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309 & 319 Alberta STREET
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Great value meets must-see interior charm in this affordable bungalow, tucked into a quiet neighborhood and ideal as a starter home or income-generating rental property. Set on a large triple lot, this property offers an impressive fully fenced backyard with room for kids, pets, a trampoline, and other large outdoor toys, plus a garden area, garden shed, tarp shed, firepit, and gazebo—perfect for private gatherings, cozy evenings, and your own peaceful retreat. The 12x16 single-car detached garage with door opener adds everyday convenience, while the one-level home offers easy living with no stairs, a crawl space, 2 bedrooms, and 2 bathrooms. Built in 1940, this 864 sq. ft. bungalow also includes a large enclosed 168 sq. ft. porch for valuable extra storage. Inside is where this home truly shines, with thoughtful updates to the floor plan, fresh paint, updated flooring, and a beautifully finished 4-piece bathroom featuring a tiled tub surround and another nearly complete 3-piece bathroom and laundry area. All appliances are included, along with portable A/C and extra kitchen cabinets for added function and storage. The updated interior is absolutely worth the look. Affordable, practical, and full of potential, this property delivers excellent value and is a must-see inside! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Enclosed porch | 24 × 7 feet | |
| Living room | 15 × 12.5 feet | |
| Dining room | 12.5 × 9 feet | |
| Kitchen | 10.5 × 9 feet | |
| Bedroom | 9.5 × 7.5 feet | |
| 4pc Bathroom | — | |
| Primary Bedroom | 10 × 9.5 feet | |
| Laundry room | 9 × 7 feet |
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
88.79%
Cap rate
22.62%
GRM
3.7
Break-even rent
$593
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.
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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 20, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.