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616 Memorial Avenue
Beds
3
Baths
3
Sqft
1,951
Year
1989
Type
Single Family
On market
28d
Tucked away on one of the Town of Vulcan’s most desirable streets, this distinctive home combines custom craftsmanship, thoughtful updates, and a location that is hard to beat. Situated on a beautifully landscaped lot with mature trees and a spacious front parking pad, the property is just a short walk to downtown shopping, schools, the post office, and a nearby public park featuring tennis and pickleball courts, basketball courts, and walking paths. The exterior is finished with durable Hardie board siding and complemented by newer shingles, decking, exterior windows, and doors. Inside, the vaulted living room creates an impressive first impression, with custom built-ins and unique design touches found throughout the home. The kitchen offers granite countertops, updated appliances, a peninsula with seating, and a spacious dining area designed for both everyday living and entertaining. Thoughtful storage solutions include pull-out shelving in the lower cabinets for easy access and a full-height pantry cupboard conveniently located beside the refrigerator. The main level also includes a second bedroom and a den complete with built-in shelving and desk space. Upstairs, the primary suite features a walk-in closet, four-piece ensuite, and a hidden “secret room” tucked beyond the closet for a fun and unexpected bonus space. The dedicated office area overlooks the main living space and includes additional built-in cabinetry and workspace. The partially finished basement adds even more flexibility with another bedroom featuring its own three-piece ensuite, a hobby room previously used as a photography dark room, and additional space ready for future development, storage, or a family room. Step outside and enjoy the peaceful backyard setting from the rear deck, surrounded by mature landscaping that adds both beauty and privacy. Recent improvements include all exterior windows and doors replaced in 2024, roof vents in 2024, a high-efficiency furnace installed in late 202 3, new exterior lighting in 2023, a basement bathroom backflow valve and sump pump in 2020, and a water softener added in early 2025. Homes with this much character, functionality, and location appeal rarely come available in the Town of Vulcan. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.75 Ft x 8.00 Ft | |
| Bedroom | 12.33 Ft x 12.00 Ft | |
| Bonus Room | 12.17 Ft x 7.67 Ft | |
| Other | 41.75 Ft x 29.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.08 Ft x 4.92 Ft | |
| Bedroom | 11.75 Ft x 11.17 Ft | |
| Dining room | 16.50 Ft x 13.83 Ft | |
| Family room | 12.58 Ft x 13.08 Ft | |
| Kitchen | 11.33 Ft x 12.17 Ft | |
| Living room | 14.75 Ft x 26.50 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 15.17 Ft x 15.33 Ft | |
| Office | 6.58 Ft x 8.00 Ft | |
| Primary Bedroom | 13.08 Ft x 13.92 Ft | |
| Storage | 15.42 Ft x 10.67 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
-1.25%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,395
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 Jun 2, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vulcan. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.