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Investment signal

$279,900

333 Victoria STREET

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Beds

Baths

Sqft

Year

Type

Vacant Land

Suite

Investment signal

Location nearby

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

About this home

This beautiful residential building lot is situated amongst mature homes in the Town of Essex. At just over half acre, and 60' of frontage, this property offers development opportunities for a single family home, duplex, or potential multi unit residential. Buyer to verify zoning, development costs, and permitted uses. This ""L"" shaped lot is fully fenced, with recent survey available. Please contact Listing Agent for more information. (id:65958)

Subtype
Vacant Land
Structure
No Building
Common interest
Freehold
Lot dimensions
60.18 X Irregular / 0.55 AC
On market
Apr 2, 2026
Status changed
Apr 28, 2026
Zoning
R1
Photos
8
MLS#
26006811
Area
ESSEX
Positive cash flow ~$587/mo at these assumptions

Cash on cash

12.59%

Cap rate

7.38%

GRM

9.7

Break-even rent

$1,782

Financing

Down payment$55,980
Loan amount$223,920
Mortgage$1,135/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128
Insurance$80
Maintenance$233
CapEx reserve$117
Vacancy loss$120

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 $1,135/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 28, 2026.

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