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Nipawin · Single Family · under $175,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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409 Nipawin ROAD E
Welcome to this solid and well-maintained bungalow located at 409 Nipawin Rd East! Offering excellent flexibility for homeowners and investors alike, this home is currently configured as a spacious 2-bedroom layout with convenient main-floor laundry, while retaining the potential to easily convert back to a 3-bedroom main floor by relocating the laundry to the basement. Built in 1980, this home features a full-height concrete basement with a separate side-split entrance, creating outstanding potential for a future basement suite or additional living space. The basement is already studded and insulated, providing a head start on your finishing plans. Recent updates include all-new flooring and fresh paint throughout the main floor, giving the home a clean, modern feel and making it move-in ready. Outside, you’ll appreciate the raised garden beds, extra off-street parking, and convenient alley access, offering plenty of room for vehicles, recreational equipment, or future garage development. Whether you’re looking for a comfortable family home, an investment opportunity, or a property with room to grow, this solid home offers exceptional potential and value. Call today to book your private tour! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8'2" x 8'3" | |
| Other | 23'7" x 12'2" | |
| Other | 11'9" x 39'6" |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 9'1" x 17'3" | |
| Living room | 15'5" x 17'3" | |
| Bedroom | 9'3" x 10'7" | |
| Bedroom | 9'3" x 9'10" | |
| Laundry room | 5'11" x 8'3" | |
| 4pc Bathroom | 5'11" x 8'3" |
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
32.25%
Cap rate
11.31%
GRM
6.8
Break-even rent
$1,024
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 10, 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.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.