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1922 Richardson ROAD
Great opportunity to own a solid home with plenty of potential to make it your own. Recent exterior updates have already been taken care of, including newly replaced shingles and fencing, while additional improvements, such as a high-efficiency furnace and a newer water heater, add peace of mind. Inside, the home offers a functional layout and is ready for cosmetic updates and personal touches to truly shine. The separate side entry offers excellent basement suite potential for future revenue. Whether you’re a first-time buyer, investor, or someone looking for a home with upside, this property offers strong value and endless possibilities with a little work and vision. As per the Seller’s direction, all offers will be presented on 06/17/2026 6:00PM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12-8 x 25-11 | |
| Bedroom | 8-10 x 9-11 | |
| 3pc Bathroom | x x x | |
| Laundry room | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10-11 x 13-7 | |
| Kitchen | 7-5 x 15-1 | |
| Dining room | 8-4 | |
| Bedroom | 9-11 x 13-3 | |
| Bedroom | 9-10 x 11-8 | |
| 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
13.45%
Cap rate
7.55%
GRM
9.5
Break-even rent
$1,751
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 Jun 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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1.2 km away
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