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8 N 2 Street W
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Beds
4
Baths
2
Sqft
1,697
Year
1915
Type
Single Family
On market
12d
Built in 1915 and full of character, this 1.5-storey home sits on a generous 0.29-acre corner lot in Magrath, mature trees, good curb appeal, and a fully fenced yard included. Step inside through the covered sunroom at the front entry, a lovely little feature that sets the tone for a home that has clearly been cared for over the years. The main floor offers 3 bedrooms and a full bathroom, complete with an antique vanity and a few era-appropriate touches that are genuinely hard to find anymore. The upper half-storey adds a private bedroom and its own full bathroom, and with the space having been previously suited, it could realistically be split again for extended family or rental income. The full basement runs the length of the home and offers solid storage and potential. Just note it's accessed from outside rather than through the main floor. No garage currently, but there's space on the lot to build attached or detached down the road. A new roof was installed this year, and the mechanical and electrical systems have been updated, so the big-ticket items have been addressed thoughtfully. Out back there's a chicken coop setup that could be freshened up for the hobby farmer in you. A small balcony on the back side of the home and some missing siding are on the to-do list, this one is priced knowing that. But the bones are good, the lot is fantastic, and someone with a vision for a century home is going to love what's here. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 26.50 Ft x 34.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.50 Ft x 9.83 Ft | |
| Bedroom | 8.42 Ft x 9.83 Ft | |
| Bedroom | 8.50 Ft x 9.83 Ft | |
| Kitchen | 14.50 Ft x 10.33 Ft | |
| Living room | 20.25 Ft x 13.67 Ft | |
| Primary Bedroom | 11.42 Ft x 12.83 Ft | |
| Sunroom | 7.50 Ft x 26.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.83 Ft x 7.00 Ft | |
| Bedroom | 12.08 Ft x 11.25 Ft | |
| Family room | 22.58 Ft x 16.92 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
8.23%
Cap rate
6.51%
GRM
10.8
Break-even rent
$2,359
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 Jun 4, 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 Magrath. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.