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Reduced $24,900 (3%) from $799,900
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Magrath · Single Family · under $850,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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369 S 2 Street W
Tucked away in one of the quietest areas of Magrath near the beautiful fish pond, this incredible one-owner bungalow offers a rare opportunity for true generational living on approximately 1.4 acres right in town! With over-the-top space both inside and out, this meticulously maintained 5 bedroom, 3 bathroom home has been lovingly cared for since day one and is packed with potential for growing families, multi-family living, or anyone craving room to spread out. The bright and welcoming interior is filled with large windows and an abundance of natural light, while the hardwood floors throughout the main level add warmth and timeless character. The massive primary retreat features a dual vanity, relaxing jet tub, and incredible space to unwind. Functionality shines with laundry rooms both upstairs and downstairs, in-floor heat in the basement, several newer stainless steel appliances, and an ideal walk-out basement layout leading directly to the huge patio area below. Outside, the property is truly something special — from the stunning wrap-around and enclosed back deck to the mature trees, garden space, storage sheds, and expansive yard that feels like your own private park. The beautiful crescent driveway offers an unbelievable amount of parking, complemented by the double attached garage and the absolutely insane full-height storage space above the garage that provides endless possibilities. Homes with this kind of size, setting, and long-term pride of ownership rarely come available in Magrath — an exceptional opportunity to own a well-loved family home with room to grow for generations to come! Call your REALTOR and come see your new in-town acreage home for yourself! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.58 Ft x 20.50 Ft | |
| Dining room | 6.00 Ft x 9.25 Ft | |
| Living room | 15.92 Ft x 21.33 Ft | |
| Bedroom | 12.17 Ft x 17.58 Ft | |
| Other | 3.58 Ft x 16.17 Ft | |
| Bedroom | 15.25 Ft x 16.17 Ft | |
| Bedroom | 14.67 Ft x 15.08 Ft | |
| 3pc Bathroom | 10.83 Ft x 9.00 Ft | |
| Laundry room | 7.17 Ft x 5.75 Ft | |
| Storage | 10.83 Ft x 16.00 Ft | |
| Storage | 14.67 Ft x 29.83 Ft | |
| Furnace | 6.75 Ft x 11.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.58 Ft x 14.58 Ft | |
| Kitchen | 13.50 Ft x 13.58 Ft | |
| Breakfast | 3.92 Ft x 8.67 Ft | |
| Dining room | 12.08 Ft x 17.17 Ft | |
| Family room | 19.50 Ft x 17.25 Ft | |
| Sunroom | 11.25 Ft x 21.92 Ft | |
| Primary Bedroom | 21.83 Ft x 19.75 Ft | |
| Other | 6.92 Ft x 15.33 Ft | |
| 5pc Bathroom | 19.50 Ft x 10.25 Ft | |
| Bedroom | 10.67 Ft x 10.83 Ft | |
| 4pc Bathroom | 5.17 Ft x 10.92 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
-6.69%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,785
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 15, 2026.
| Laundry room | 7.17 Ft x 12.50 Ft |
Location of this listing. Distances are straight-line.
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