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Investment signal

$799,900

A 3365 Painter Rd

Beds

4

Baths

2

Sqft

Year

1952

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

BIG PRICE REDUCTION! Charming, 2 Kitchen, 1950’s home, nestled on a private and spacious .22-acre lot surrounded by mature trees and established garden beds. This home offers a fantastic opportunity to create your dream space. The main level features 3 bedrooms and 1 bathroom, an inviting eat-in kitchen, a cozy family room, and a bright living room highlighted by coved ceilings, original oak hardwood floors, and a fireplace. Double doors lead to a large, private deck with a hot tub, ideal for morning coffee or summer gatherings. Downstairs, you’ll find a laundry room and a 1-bedroom in-law suite with separate entrance, a great option for extended family or rental income. The property also boasts ample parking, including space for a boat or RV, and is ideally located close to schools, beaches, parks, and all amenities. Whether you’re a first-time buyer or an investor, this house will be a source of future happiness. Don’t miss out on making 3365 Painter Rd your next great opportunity! (id:65958)

Subtype
Single Family
Architectural style
Character
Structure
House
Community
Wishart South
Common interest
Condo/Strata
Living area
1,944 square feet
Lot size
9,388 square feet
Lot dimensions
9388
Parking
3 total
Condo/HOA fee
$0 monthly
Fireplace
2
On market
Sep 15, 2025
Status changed
Apr 16, 2026
Annual tax
$3,603.33
Zoning
Residential
Photos
33
MLS#
1013913
Area
COLWOOD

Features and systems

Appliances

WasherRefrigeratorHot TubStoveDryer

Heating

Forced airOilWood

Cooling

None

Lot

Cul-de-sacLevel lotPrivate settingWooded areaRectangular

Community

Family OrientedPets Allowed
Negative cash flow ~$1,572/mo at these assumptions

Cash on cash

-11.79%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,655

Financing

Down payment$159,980
Loan amount$639,920
Mortgage$3,926/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$367
Insurance$80
Maintenance$667
CapEx reserve$333
Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $3,926/mo at 5.49% with 20% down, 25-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 16, 2026.

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