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2908-2910 Preston AVENUE S
Investment opportunity at 2908/2910 Preston Avenue! This extensively renovated side-by-side bi-level duplex offers a turnkey addition to any investment portfolio with strong rental appeal as a purpose-built rental. Unit 2908 has just completed a comprehensive renovation including a new kitchen, while unit 2910 has been occupied by only one tenant since its remodel, exhibiting care and consistent maintenance. Each unit features durable, low-maintenance flooring with modern vinyl plank throughout. The majority of the windows have been updated as well as the mechanical which includes central air conditioning. The partially developed lower level offers excellent value-add potential with large above-grade windows that provide abundant natural light, rough-ins already in place for future bathrooms, and flexible layouts ready for further development. Both sides also includes a developed basement rec room that could function as a 3rd bedroom or office. Outside, the property includes two single detached garages—one dedicated to each unit—along with fully fenced and landscaped yards, adding to tenant comfort and convenience. Ideally located on Preston Avenue, this income property offers exceptional accessibility with public transit directly outside the front door, close proximity to shopping and everyday amenities, and convenient routes to downtown and major commuter corridors. A rare opportunity to acquire a well-maintained, upgraded duplex with immediate rental potential and room for increased future returns. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Den | 12' x 18' | |
| Den | 12' x 18' |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10' x 16'6'' | |
| Dining room | 7' x 9' | |
| Kitchen | 9' x 9' | |
| 4pc Bathroom | — | |
| Bedroom | 10' x 11' | |
| Bedroom | 9' x 12' | |
| Living room | 10' x 16'6'' | |
| Dining room | 7' x 9' | |
| Kitchen | 9' x 9' | |
| 4pc Bathroom | — | |
| Bedroom | 10' x 11' | |
| Bedroom | 9' x 12' |
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
-6.89%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,601
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 19, 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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