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Investment signal

$649,900

756 LAVAL STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Once a single-family home, this fully converted and permitted up/down duplex in the heart of Casselman is a turnkey income-generating asset - generating $3,750/month in gross rental income with both tenants paying their own utilities. Upper Unit: 2 bed / 1 bath with separate entrance and dedicated outdoor space. Tenant planning to vacate end of term - a rare opportunity to owner-occupy or select your own tenant at current rent. Lower Unit: 2 bed / 1 bath with separate entrance and dedicated outdoor space. Fixed-term lease in place, providing immediate stable income. Three on-site parking spots. Fully permitted conversion.Located in the growing community of Casselman, just 35 minutes from Ottawa and minutes from Highway 417. Close to local schools, shops, and all essential amenities. This property cashflows. Whether you're an investor looking to add a clean, permitted, cash-generating asset to your portfolio - or a savvy buyer ready to have their investment work for them from day one - this one checks the boxes. Photos taken prior to tenants occupying units. Full income and expense details available. Reach out to book your showing. (id:65958)

Subtype: Multi-family
Architectural style: Raised bungalow
Structure: Duplex
Community: 604 - Casselman
Lot dimensions: 131.3 x 50 FT
Bedrooms: 2 above grade, 2 below grade
Parking: 3 total
Stories: 1
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $4,825 (2025)
Zoning: R2
Photos: 31
MLS#: X13005266
Area: CASSELMAN

Features and systems

Parking

No Garage

Basement

Apartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerWater Heater

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Cooling

Central air conditioning

Exterior

ConcreteVinyl siding

Foundation

Poured Concrete

Lot

Sump Pump

Utilities

SewerElectricityCable

Security

Smoke Detectors

Negative cash flow ~$1,292/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.93%

Cap rate

3.50%

GRM

16.7

Break-even rent

$4,610

Financing

Down payment$129,980

Loan amount$519,920

Mortgage$3,190/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$298

Insurance$80

Maintenance$542

CapEx reserve$271

Vacancy loss$163

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $3,190/mo at 5.49% with 20% down, 25-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 16, 2026.