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Prince Albert · Single Family · under $300,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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626 22nd STREET E
This newly listed bi-level home presents an excellent opportunity for first-time buyers or savvy investors looking to build equity quickly. Lovingly maintained by its original owners, this property offers a versatile layout and a prime location. The main floor features a self-contained two-bedroom suite with a spacious living area, a 3-piece bathroom, updated kitchen with an eat-in dining room, leading directly to a large back deck—perfect for entertaining or relaxing outdoors. A comfortable living space for family or tenants. The lower level includes a separate entrance to a non-conforming basement suite, complete with a kitchen, living room, two bedrooms, and a bathroom, ideal for additional rental income or extended family living. Shared laundry facilities add to the convenience Additional highlights include most new windows, newer shingles, central air conditioning, and all appliances included. The home sits on a large lot near the golf course and is within walking distance to the Cornerstone shopping district, combining comfort, convenience, and potential for growth. This property is a superb investment or starter home. Contact your favorite realtor today to explore this opportunity! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11'07 | |
| Family room | 11'07 | |
| 3pc Bathroom | 7'11 x 4'11 | |
| Bedroom | 6'09 x 11'01 | |
| Bedroom | 10'09 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11'10 x 14'08 | |
| Dining room | 9'03 x 8'09 | |
| Kitchen | 8'07 x 12'03 | |
| 3pc Bathroom | 8'04 | |
| Bedroom | 11'11 x 11'01 | |
| Bedroom | 8'01 x 11'04 |
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
24.90%
Cap rate
9.84%
GRM
7.8
Break-even rent
$1,721
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.
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 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.