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31 Herron Rise NE
Beds
5
Baths
4 full + 1 half
Sqft
2,212
Year
2022
Type
Single Family
On market
14d
OPEN HOUSE MAY 31, 2026, 12PM-2PM | FEATURES 2 BEDROOM LEGAL SUITE - Welcome to this beautifully upgraded home fronting directly onto a park, offering the perfect combination of luxury, comfort, and income potential! Situated on a desirable lot with a west-facing backyard, this stunning property is filled with natural sunlight throughout the day and is thoughtfully designed for modern family living.As you step inside, you are welcomed by a spacious and functional main floor featuring a dedicated den/office, perfect for working from home, studying, or creating a private flex space. The bright and open living area is highlighted by an elegant electric fireplace, creating a warm and inviting atmosphere for everyday living and entertaining.The chef-inspired kitchen is loaded with premium upgrades and designed for both style and functionality. It features ceiling-height cabinetry, added cabinets for extra storage, a built-in microwave, a stylish chimney hood fan, and a convenient walkthrough pantry that connects seamlessly for easy access and organization. Pot lights throughout the home and upgraded railings add a modern and luxurious touch to the overall design.Upstairs, you’ll find a spacious bonus room that serves as the perfect second family lounge, kids’ play area, or entertainment space. The primary bedroom is a true retreat, offering a large walk-in closet and a beautifully designed 5-piece ensuite that brings comfort and elegance together. The additional bedrooms are well-sized and ideal for growing families.Step outside to enjoy the rear deck, perfect for summer BBQs, family gatherings, or simply relaxing while enjoying the privacy of your west-facing backyard. The oversized garage provides ample space for parking, storage, and all your seasonal needs.Adding even more value is the fully finished 2-bedroom legal basement suite, offering an excellent mortgage helper, rental income opportunity, or comfortable living space for extended family.Located directly across from park space and close to schools, shopping, transit, and everyday amenities, this exceptional home is ideal for families, investors, and first-time buyers alike. A rare opportunity to own a stylish, income-generating home in a highly desirable location—this one is truly a must-see! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.50 Ft x 4.08 Ft | |
| Bedroom | 9.50 Ft x 9.50 Ft | |
| Bedroom | 9.92 Ft x 9.50 Ft | |
| Kitchen | 10.92 Ft x 12.67 Ft | |
| Recreational, Games room | 15.58 Ft x 11.75 Ft | |
| Furnace | 10.17 Ft x 17.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.67 Ft x 5.00 Ft | |
| Dining room | 11.17 Ft x 9.50 Ft | |
| Family room | 12.17 Ft x 12.92 Ft | |
| Foyer | 5.92 Ft x 11.17 Ft | |
| Kitchen | 14.67 Ft x 13.08 Ft | |
| Kitchen | 7.67 Ft x 9.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.00 Ft | |
| 5pc Bathroom | 11.25 Ft x 12.00 Ft | |
| Bedroom | 13.50 Ft x 11.75 Ft | |
| Bedroom | 13.50 Ft x 10.92 Ft | |
| Family room | 27.58 Ft x 16.17 Ft | |
| Laundry room | 6.17 Ft x 6.92 Ft | |
| Primary Bedroom | 17.17 Ft x 13.00 Ft | |
| Other | 8.92 Ft x 5.08 Ft |
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
-0.90%
Cap rate
4.68%
GRM
13.9
Break-even rent
$4,875
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 1, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.