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Investment signal

$609,900

33132 MYRTLE AVENUE

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Beds

Baths

Sqft

—

Year

1979

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

Discover the potential of this freehold property ideally located in the heart of Mission. Featuring a 2 bedroom, 1 bathroom home on a well-sized lot, this property offers exceptional accessibility and long-term value. Owned by the same family since construction and never tenanted, the home reflects exceptional value in a pristine location. The flexible R558 zoning allows for up to four dwellings, with options for duplex, triplex, four-plex, or townhome infill offering developers and investors a unique opportunity in a desirable neighborhood. With its central location, growing community amenities, and strong investment upside, this property presents a remarkable opportunity to build, invest, or hold for the future. (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Common interest: Freehold
Living area: 1,915 square feet
Lot size: 3,960 square feet
Lot dimensions: 3960
Fireplace: 2
On market: Apr 21, 2026
Status changed: Apr 21, 2026
Annual tax: $2,764.75 (2025)
Photos: 33
MLS#: R3113948
Area: MISSION

Features and systems

Parking

Carport

Basement

FinishedFullUnknown

Appliances

WasherStoveDryer

Heating

Forced air

Cooling

Air Conditioned

Utilities

WaterNatural GasElectricity

Negative cash flow ~$697/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.85%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,783

Financing

Down payment$121,980

Loan amount$487,920

Mortgage$2,472/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$280

Insurance$80

Maintenance$508

CapEx reserve$254

Vacancy loss$153

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 $2,472/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 21, 2026.