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Investment signal

$1,199,000

375 RUSSELL STREET

Save this home

Beds

6

Baths

6 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Welcome to the newest development in Dundalk. This stunning sun-filled Serengeti model offers 4100 sqft of luxury space, high end finishes, natural beauty and the largest pie-shaped lot in this community. Perfect for the growing family, this home offers 5 generously sized bedrooms with ensuite bathrooms, large walk-in closets, a functional main floor layout with a separate office perfect for working at home. Walk into the gourmet kitchen ideal for hosting large gatherings with the convenience of both walk-in AND butlers pantry with plenty of cupboard and countertop space. No expenses spared in this home with ample upgrades throughout. Enjoy the 700+ sqft of legally built deck off the kitchen which overlooks green space, trails and ponds right in your very own backyard. Entertain guests using your outdoor hard-scaped space which includes a stone patio, custom concrete stairs and walkways. Rough-in for gas generator and bbq available. A standout feature of this home is the fully permitted walk-out basement apartment with a separate entrance - perfect for multigenerational living, extended family, guests, or potential rental income. The large unfinished portion of the basement offers endless opportunities to create additional living space or ample storage. This home is not to be missed! (id:65958)

Subtype
Single Family
Structure
House
Community
Southgate
Common interest
Freehold
Lot dimensions
36.7 x 143.6 FT ; 89.50 feet back lot line
Bedrooms
5 above grade, 1 below grade
Parking
4 total
Stories
2
On market
Apr 10, 2026
Status changed
Apr 27, 2026
Annual tax
$8,999
Photos
31
MLS#
X12983070
Area
SOUTHGATE

Features and systems

Parking

Attached GarageGarage

Basement

Partially finishedApartment in basementSeparate entranceWalk outN/AN/AN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveRangeDryerWindow CoveringsGarage door openerGarage door opener remote(s)

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

HardwoodCarpetedVinyl

Foundation

Poured Concrete

Lot

Backs on greenbeltConservation/green beltIn-Law Suite

Utilities

SewerElectricity
Negative cash flow ~$1,288/mo at these assumptions

Cash on cash

-6.45%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,356

Financing

Down payment$239,800
Loan amount$959,200
Mortgage$4,860/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550
Insurance$80
Maintenance$999
CapEx reserve$500
Vacancy loss$300

Estimates 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.

Mortgage estimate

Estimated $4,860/mo at 4.5% with 20% down, 30-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 27, 2026.

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