$484,900
Lot 7 723 Terence Bay Road
Beds
2
Baths
2
Sqft
—
Year
1970
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Terence Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This beautifully updated home is truly move-in ready, offering a blend of modern upgrades and versatile living space. Bright and sunny space that has been thoughtfully improved throughout, the property also features a fully equipped in-law suite with its own private entranceideal for extended family, guests, or potential rental income. The suite includes a full bathroom with a relaxing jet tub and stylish finishes such as a butcher block countertop, adding warmth and character. Located directly across the road from deeded access to the water, the setting provides easy access for kayaking and enjoying the outdoors, particularly at high tide. While not suitable for deep anchorage, the waterfront adds a peaceful, scenic backdrop and a unique lifestyle opportunity. Whether youre looking for multi-generational living or simply extra space with added flexibility, this home offers comfort, convenience, and charm in a desirable setting with its mature flowering shrubs and maintenance free perennial gardens. The listing agent is related to the Seller. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- Terence Bay
- Common interest
- Freehold
- Living area
- 1,260 square feet
- Lot size
- 1.01 acres
- Lot dimensions
- 1.0101
- Bedrooms
- 2 above grade, 0 below grade
- Stories
- 1
- On market
- Mar 2, 2026
- Status changed
- Apr 22, 2026
- Photos
- 37
- MLS#
- 202603610
- Area
- TERENCE_BAY
Features and systems
Parking
Appliances
Cooling
Exterior
Flooring
Foundation
Lot
View
Waterfront
Cash on cash
-7.05%
Cap rate
3.45%
GRM
16.7
Break-even rent
$3,025
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.