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Investment signal

$549,500

677 PRINCIPALE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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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

Welcome to 677 Principale Street in Casselman - a beautiful bungalow with LEGAL BASEMENT APARTMENT opportunity in the heart of town! Situated on a generous 49' x 149' lot, this well-located property offers excellent flexibility for investors, multi-generational living, or owner-occupancy with rental income. The main floor unit features 2 bedrooms and 1 full bathroom, with a bright open-concept kitchen and dining area that seamlessly flows into the living space. Large windows throughout provide an abundance of natural light. The recently renovated lower-level unit also offers 2 bedrooms and 1 bathroom, complete with a fully open-concept kitchen, dining, and living area designed for modern living. Both units are entirely self-contained, each with their own kitchen, laundry facilities, and separate living spaces, ensuring privacy and independence. This home with legal basement apartment is zoned GC (General Commercial), allowing for a variety of additional permitted uses - a rare and valuable feature that adds long-term upside and versatility. The expansive backyard offers impressive space and includes a large detached shed for added storage. Ideally located just minutes from Highway 417 (2-3 minute drive) and close to grocery stores, reputable schools, parks, and all of Casselman's amenities, this property combines convenience, income potential, and future flexibility. Basement unit purposely kept vacant to offer buyers flexibility. Book your showing today! (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: 604 - Casselman
Common interest: Freehold
Lot dimensions: 50 x 149.9 FT
Bedrooms: 2 above grade, 2 below grade
Parking: 3 total
Stories: 1
On market: Apr 23, 2026
Status changed: Apr 24, 2026
Annual tax: $3,583.06
Photos: 38
MLS#: X13033890
Area: CASSELMAN

Features and systems

Parking

GarageCarportCovered

Basement

Apartment in basementN/A

Appliances

WasherRefrigeratorWater meterDishwasherStoveOvenDryerHood FanBlindsWater Heater

Heating

Heat PumpBaseboard heatersNot knownElectricElectric

Cooling

Wall unit

Exterior

BrickAluminum siding

Foundation

Block

Lot

Carpet FreeSump Pump

Community

School Bus

Utilities

SewerElectricity

Negative cash flow ~$491/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

-5.36%

Cap rate

3.79%

GRM

15.8

Break-even rent

$3,417

Financing

Down payment$109,900

Loan amount$439,600

Mortgage$2,227/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252

Insurance$80

Maintenance$458

CapEx reserve$229

Vacancy loss$145

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 $2,227/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 24, 2026.