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Investment signal

$129,000

38 Junction Road

Save this home

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

Detached GarageGaragePaved Yard

Basement

UnfinishedFull

Appliances

WasherRefrigeratorRangeDryer

Exterior

Vinyl

Flooring

LaminateCarpetedLinoleum

Foundation

Poured Concrete
Positive cash flow ~$1,457/mo at these assumptions

Cash on cash

67.75%

Cap rate

18.42%

GRM

4.5

Break-even rent

$867

Financing

Down payment$25,800
Loan amount$103,200
Mortgage$523/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$59
Insurance$80
Maintenance$108
CapEx reserve$54
Vacancy loss$120

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 $523/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 24, 2026.

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