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354 Ranchlands Boulevard NE
Investment Opportunity with Legal Suite in Ranchlands!Welcome to 354 Ranchlands Boulevard NE — a fantastic opportunity to own a full up/down duplex with separate entrances, offering excellent flexibility for investors, multi-generational living, or homeowners looking to generate rental income. Unit 1 occupies the upper two levels and features its own private entrance, attached oversized single garage, and driveway. The bright and spacious main floor offers an open-concept layout designed for modern living. The stunning kitchen is the heart of the home, showcasing quartz countertops, stainless steel appliances, a corner pantry, and a large centre island with seating. The kitchen flows seamlessly into the generous dining area and inviting living room, creating the perfect space for entertaining or everyday family life. Durable vinyl plank flooring runs throughout the main level. You’ll also appreciate the front covered deck with a convenient storage room, a side deck ideal for BBQs and outdoor dining, access to the side yard, and a 2-piece powder room.Upstairs, you’ll find two exceptionally large bedrooms, each featuring its own walk-in closet and private ensuite bathroom. One ensuite offers a tub/shower combination, while the other features a spacious walk-in shower. Convenient upper-level laundry completes this well-designed floor plan.Unit 2 is a self-contained legal lower suite with its own separate entrance. This bright and functional space offers an open-concept kitchen, dining, and living area, along with one bedroom and a 4-piece bathroom. This setup creates incredible versatility — ideal as a mortgage helper, revenue property, private space for an adult child, or comfortable accommodations for an aging parent who wants independence while staying close to family.Outside, you'll appreciate the fully maintenance-free exterior, allowing for easy ownership and reduced upkeep. The property is also fully enclosed with durable vinyl fencing, providing privacy, se curity, and a clean, polished appearance that will stand the test of time.Located in the desirable Ranchlands community, close to parks, walking trails, and amenities, this property combines modern finishes, thoughtful design, and outstanding revenue potential. Whether you’re looking to expand your investment portfolio, offset your mortgage, or create a flexible living arrangement for your family, this property is a rare and valuable opportunity. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.75 Ft x 5.00 Ft | |
| Living room | 11.33 Ft x 10.58 Ft | |
| Dining room | 10.50 Ft x 14.67 Ft | |
| Bedroom | 12.25 Ft x 9.33 Ft | |
| 4pc Bathroom | 9.58 Ft x 5.00 Ft | |
| Laundry room | 3.50 Ft x 5.00 Ft | |
| Furnace | 6.08 Ft x 11.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.33 Ft x 15.33 Ft | |
| Dining room | 7.83 Ft x 15.33 Ft | |
| Kitchen | 14.67 Ft x 13.00 Ft | |
| 2pc Bathroom | 5.08 Ft x 5.75 Ft | |
| Furnace | 5.58 Ft x 5.75 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.08 Ft x 13.50 Ft | |
| Bedroom | 13.17 Ft x 13.58 Ft | |
| 4pc Bathroom | 9.08 Ft x 4.92 Ft | |
| 3pc Bathroom | 5.08 Ft x 10.08 Ft | |
| Other | 10.00 Ft x 5.08 Ft | |
| Other | 9.58 Ft x 5.17 Ft | |
| Laundry room | 9.08 Ft x 4.83 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
-1.37%
Cap rate
4.59%
GRM
13.9
Break-even rent
$3,329
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 Jun 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.