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Investment signal

$379,900

54 Indian Meal Line

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Beds

Baths

Sqft

—

Year

1997

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Located in the beautiful town of Torbay, this well-maintained two-apartment home offers both comfort and income potential. The property features a large attached garage and ample parking for up to six vehicles—ideal for families or tenants. The main unit boasts a bright eat-in kitchen complete with a spacious peninsula, perfect for everyday living and entertaining. The primary bedroom includes a private ensuite, adding an extra level of convenience. Step outside to enjoy the private rear deck, along with a storage shed for added functionality. The self-contained basement apartment includes two bedrooms and its own laundry, making it an excellent option for rental income or extended family. Conveniently located with quick access to Stavanger Drive shopping and amenities, this property is a fantastic opportunity for homeowners and investors alike. As per seller direction no conveyance of offers prior to 2PM April 27th. All offers to be left open until 7PM April 27th. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: Two Apartment House
Common interest: Freehold
Living area: 2,130 square feet
Lot dimensions: 60 X 100 APPROX
Bedrooms: 2 above grade, 3 below grade
On market: Apr 24, 2026
Status changed: Apr 26, 2026
Annual tax: $2,363
Zoning: Res.
Photos: 31
MLS#: 1296535
Area: TORBAY

Features and systems

Parking

Attached Garage

Heating

Baseboard heatersElectric

Exterior

Vinyl siding

Flooring

LaminateOtherMixed Flooring

Foundation

Poured Concrete

Positive cash flow ~$866/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

13.68%

Cap rate

7.60%

GRM

9.6

Break-even rent

$2,388

Financing

Down payment$75,980

Loan amount$303,920

Mortgage$1,540/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$174

Insurance$80

Maintenance$317

CapEx reserve$158

Vacancy loss$165

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 $1,540/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 26, 2026.