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Investment signal

$1,245,000

301 Preakness Crescent

Save this home

Beds

5

Baths

4

Sqft

Year

2010

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Welcome to your private retreat in a sought-after, community-driven neighbourhood. This impressive 3400+ sq ft home with 4 car detached garage offers exceptional space and versatility, featuring separate 2-bedroom living quartersperfect for extended family or potential rental income. The well-designed layout includes 4 full bathrooms, highlighted by a primary suite with ensuite. The main level offers two bedrooms plus a spacious bonus room, while the bright kitchen/dining area opens to the newly added back composite deck for easy indoor-outdoor living. The lower level adds even more space with three additional bedrooms, a large second living area, and a built-in barideal for entertaining or multi-generational living. Numerous upgrades throughout make this home move-in ready. Enjoy your own backyard oasis with an in-ground pool, patio, and an exposed aggregate driveway for added curb appeal. Located just minutes from nature, with provincial trails within walking distance, plus access to Soldiers Lake and Miller Lake for swimming, kayaking, and more. This welcoming neighbourhood is known for its strong sense of community, hosting local events and offering a true neighbourly feel. The pool has been professionally serviced annually. A rare opportunity to own a home that blends space, lifestyle, and community. (id:65958)

Subtype
Single Family
Structure
House
Community
Fall River
Common interest
Freehold
Living area
3,466 square feet
Lot size
1.15 acres
Lot dimensions
1.1525
Bedrooms
2 above grade, 3 below grade
Stories
1
On market
Apr 6, 2026
Status changed
Apr 26, 2026
Photos
49
MLS#
202606354
Area
FALL_RIVER

Features and systems

Parking

Detached GarageGarageExposed Aggregate

Basement

FinishedFullWalk out

Appliances

WasherWater purifierWater softenerCentral VacuumDishwasherRangeDryerMicrowave

Cooling

Heat Pump

Exterior

Vinyl

Flooring

HardwoodLaminateCeramic Tile

Foundation

Poured Concrete

Lot

Gazebo

Pool

Inground pool
Negative cash flow ~$1,340/mo at these assumptions

Cash on cash

-6.46%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,635

Financing

Down payment$249,000
Loan amount$996,000
Mortgage$5,047/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$571
Insurance$80
Maintenance$1,038
CapEx reserve$519
Vacancy loss$311

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 $5,047/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 26, 2026.

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