room | 11.3 × 12.4 feet | |
| Dining room | 7.6 × 9.3 feet | |
| Bedroom | 9.9 × 10.1 feet | |
| 3pc Bathroom | x x x | |
| Laundry room | 5 × 5 feet | |
| Other | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12 × 16 feet | |
| Kitchen | 10.8 × 11.9 feet | |
| Dining room | 10.8 × 11.6 feet | |
| Primary Bedroom | 9.11 × 10.1 feet | |
| 4pc Bathroom | x x x | |
| Bedroom | 9.7 × 10.1 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
-1.56%
Cap rate
4.55%
GRM
13.9
Break-even rent
$2,510
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 Jun 11, 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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