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Fairview (Hamlet) · Multi-family · under $875,000 · 7+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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4330 4 Avenue S
Rare opportunity to own a full duplex with a legal suite offering strong, immediate rental income and extensive recent renovations. The original dwelling, owned by the current seller since new in 1984, has been completely updated in 2024 including windows, doors, plumbing, electrical, flooring, kitchens, and bathrooms. The result is a clean, modern space that feels like new while maintaining a functional layout across multiple units.The property features three separate living areas, including a legal 2-bedroom basement suite with a private rear entrance, currently leased at $1,300/month. The upper level of the original side offers a 3-bedroom, 1.5-bath layout, also under a one-year lease at $1,800/month, providing reliable, turnkey income from day one.The additional bungalow-style unit, built in 2008, offers generous living space with 12-foot walls and a 15-foot vaulted ceiling, creating an open feel throughout the main living area. Large south-facing windows bring in natural light, and the kitchen and living space are well suited for everyday living and entertaining. This unit includes two bedrooms on the main floor, main floor laundry, a walk-through closet to the primary bedroom, and a fully developed lower level with an additional bedroom, full bathroom with soaker tub and heated floor, large family and recreation spaces, and ample storage.Recent mechanical updates include furnace and air conditioning (2023), hot water tanks (2022 and 2025), along with roofing and siding completed in 2008 during the addition. Appliances include multiple fridges, stoves, dishwashers, and washers and dryers.Situated on a corner lot in a quiet area next to a well-maintained park, the property offers off-street parking for up to 6 vehicles and convenient access to a nearby school bus stop. Covered rear deck and fenced yard add to the usability of the outdoor space.A versatile property suited for investors or multi-generational living, with significant updates already compl eted and rental income in place. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 35.83 Ft x 15.08 Ft | |
| Family room | 18.00 Ft x 14.92 Ft | |
| 3pc Bathroom | — | |
| Bedroom | 11.17 Ft x 15.08 Ft | |
| Storage | 11.17 Ft x 14.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 9.25 Ft x 8.08 Ft | |
| Living room | 20.42 Ft x 23.42 Ft | |
| Other | 18.50 Ft x 19.33 Ft | |
| Primary Bedroom | 17.67 Ft x 13.42 Ft | |
| Other | 8.25 Ft x 7.92 Ft | |
| 3pc Bathroom | — | |
| Bedroom | 14.08 Ft x 13.00 Ft | |
| Laundry room | 9.25 Ft x 8.92 Ft | |
| Living room | 4.00 Ft x 20.25 Ft | |
| Kitchen | 10.17 Ft x 16.67 Ft | |
| Laundry room | 10.17 Ft x 5.08 Ft | |
| 3pc Bathroom | — | |
| Primary Bedroom | 11.50 Ft x 11.67 Ft | |
| 2pc Bathroom | — | |
| Bedroom | 9.75 Ft x 7.83 Ft | |
| Bedroom | 9.67 Ft x 9.33 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Family room | 14.92 Ft x 19.75 Ft | |
| Kitchen | 8.42 Ft x 11.25 Ft | |
| 3pc Bathroom | — | |
| Bedroom | 11.33 Ft x 15.25 Ft | |
| Bedroom | 10.50 Ft x 13.42 Ft | |
| Laundry room | 7.17 Ft x 6.92 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
-0.97%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,936
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 Apr 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.