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2, 532 First Street Street E
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Beds
3
Baths
2 full + 1 half
Sqft
573
Year
1991
Type
Single Family
On market
5d
Welcome to this charming Bi-level corner unit located in Cochrane’s desirable East End. This self managed fourplex condominium offers over 1,100 sq. ft. of comfortable living space, at a fantastic price for a 3 bed/1 1/2 bath. An exceptional value in today’s market. Inside, you’ll appreciate the freshly painted walls and ceilings and new vinyl plank flooring throughout the main living areas. Pex plumbing system installed throughout unit (includes warranty). The bright and inviting main floor features a cozy living room, dining area, a well-appointed kitchen with Whirlpool appliances, and a conveniently located half bath. The home is equipped with a Google Nest system, connected to the smoke detectors, carbon monoxide detectors, and heating controls, providing added safety, smart monitoring, and improved energy efficiency. Throughout the home, you'll also find tamper resistant electrical outlets, adding an extra layer of safety for families and peace of mind for all occupants. The lower level hosts 3 bedrooms. Two exposed basement windows are surrounded by window wells and nearly all windows in the unit have been replaced, with the exception of the sliding patio door. Outside, enjoy a sizeable deck and a landscaped side yard, perfect for relaxing or entertaining. A covered carport offers sheltered parking with direct access to your side yard or front door for added convenience. Located in a quiet and well established neighbourhood, this property offers easy access to walking trails, a nearby park, a school and tennis courts. It is also within comfortable walking distance of downtown Cochrane and several shopping districts, making daily errands and weekend outings incredibly convenient. With low condo fees, an excellent layout, modern updates, and an unbeatable price for a 3 bed/1.5 bath property in Cochrane, this home offers outstanding value and true move in readiness. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 9.25 Ft | |
| Bedroom | 13.00 Ft x 11.83 Ft | |
| Primary Bedroom | 15.25 Ft x 9.25 Ft | |
| Bedroom | 10.42 Ft x 8.33 Ft | |
| Furnace | 5.58 Ft x 9.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.00 Ft x 5.33 Ft | |
| Kitchen | 13.08 Ft x 7.00 Ft | |
| Dining room | 13.50 Ft x 10.08 Ft | |
| Living room | 22.17 Ft x 11.50 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
5.55%
Cap rate
5.97%
GRM
11.4
Break-even rent
$2,080
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.
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 7, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cochrane. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.