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Diamond Valley · Single Family · under $700,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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313 4 Street SW
Perfectly nestled on a quiet street in one of Diamond Valley's most desirable neighborhoods, this lovely four-bedroom bungalow offers exceptional curb appeal and a warm, welcoming presence. The home features attractive landscaping, new exposed aggregate sidewalks, patio, and a newer metal roof and fascia. With a total of 2,418 sq. ft. of living space, this is truly a home you can move into and simply enjoy. Inside, you’re greeted by a bright and spacious main floor filled with natural light from large windows and French doors. The inviting layout includes a generous living room anchored by a charming wood-burning fireplace, and a well-designed kitchen offering ample space, a huge island, and a breakfast bar for everyday functionality. Three bedrooms are located on the main floor, including a generous primary suite with a 2-piece ensuite, along with a recently renovated 4-piece bathroom. The fully developed lower level expands your living space with a large family room perfect for children, hobbies, fitness, or cozy movie nights, with the added potential of a future wood-burning fireplace upon completion. This level also includes a newly renovated 3-piece bathroom, a good-sized bedroom, storage space, and a laundry room. Outside, the property continues to impress with a beautiful large deck and pergola, a fenced yard, parking, RV parking, and recreational storage. A standout feature is the huge 32' x 26' garage, insulated and heated, complete with 220-amp service and two large overhead doors—ideal for vehicles, projects, or additional storage. Just steps away to schools, shopping, the hospital, and most amenities, this home offers an exceptional opportunity to enjoy comfort, convenience, and community in the heart of Black Diamond. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 14.00 Ft x 10.42 Ft | |
| Family room | 24.08 Ft x 16.58 Ft | |
| Laundry room | 19.17 Ft x 9.00 Ft | |
| Furnace | 12.33 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 13.00 Ft x 4.00 Ft | |
| Living room | 19.75 Ft x 9.50 Ft | |
| Dining room | 12.00 Ft x 9.50 Ft | |
| Kitchen | 18.00 Ft x 13.42 Ft | |
| Primary Bedroom | 13.17 Ft x 12.00 Ft | |
| Bedroom | 9.50 Ft x 9.00 Ft | |
| Bedroom | 11.58 Ft x 9.00 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,983
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 Jul 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.