1 / 16

Investment signal

$398,900

68 Pearce Avenue

Beds

Baths

—

Sqft

—

Year

1975

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

Text about this home Send a message

About this home

Great investment property in the center of the city , high traffic area across from MUNDY POND walking trails and ROPEWALK LANE . Two, two bedroom units , and a one bedroom top floor apt , 4 units total . Main floor unit currently a used furniture store , however this unit has a kitchen and half bath and can be easily converted to a residential unit . Improvements were made on the property over the years by the current owner , all electric heat and tenants pay there own utilities . large parking lot , monthly income $3250 , long term tenants and current owners never increased the rent . 24 hour notice for all viewings , wont last long in this location . (id:65958)

Subtype: Other
Architectural style: 2 Level
Structure: Multi-Family
Common interest: Freehold
Lot dimensions: 80X120
Bedrooms: 0 above grade, 0 below grade
On market: Mar 19, 2026
Status changed: Apr 16, 2026
Annual tax: $2,838 (2025)
Zoning: res/comm
Photos: 16
MLS#: 1295354
Area: ST_JOHNS

Features and systems

Appliances

WasherDryer

Heating

Electric

Exterior

Other

Flooring

LaminateMixed Flooring

Foundation

Concrete

Negative cash flow ~$819/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-12.32%

Cap rate

3.43%

GRM

16.6

Break-even rent

$2,862

Financing

Down payment$79,780

Loan amount$319,120

Mortgage$1,958/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183

Insurance$80

Maintenance$332

CapEx reserve$166

Vacancy loss$100

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,958/mo at 5.49% with 20% down, 25-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 16, 2026.