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369 Martinwood Place NE
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Beds
5
Baths
3 full + 1 half
Sqft
1,253
Year
1992
Type
Single Family
On market
0d
Open House June 13 & 14 Sat- Sun 12:00Pm to 4:00Pm. Welcome to this beautifully renovated two-storey home, offering the perfect combination of comfort, functionality, and investment potential. Ideal for first-time homebuyers and savvy investors alike, this well-maintained property is located in a family-friendly neighborhood and presents an excellent live-up, rent-down opportunity. The bright and inviting main floor features an open-concept layout with a spacious living room, a well-appointed kitchen with ample cabinetry, a dedicated dining area, a convenient powder room, and a functional laundry space. Upstairs, you'll find a generous primary bedroom, two additional well-sized bedrooms, and a full 4-piece bathroom, providing plenty of room for a growing family. The professionally developed illegal basement adds exceptional versatility and includes two rooms, a comfortable living area, a full bathroom, and a private side entrance, making it ideal for extended family, multi-generational living, or potential rental income. Recent upgrades include fresh interior and exterior paint, new flooring throughout, and beautifully renovated bathrooms on every level. Combining modern updates, ample living space, and outstanding income-generating potential, this move-in-ready home offers incredible value and is an opportunity you won't want to miss. Please contact to book your private showing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.83 Ft x 4.75 Ft | |
| Bedroom | 9.67 Ft x 7.58 Ft | |
| Bedroom | 10.08 Ft x 7.58 Ft | |
| Kitchen | 7.25 Ft x 9.92 Ft | |
| Recreational, Games room | 20.17 Ft x 12.50 Ft | |
| Storage | 3.17 Ft x 10.92 Ft | |
| Other | 7.67 Ft x 6.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.00 Ft x 5.33 Ft | |
| Dining room | 5.67 Ft x 13.00 Ft | |
| Kitchen | 8.33 Ft x 13.00 Ft | |
| Living room | 19.25 Ft x 15.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Bedroom | 12.08 Ft x 10.50 Ft | |
| Bedroom | 12.00 Ft x 9.25 Ft | |
| Primary Bedroom | 13.75 Ft x 12.00 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
-2.97%
Cap rate
4.27%
GRM
14.6
Break-even rent
$3,602
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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