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37 Silver Drive
WELCOME HOME - to this fully developed side-by-side duplex featuring 3 bedrooms. 1-4pc bath with dual access, walk-in closet off master, laundry room with appliances, gorgeous oak kitchen with tons of deep storage space and highlighted by pantry,. seperate, and bright dining area, and spacious living room with large bright windows. Basement boasts huge family room for the upstairs family, a full kitchen, 1-4 pc bath, living room, laundry area with washer and dryer, one bedroom with a private walk-out access. Suite is considered illegal. This property has a terrific story with regard to upgrades. ALL windows were replaced -upper in 2020 (low UV#2) and basement in June 2021. These windows have special manipulation for cleaning of the oustside from the inside. Both Hot water tanks were replaced in 2015, shingles replaced in 2015 (30-35 yr shingle), security system installed through telus and shaw both up and down but does not have a contract to be assumed. The paved driveway was completed in 2022. Covered front porch is 8X10 and shed is 10"x12". Outside Basement steps and entrance has a drain together with metal railing and gate. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.42 Ft x 18.08 Ft | |
| Furnace | 6.83 Ft x 8.50 Ft | |
| Other | 8.50 Ft x 17.83 Ft | |
| 4pc Bathroom | 8.58 Ft x 4.92 Ft | |
| Laundry room | 5.00 Ft x 5.33 Ft | |
| Bedroom | 11.67 Ft x 9.83 Ft | |
| Living room | 12.83 Ft x 12.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.08 Ft x 13.58 Ft | |
| Dining room | 7.83 Ft x 11.83 Ft | |
| Kitchen | 11.67 Ft x 9.17 Ft | |
| Laundry room | 5.50 Ft x 7.17 Ft | |
| 4pc Bathroom | 7.50 Ft x 6.92 Ft | |
| Primary Bedroom | 14.42 Ft x 11.75 Ft | |
| Bedroom | 9.50 Ft x 10.17 Ft | |
| Bedroom | 9.92 Ft x 10.17 Ft | |
| Other | 5.92 Ft x 6.42 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
19.74%
Cap rate
8.81%
GRM
8.5
Break-even rent
$1,876
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.
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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 22, 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.
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