1 / 26

Investment signal

$649,000

420 ERIE STREET

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

Text Hasan Open map Ask a question

Location nearby

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

About this home

** TO BE BUILT - Welcome to the Vivienne, a thoughtfully designed 1,878 sq. ft. bungalow by Branch Homes that combines everyday comfort with modern convenience. This 3-bedroom, 2-bathroom home features an open-concept layout with a bright kitchen that flows into the living area, complete with engineered hardwood throughout and access to the backyard, perfect for entertaining or relaxing outdoors. The eat-in kitchen offers plenty of space for family meals, while the main-floor laundry adds to the easy lifestyle.The primary suite is a true retreat, with a walk-in closet and a spa-inspired ensuite featuring a zero-entry glass shower. Two additional bedrooms and a full bathroom are tucked off on the other side of the home round out the main level. The lower level offers a separate side entrance and is roughed in for a kitchen and bathroom. The floor plans show room for two bedrooms, a living space, and a dining area giving you incredible flexibility for multi-generational living, rental income, or simply making use of a spacious basement that also connects directly to the main floor. Additional features include a concrete driveway and quality finishes throughout, designed with both style and functionality in mind. The Vivienne is a perfect blend of modern living, thoughtful design, and future flexibility. Photos are of a current model with some upgrades. **PLS NOTE: PRICE REFLECTS HST REBATE** (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Watford
Common interest: Freehold
Lot dimensions: 49.2 x 133 FT
Bedrooms: 3 above grade
Parking: 6 total
Stories: 1
Fireplace: 1
On market: Apr 10, 2026
Status changed: Apr 24, 2026
Annual tax: $0
Zoning: R1
Photos: 26
MLS#: X12984184
Area: WARWICK_(WATFORD)

Features and systems

Parking

Attached GarageGarage

Basement

UnfinishedFull

Appliances

Water Heater - Tankless

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

Flat siteSump Pump

Community

Community Centre

Negative cash flow ~$732/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.77%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,020

Financing

Down payment$129,800

Loan amount$519,200

Mortgage$2,631/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$163

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 $2,631/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.