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Investment signal

$600,000

58-60 LOWTHER Drive

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Beds

Baths

Sqft

Year

2002

Type

Multi-family

Suite

Suite potential

Location nearby

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

About this home

This well maintained duplex is a fantastic opportunity for investors, first time home buyers, or those looking to live on their own while generating rental income. Live in one unit and rent out the other, or rent both sides for a full investment property. Each unit offers 3 spacious bedrooms, a large eat in kitchen with patio doors leading to a private deck, and a bright, comfortable living room. The lower level features a recreation room, storage space, and there are 2 bathrooms for added convenience. Conveniently located just minutes from schools, shopping, medical clinics, and the APM Recreation Centre, this property is ideal for families and tenants alike. Situated on a generous 0.27 acre lot, there is plenty of outdoor space to enjoy. Note: Tenants pay their own heat and electricity. Don?t miss this versatile and affordable opportunity?perfect for first-time buyers or those looking to live independently. Book your showing today! (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Cornwall
Common interest
Freehold
Lot size
0.27 acres
Lot dimensions
0.27
On market
May 1, 2026
Status changed
May 1, 2026
Zoning
Multi-Family
Photos
25
MLS#
202609254
Area
CORNWALL

Features and systems

Parking

OtherParking Space(s)

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Radiant heatOilHot Water

Exterior

Vinyl

Flooring

CarpetedOther

Foundation

Poured Concrete

Lot

Balcony
Negative cash flow ~$687/mo at these assumptions

Cash on cash

-6.87%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,723

Financing

Down payment$120,000
Loan amount$480,000
Mortgage$2,432/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275
Insurance$80
Maintenance$500
CapEx reserve$250
Vacancy loss$150

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.

Location nearby

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

Mortgage estimate

Estimated $2,432/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 May 1, 2026.

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