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724 Cypress Lane
Beds
4
Baths
4 full + 1 half
Sqft
1,680
Year
2015
Type
Single Family
On market
27d
Welcome home to this fantastic FULLY FINISHED 2 story home in Springbrook. You will be wowed as soon as you enter the spacious foyer, complete with a huge closet. You can follow the natural sunlight into the large functional kitchen with hi end stainless steel appliances & 2 toned cabinetry & LARGE ISLAND with QUARTZ COUNTERTOP. There is a dining area with a glass sliding door to the west side deck. The living room boasts a TOWERING CEILING, more fantastic windows and a sleek GAS FIREPLACE. A 2 piece bath and a MAIN FLOOR LAUNDRY/ mudroom entrance to the LARGE 24' GARAGE. Upstairs takes you to the primary suite, featuring a large bedroom, OVERSIZE WALKIN CLOSET and luxurious ensuite with SEPARATE SOAKER TUB + SHOWER. There are 2 additional bedrooms that share a 4 piece bath complete with its own huge linen closet. Each is of a good size with good closet space. The family will love the cozy highly efficient FLOOR HEATING in this FULLY FINISHED BASEMENT. There is a family room, a 4th bedroom, a 4 piece bath & finally a rec room + FLEX ROOM that could easily morph into a 5TH BEDROOM if needed. Keeping in balance with the rest of the home the rooms here are spacious and there is loads of storage areas. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.83 Ft x 8.67 Ft | |
| Bedroom | 10.58 Ft x 11.67 Ft | |
| Other | 10.92 Ft x 11.67 Ft | |
| Family room | 13.25 Ft x 14.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 10.08 Ft x 12.08 Ft | |
| Foyer | 7.33 Ft x 11.17 Ft | |
| Kitchen | 9.17 Ft x 12.08 Ft | |
| Laundry room | 8.75 Ft x 9.25 Ft | |
| Living room | 13.42 Ft x 18.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 9.00 Ft | |
| 4pc Bathroom | 9.75 Ft x 11.25 Ft | |
| Primary Bedroom | 13.25 Ft x 13.83 Ft | |
| Bedroom | 11.42 Ft x 13.00 Ft | |
| Bedroom | 9.75 Ft x 12.67 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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
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 May 22, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Springbrook. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.