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New buildInvestment signal

$679,900

707 Kelsey Way

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Beds

—

Baths

—

Sqft

1,800

Year

2025

Type

Multi-family

Suite

Suite potential

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Location nearby

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

About this home

A rare investment opportunity in the Village of Sayward! This versatile property includes three separate units, each thoughtfully designed with a spacious lofted bedroom and large windows showcasing breathtaking mountain views. Tenants are in place and many would love to stay, offering immediate rental income. Ample parking ensures convenience for residents or guests, while the central location across from the school and near RCMP and other public services—makes it highly desirable. Sayward, historically a forest industry town, is increasingly popular for tourism, fishing, and family living, giving this property strong long-term investment potential. Residential/commercial zoning allows both short and long-term rentals plus commercial use, making it a turn-key income property in a growing community with mega potential. You can build out the lot further (to 70% lot coverage) - bring ideas! (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Kelsey Bay/Sayward
Common interest: Freehold
Lot size: 13,068 square feet
Lot dimensions: 13068
On market: Apr 29, 2026
Status changed: Apr 29, 2026
Annual tax: $0
Zoning: Unknown
Photos: 32
MLS#: 1033859
Area: SAYWARD

Features and systems

Heating

Heat PumpBaseboard heatersElectric

Cooling

Wall unit

View

Mountain view

Negative cash flow ~$767/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

-6.77%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,208

Financing

Down payment$135,980

Loan amount$543,920

Mortgage$2,756/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$312

Insurance$80

Maintenance$567

CapEx reserve$283

Vacancy loss$170

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 $2,756/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 29, 2026.