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6366 Queens AVENUE
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Gull Lake · Single Family · under $100,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Affordable Opportunity in Gull Lake! Welcome to this well-loved, one-owner home located in the welcoming town of Gull Lake. Whether you're a first-time buyer looking to step into home ownership or an investor searching for a solid rental property, this home offers incredible potential at a price that’s cheaper than rent! Conveniently situated close to the K–12 school and local recreation facilities, this location is ideal for families and those who enjoy being near community amenities. Step inside to find a large, inviting living room — perfect for relaxing or entertaining. The home also features convenient main floor laundry, adding ease and practicality to your daily routine. A dedicated office space showcases beautiful built-in shelving, creating the perfect spot for working from home, studying, or organizing your favorite books and décor. Downstairs, you’ll find a large basement complete with a spacious rec room, offering endless possibilities — movie nights, a kids’ play area, home gym, or additional entertaining space. Outside, you’ll appreciate the large backyard, offering plenty of room for kids, pets, gardening, or future improvements. With a little vision and renovation, you can truly make this home your own while building equity along the way. Affordable, functional, and full of potential — this is an opportunity you don’t want to miss! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 10'10 x 31'9 | |
| Other | 11'1 x 17'9 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11'5 x 18'11 | |
| Bedroom | 11'5 x 8'3 | |
| 4pc Bathroom | 4'9 x 7'2 | |
| Bedroom | 8'7 x 12'9 | |
| Kitchen | 10'11 x 11'4 | |
| Laundry room | 6'11 x 7'11 |
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
94.97%
Cap rate
23.86%
GRM
3.5
Break-even rent
$569
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 Mar 17, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.