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Investment signal

$1,699,900

7681 HORNE STREET

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Beds

Baths

Sqft

—

Year

1992

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

** OCP says APARTMENT BUILDING ** This sprawling rancher offers the best of both worlds-a rural oasis nestled within city center limits. Boasting over 3600 sq ft of living space, including a full basement, the property sits on a 1.325-acre lot that provides privacy and imminent potential for development. 4 bedrooms, 3 full baths, and outdoor amenities including a salt water pool and enclosed hot tub. Despite its tranquil setting, this property is conveniently located within walking distance of schools, shopping, and recreational facilities. Designated as Medium Density Multi Family in the official community plan, there is also a potential to subdivide two new building lots. Explore its highest and best use or enjoy as a spacious in-town retreat. Room for mega shop. (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Common interest: Freehold
Living area: 3,650 square feet
Lot size: 57,717 square feet
Lot dimensions: 57717
Parking: 12 total
Fireplace: 1
On market: Apr 22, 2026
Status changed: Apr 23, 2026
Annual tax: $5,050.95 (2023)
Photos: 40
MLS#: R3114061
Area: MISSION

Features and systems

Parking

GarageRV

Basement

FinishedFullUnknown

Appliances

WasherRefrigeratorHot TubDishwasherStoveDryer

Heating

Forced airNatural gas

View

ViewValley viewRavine view

Pool

Outdoor pool

Utilities

WaterNatural GasElectricity

Security

Smoke Detectors

Negative cash flow ~$1,800/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,394

Financing

Down payment$339,980

Loan amount$1,359,920

Mortgage$6,891/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$779

Insurance$80

Maintenance$1,417

CapEx reserve$708

Vacancy loss$425

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

Estimated $6,891/mo at 4.5% with 20% down, 30-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 23, 2026.