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Investment signal

$419,900

308 VICTORIA STREET N

Beds

Baths

Sqft

—

Year

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Location

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About this home

Well maintained investment property in the heart of downtown Tweed. This is an excellent opportunity for investors or owner-operators. Featuring a vacant main level commercial space of approximately 670 sqft, complete with ample storage and a 3-piece bathroom, this unit provides immediate upside potential with the ability to secure your own tenant and set market rents.The upper-level 3-bedroom apartment (approx. 1,100 sqft) is tenant occupied and offers an upgraded open-concept kitchen with island, bright dining area, 4-piece bathroom, and in-suite laundry. The rear 1-bedroom apartment (approx. 480 sqft) is also tenant occupied and includes a kitchen, living area, and 3-piece bathroom.Recent updates include flooring, kitchens, and furnace (2019), with the roof approximately 13 years old. 2025 NOI totaled $40,541, reflecting a strong 9.68% cap rate when fully occupied. The building is serviced by 1 hydro meter and 1 gas meter, with 3 on-site parking spaces. Prime high-traffic location close to all amenities and only 30 minutes to Highway 401.24 hours' notice required for residential unit showings. 24-hour irrevocable on all offers. (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: Tweed (Village)
Common interest: Freehold
Lot dimensions: 36.5 x 132 FT
Bedrooms: 4 above grade
Parking: 3 total
Stories: 2
On market: Mar 27, 2026
Status changed: Apr 14, 2026
Annual tax: $2,158.21 (2025)
Photos: 23
MLS#: X12927474
Area: TWEED_(TWEED_(VILLAGE))

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

WasherDryerTwo stovesTwo Refrigerators

Heating

Forced airNatural gas

Cooling

None

Exterior

Brick

Foundation

Stone

Lot

Carpet Free

Negative cash flow ~$103/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-1.47%

Cap rate

5.59%

GRM

12.1

Break-even rent

$3,009

Financing

Down payment$83,980

Loan amount$335,920

Mortgage$2,061/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$192

Insurance$80

Maintenance$350

CapEx reserve$175

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,061/mo at 5.49% with 20% down, 25-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 14, 2026.