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56 Coverdale Place NE
***OPEN HOUSE-SAT. June 20 (2-3:30pm)***Welcome to this exceptionally well-maintained walkout bungalow tucked away on a quiet cul-de-sac and situated on a huge 7610 square foot lot and 2 GARAGES (both heated)! Offering four bedrooms and 2.5 bathrooms, this clean and move-in-ready home has been lovingly cared for and features numerous valuable updates, including newer triple-pane windows, air conditioning, hot water tank, washer/dryer, poly-b replaced and recently replaced shingles, siding, and eavestroughs. New vinyl fence added (2023). The bright and functional main floor offers hardwood floors, three spacious bedrooms, including a generous primary suite, while the fully developed walkout basement adds a fourth bedroom, a full bathroom, and plenty of additional living space for family or entertaining. Car enthusiasts, mechanics, hobbyists, or home-based business owners will fall in love with the incredible heated detached garage (25' x 29') at the rear of the property which has a 2 piece bathroom, 2 stage/80 gallon compressor & 75000 BTU heater. Massive size of lot & garage offer endless possibilities, it's a rare feature that's hard to find. A front attached double garage provides even more convenience and storage. There is room beside the rear garage to park an RV & boat. There is also 30 amp service and RV sewer/clean out. With its unbeatable combination of updates, thoughtful layout, oversized lot, and dream garage space, this is a truly unique property that must be seen to be appreciated. Don't miss your opportunity to call this outstanding bungalow home! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Bedroom | 13.17 Ft x 8.92 Ft | |
| Recreational, Games room | 17.83 Ft x 29.75 Ft | |
| Furnace | 18.67 Ft x 20.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 4pc Bathroom | .00 Ft | |
| Bedroom | 8.92 Ft x 10.00 Ft | |
| Bedroom | 8.92 Ft x 9.92 Ft | |
| Dining room | 5.33 Ft x 10.67 Ft | |
| Foyer | 3.75 Ft x 5.50 Ft | |
| Kitchen | 13.83 Ft x 7.25 Ft | |
| Living room | 17.17 Ft x 14.83 Ft | |
| Primary Bedroom | 17.75 Ft x 14.58 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
-1.02%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,299
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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