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511 Albert STREET
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Hudson Bay · Single Family · under $125,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Perfect Starter, Retirement, or Investment Home in Hudson Bay! This charming one-bedroom home is packed with upgrades, and sits a on 2 titled lots, here are the highlights; new windows, new siding, and 1.5” insulation wrap around the entire house for improved efficiency, new shingles. Inside, you’ll find a beautifully updated bathroom with shared laundry on the main floor. The refreshed flooring, and fresh paint throughout is a bonus. The home offers a welcoming porch entry, plus off the front living room a screened-in, enclosed deck just, perfect for enjoying those peaceful northern evenings. Outside, the property continues to impress with a patio area, two sheds (one electrified), and plenty of space to relax or garden. Bonus: a Mastercraft 42” lawnmower is included, along with the fridge, stove, washer, and dryer—making this a true move-in-ready opportunity. Downstairs provides ample storage space, adding even more functionality to this home. New furnace and water heater. Whether you’re searching for a bachelor suite, a retirement retreat, or your very first home, this property checks all the boxes. Ideally located within walking distance to local primary healthcare and the hospital, and just minutes from a fully stocked grocery store. The K–12 school, the newly featured new swimming pool and water park which is also nearby. Hudson Bay offers fantastic amenities including a movie theatre, skate park, skating arena, and curling rink.Why not make Hudson Bay your place to call home and invest in your future? Why rent when you can own! Call today to set up your viewing! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.5 × 13.4 feet | |
| Laundry room | 8.3 × 9.4 feet | |
| Bedroom | 14.5 × 9.4 feet | |
| Enclosed porch | 7.8 × 8.3 feet | |
| Kitchen/Dining room | 9.3 × 13.4 feet |
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
41.19%
Cap rate
13.10%
GRM
5.9
Break-even rent
$685
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 5, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.