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61 Brookfield Road
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Beds
0
Baths
—
Sqft
16,235
Year
1975
Type
Other
On market
28d
INVESTMENT Opportunity! Situated on a 0.81-acre lot in a mature west end neighborhood, this exceptionally well maintained 19-unit apartment building presents a rare opportunity for the savvy investor. Comprised entirely of spacious 2-bedroom units, this impressive income-generating property has been meticulously cared for and professionally managed, with pride of ownership evident throughout. The building consistently attracts mature, long-term tenants, making it a stable and desirable investment. This 3-storey plus basement building consists of 6 units on each of the main, second, and third levels, along with an additional unit on the lower level. Each spacious apartment features a functional layout with oversized windows allowing an abundance of natural light, creating bright and inviting living spaces. Units include an open concept living and dining area, kitchen, two well-proportioned bedrooms, and a full bathroom. Additional features include on-site laundry facilities conveniently located on the lower level, ample tenant parking, deck area, and a large detached garage/quonset hut ideal for additional storage or property maintenance equipment. Ideally located on a mature lot along a bus route and just minutes from Bowring Park, walking trails, Village Shopping Centre, and numerous amenities, this multi-unit property is an outstanding addition to any real estate portfolio. Don't wait! No conveyence of offers until Tuesday, June 11 @ 12:00pm (noon) and are to be left open for acceptance until Tuesday, June 16 @ 5:00pm (id:65958)
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
-6.22%
Cap rate
3.62%
GRM
16.7
Break-even rent
$19,492
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 May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. John's. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.