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Investment signal

$700,000

3 LAKE STREET

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Beds

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Baths

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Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Killaloe, Hagarty and Richards. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Great opportunity! Updated and renovated 3 storey building. This rooming/boarding house features 11 boarding rooms, 1 bachelor unit, 2 - 1 bedroom units and 1 - 3 bedroom unit. All major renovations have been completed within the last 15 years, shingles, siding, windows, dry-wall, electrical, propane gas boilers-heating system. Ample storage space in the basement, as well as a work shop. All apartments have a full kitchen and a full bathroom. 3 apartments are located on main floor, the 3 bedroom apartment and 2 boarding rooms on second level and third floor, 9 boarding rooms, 2 full bathrooms and large kitchen/dining area (shared by the boarding room tenants). This could be your new venture or a semi-retirement project. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 571 - Killaloe/Round Lake
Living area: 0
Lot size: 0.3 acres
Lot dimensions: 0.3
On market: Mar 5, 2026
Status changed: Apr 24, 2026
Annual tax: $6,180
Zoning: Commercial, Rooming/Boarding House
Photos: 32
MLS#: X12851010
Area: KILLALOE,_HAGARTY_AND_RICHARDS

Features and systems

Heating

Hot water radiator heatRadiant heatNatural gas

Cooling

None

Lot

Irregular lot sizeCrane

Negative cash flow ~$788/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.76%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,330

Financing

Down payment$140,000

Loan amount$560,000

Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321

Insurance$80

Maintenance$583

CapEx reserve$292

Vacancy loss$175

Estimates 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.

Mortgage estimate

Estimated $2,837/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.