Investment signal

$1,375,000

7707 118 STREET

Beds

2

Baths

1

Sqft

Year

1957

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Discover unbeatable value and opportunity with this well-kept rancher set on a sprawling 11,000 sq. ft. (approx.) lot. Whether you're seeking a comfortable family home or looking ahead to future development, this property delivers. Enjoy serene living today with room to grow tomorrow-explore the potential to build a duplex with a suite (check with the city for details). A rare find investment and long-term upside! Perfect for builders, investors, or those dreaming of their next chapter!!! (id:65958)

Subtype
Single Family
Architectural style
Ranch
Structure
House
Common interest
Freehold
Living area
792 square feet
Lot size
10,956 square feet
Lot dimensions
10956
On market
Mar 18, 2026
Status changed
Apr 14, 2026
Annual tax
$5,303.71 (2024)
Photos
1
MLS#
R3101383
Area
DELTA

Features and systems

Parking

Garage

Basement

NoneUnknownUnknown

Appliances

WasherRefrigeratorRangeDryer

Heating

Natural gas

Utilities

WaterElectricity
Negative cash flow ~$2,646/mo at these assumptions

Cash on cash

-11.55%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,660

Financing

Down payment$275,000
Loan amount$1,100,000
Mortgage$6,748/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$630
Insurance$80
Maintenance$1,146
CapEx reserve$573
Vacancy loss$344

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 Delta. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,748/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 14, 2026.

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