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Investment signal

$1,200,000

672 JEANNE MANCE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

Investor Opportunity !! Sale Not Subject to HST. Rare opportunity to acquire a fully rented fourplex in the village of Casselman, offering immediate and stable cash flow. This well-maintained and very clean property is ideal for investors seeking a low-maintenance, income-generating asset. The building features two 2-bedroom units and two 1-bedroom units, all equipped with in-unit laundry. Tenants pay their own hydro, helping to maximize net income. Sale is not subject to HST, representing a significant financial advantage and improved return on investment. A turnkey investment in a growing community with strong rental demand and long-term potential. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: 604 - Casselman
Lot dimensions: 50 x 150 FT
Bedrooms: 6 above grade
Parking: 5 total
Stories: 2
On market: Mar 23, 2026
Status changed: Apr 25, 2026
Annual tax: $5,799 (2025)
Photos: 30
MLS#: X12908806
Area: CASSELMAN

Features and systems

Parking

No Garage

Basement

Apartment in basementN/A

Appliances

WasherRefrigeratorWater meterDishwasherStoveDryer

Heating

Not knownNot knownElectricOther

Cooling

Window air conditioner

Exterior

Vinyl sidingBrick Facing

Foundation

Concrete

Lot

Carpet FreeSump Pump

Utilities

SewerElectricityCable

Negative cash flow ~$1,294/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.47%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,362

Financing

Down payment$240,000

Loan amount$960,000

Mortgage$4,864/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550

Insurance$80

Maintenance$1,000

CapEx reserve$500

Vacancy loss$300

Estimates 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.

Mortgage estimate

Estimated $4,864/mo at 4.5% with 20% down, 30-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 25, 2026.