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Reduced $3,900 (1%) from $389,900
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40 Pinecliff Close NE
Beds
3
Baths
2 full + 1 half
Sqft
1,119
Year
1979
Type
Single Family
On market
59d
Welcome to this newly renovated 2-storey Duplex located in the desirable community of Pineridge! This duplex has just undergone a beautiful renovation, featuring fresh paint, stylish feature walls in every bedroom, upgraded tiles, and modernized washrooms offering a sleek, move-in ready look. Perfect for first-time buyers or investors, this home offers move-in ready convenience with room to add your personal touch. Recent light updates provide a great foundation, while the spacious yard is ideal for outdoor living, gardening, or entertaining. While you enter the main floor you will be greeted by huge living room, dining area, kitchen and 2 piece washroom. Upstairs you will find 3 bedrooms and one full washroom. Don’t stop here step down to the basement which have huge rec area for private gatherings and ample of storage and laundry. Located close to both an elementary and junior high school, and surrounded by parks and green spaces, this home is perfect for growing families. With easy access to local amenities, transit, and major roadways, this is a smart investment in a family-friendly, established neighbourhood. Don't miss this opportunity—schedule your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 11.33 Ft x 8.50 Ft | |
| Recreational, Games room | 23.25 Ft x 10.67 Ft | |
| Storage | 4.42 Ft x 3.42 Ft | |
| Furnace | 11.92 Ft x 5.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.67 Ft x 5.00 Ft | |
| Dining room | 8.75 Ft x 9.67 Ft | |
| Foyer | 3.67 Ft x 6.58 Ft | |
| Kitchen | 11.58 Ft x 9.92 Ft | |
| Living room | 18.58 Ft x 10.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.17 Ft x 5.00 Ft | |
| Bedroom | 11.50 Ft x 8.67 Ft | |
| Bedroom | 8.17 Ft x 8.92 Ft | |
| Primary Bedroom | 15.25 Ft x 11.00 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
-0.37%
Cap rate
4.79%
GRM
13.4
Break-even rent
$2,425
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 9, 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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