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720 1st STREET E
Beds
5
Baths
3
Sqft
1,262
Year
1953
Type
Single Family
On market
2d
Looking for a show stopper home that also has a LEGAL basement suite? Or maybe a complete revenue property? Wonderfully located in Haultain area on a lovely street close to parks, schools and all amenities. The main floor of this 1262 square foot home has custom patio doors allowing great light, gorgeous flooring, custom ceilings and lovely kitchen cabinetry. Upstairs features a kitchen with large island and coffee corner, two living areas allowing a formal dining room or den, 3 bedrooms and a four piece bathroom. Basement suite offers two bedrooms and two 4 piece bathrooms. There is an optional set up to have a one bed, one bath rental space and make the second bedroom and bathroom part of the upstairs space OR have a two bedroom, two bathroom suite. Shared laundry area located in excellent location in the basement. Amazing landscaping has been completed in both front & backyard space, including an aggregate walkway & rear patio. Exterior highlights include a double detached garage, shed with insulation & full 220v power. This timeless home has had lots of updates over the years, including the legal suite in 2005 and a new garage in 2007. City has the effective age as 1963. As per the Seller’s direction, all offers will be presented on 06/14/2026 3:00PM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Den | 5'6 x 7'8 | |
| Bedroom | 8'4 | |
| Laundry room | 5'6 | |
| Kitchen | 9'2 x 10'11 | |
| Dining room | 9'6 x 10'10 | |
| 4pc Bathroom | — | |
| Bedroom | 10'5 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13'8 | |
| Kitchen | 14'5 x 11'2 | |
| Dining room | 18'3 x 11'11 | |
| Foyer | 3'8 | |
| Primary Bedroom | 11'10 | |
| Bedroom | 13'4 x 9'3 | |
| Bedroom | 9'2 x 9'6 | |
| 4pc Bathroom | x x x |
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
-1.20%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,571
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.
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 10, 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.