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Investment signal

$3,199,000

6-18 Ariss Gate

Beds

—

Baths

—

Sqft

—

Year

2023

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

EXCEPTIONAL 7-UNIT Townhouse INVESTMENT FULLY TENANTED, ONLY 2 YEARS OLD TOWNHOUSE BUIDLING, WITH ASSIGNABLE MORTGAGE! All 7 units are identical in layout and finish, each leased at $2,300/month (water included), generating $193,200 in gross annual rental income. The property has maintained 100% occupancy. All tenants are on fixed-term leases, providing stable and predictable cash flow. Every unit features stone countertops in kitchens and bathrooms, durable laminate flooring, kitchen islands with breakfast bars, and ductless air conditioning. Modern design throughout with quality materials and finishes. Showings 24 hours notice required. Financial package available to qualified buyers upon request. (id:65958)

Subtype: Multi-family
Structure: Apartment
Community: Hammonds Plains
Common interest: Freehold
Lot size: 0.73 acres
Lot dimensions: 0.727
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Photos: 38
MLS#: 202607593
Area: HAMMONDS_PLAINS

Features and systems

Parking

Paved YardParking Space(s)

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave Range Hood Combo

Cooling

Heat Pump

Exterior

StoneVinyl

Flooring

LaminateCeramic Tile

Foundation

Concrete Slab

Lot

Wheelchair access

Community

School Bus

Negative cash flow ~$6,045/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.34%

Cap rate

3.62%

GRM

16.7

Break-even rent

$22,364

Financing

Down payment$639,800

Loan amount$2,559,200

Mortgage$15,700/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,466

Insurance$80

Maintenance$2,666

CapEx reserve$1,333

Vacancy loss$800

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $15,700/mo at 5.49% with 20% down, 25-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 16, 2026.