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Reduced $20,000 (4%) from $560,000
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71 Park Place W
Beds
3
Baths
3 full + 1 half
Sqft
1,643
Year
2002
Type
Single Family
On market
30d
WITH A FEW UPDATES, YOU'LL GET A GREAT RETURN ON INVESTMENT!!! At today's costs, you could not build a home with this square footage, walkout, finished basement & landscaping, for the list price....Welcome to this stunning executive home tucked away in the highly desirable Park Place! Offering over 1,600 sq. ft. on the main floor and walk-out basement, this exceptional property blends timeless elegance with everyday comfort. From the moment you step inside, you’ll appreciate the spacious design, and warm inviting atmosphere throughout.The heart of the home is the gorgeous kitchen featuring heated floors, abundant workspace, and easy access to the upper railed deck — the perfect setting for morning coffee, summer BBQs, or peaceful evening sunsets. The main floor offers a bright office/den, ideal for working from home or a quiet reading retreat.With 3 generous bedrooms and 3 bathrooms, there’s room for the whole family to enjoy. Escape to the palatial primary suite, complete with heated ensuite floors, a relaxing jetted soaker tub, and a stunning glass enclosed walk-in shower designed to feel like your own private spa. Downstairs, the fully developed walk-out basement impresses with soaring ceilings, heated floors, and an enormous family room centered around a cozy gas fireplace — the ultimate space for entertaining or unwinding at the end of the day.Beautifully designed and impeccably maintained, this remarkable home offers the perfect balance of warmth, and family living in one of Brooks’ most sought-after neighborhoods.... IT"S ALL ABOUT THE "ROI" (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 19.25 Ft x 39.92 Ft | |
| Bedroom | 12.08 Ft x 12.50 Ft | |
| Bedroom | 12.00 Ft x 12.25 Ft | |
| 4pc Bathroom | 9.00 Ft x 4.92 Ft | |
| Furnace | 11.75 Ft x 14.25 Ft | |
| Storage | 5.92 Ft x 4.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.00 Ft x 13.42 Ft | |
| Kitchen | 14.58 Ft x 16.92 Ft | |
| Dining room | 9.58 Ft x 16.92 Ft | |
| Office | 14.33 Ft x 10.25 Ft | |
| 2pc Bathroom | 6.08 Ft x 5.08 Ft | |
| Primary Bedroom | 21.50 Ft x 13.08 Ft | |
| Other | 10.17 Ft x 6.83 Ft | |
| 5pc Bathroom | 15.75 Ft x 9.58 Ft |
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
-1.15%
Cap rate
4.63%
GRM
13.8
Break-even rent
$3,359
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brooks. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.