$129,000
38 Junction Road
Beds
3
Baths
1
Sqft
—
Year
1927
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Springhill. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Situated on a large half acre lot, this 3-bedroom home offers space, character, and exciting potential for the right buyer. Backing onto Pine Street, the property may offer future potential to subdivide and create a separate building lot (to be verified by the buyer), making this a unique investment opportunity. Or perhaps youve been dreaming of outdoor space, this property delivers utilize the generous lot by adding a fence and creating a sprawling garden, outdoor retreat, or hobby space. The home itself offers over 1,600 sq ft of living space and is full of charm and character. While it does require cosmetic updates, it presents a fantastic opportunity for someone to build equity and bring their vision to life. With its size and layout, this home could be truly lovely with some thoughtful improvements. Inside, youll find a functional layout featuring a mudroom off the driveway for everyday convenience and a partially insulated front sunroom, perfect for enjoying your morning coffee or extending your living space seasonally. A cozy wood stove in the dining room adds warmth and character to the home. The basement is dry, and the home has solid bones, providing a strong foundation for future updates and improvements. It also boasts a newer oil boiler, hot water heater, updated electrical and some updated plumbing. Outside, enjoy a large paved driveway and a detached single garage, offering ample parking and storage. Located close to a local school and amenities, this property is ideal for investors, renovators, or buyers looking for an affordable home with room to grow. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Springhill
- Common interest
- Freehold
- Living area
- 1,632 square feet
- Lot size
- 0.48 acres
- Lot dimensions
- 0.4821
- Bedrooms
- 3 above grade, 0 below grade
- Stories
- 2
- On market
- Mar 18, 2026
- Status changed
- Apr 24, 2026
- Photos
- 23
- MLS#
- 202604852
- Area
- SPRINGHILL
Features and systems
Parking
Basement
Appliances
Exterior
Flooring
Foundation
Cash on cash
67.75%
Cap rate
18.42%
GRM
4.5
Break-even rent
$867
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.