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Reduced $15,900 (5%) from $304,900
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Moosomin · Single Family · under $325,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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708 Ellice STREET
Here's a great option that's move in ready! Income potential with a basement suite to help pay your mortgage. This spacious 1300 square foot home has so many great features. Come on up the side entrance to the covered back deck - the perfect place to sit outside and enjoy the fresh air. Large entry leads to the huge eat-in kitchen with ample cabinetry, hardwood flooring and tons of natural light. Next is the computer nook and across from it, the handy main floor laundry. Large foyer at the front door. Nice sized living room with more gorgeous natural lighting. Two spacious bedrooms share the main 4 piece bath. The basement is set up for a one bedroom income suite with its own 3 pc bathroom, laundry, kitchen, and living room. Good sized storage room with access to the utility space with water heater and newer high efficient furnace. Outside, you're all set for a back up generator with a generac hookup at the meter. 24x24 garage, a 12x24 insulated workshop with gas heater, and a garden shed. Fantastic location and a great neighborhood - easy walking distance to the store, schools and downtown. Contact your agent to view! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 13'4 x 11'1 | |
| 3pc Bathroom | 7'8 x 5'4 | |
| Kitchen | 8'1 x 9'11 | |
| Living room | 11'10 x 12'11 | |
| Bedroom | 13 × 11 feet | |
| Storage | 11 × 11 feet | |
| Other | 12'9 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 13'6 x 18'6 | |
| Enclosed porch | 6'2 x 7'6 | |
| Dining nook | 4'8 | |
| Laundry room | 5'4 x 6'8 | |
| Foyer | 12'6 | |
| Living room | 14'4 x 13'6 | |
| Bedroom | 11'4 | |
| Bedroom | 11'8 x 11'4 | |
| 4pc Bathroom | 8'7 |
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
11.10%
Cap rate
7.08%
GRM
10.0
Break-even rent
$1,837
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 Jun 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.