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301 J AVENUE N
Welcome to this beautifully renovated bungalow offering 4 bedrooms and 2 bathrooms, including a 2-bedroom basement suite with separate entry, separate kitchen, and separate laundry. The main floor features 2 spacious bedrooms, a bright and inviting living area with a modern accent wall, a fully renovated kitchen with quartz countertops, updated flooring, and a beautifully renovated bathroom. The basement suite also offers 2 bedrooms, making it an excellent mortgage helper or investment opportunity. This home has seen extensive upgrades, including newer shingles (approximately 2 years old), brand new Hardie board siding, brand new furnace, and brand new water heater. Appliances for both the main floor and basement suite are included, making this property truly move-in ready. The basement suite is ideal for extended family, rental income, or first-time home buyers looking to offset mortgage costs. With its own private entrance, kitchen, and laundry, it provides excellent privacy and functionality. Situated in a family-friendly neighborhood close to schools, parks, public transit, shopping, and other amenities, this property is perfect for families, first-time buyers, or investors looking for a turnkey revenue property. Don’t miss this opportunity to own a stylish and functional home with excellent income potential! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 7.5 feet | |
| Bedroom | — | |
| Bedroom | 8.4 × 8.2 feet | |
| 4pc Bathroom | — | |
| Kitchen/Dining room | 8.3 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | — | |
| Kitchen/Dining room | — | |
| Bedroom | — | |
| Bedroom | — | |
| 3pc 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).
Cash on cash
6.58%
Cap rate
6.18%
GRM
11.2
Break-even rent
$2,450
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 17, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.