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Investment signal

$624,900

8 SUMMERSET PLACE

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

2 Unit home (Duplex) on a massive in town property 82.30 ft x 164.99 ft/ 0.31 acres in a very nice Angus neighborhood across from retail. Each unit has its own entrance and electrical panel so tenants pay their own hydro. Both units are above grade, bright and spacious with 2 bedrooms & 1 full bath. Units are tenanted so they require 24 hour notice to tenants for showings so please book your viewing with that in mind. Note: This property is beside 190 and 192 Mill Street which are also available for sale making it even more interesting for future development considerations. (id:65958)

Subtype: Multi-family
Architectural style: Bungalow
Structure: Duplex
Community: Angus
Lot dimensions: 82 x 164 FT
Bedrooms: 2 above grade, 2 below grade
Parking: 5 total
Stories: 1
On market: Jan 29, 2025
Status changed: Apr 14, 2026
Annual tax: $1,121
Zoning: R1
Photos: 29
MLS#: N11945884
Area: ESSA_(ANGUS)

Features and systems

Parking

Carport

Basement

None

Appliances

RefrigeratorStoveWater Heater

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

Concrete

Negative cash flow ~$712/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

-6.83%

Cap rate

3.50%

GRM

16.7

Break-even rent

$3,874

Financing

Down payment$124,980

Loan amount$499,920

Mortgage$2,533/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$286

Insurance$80

Maintenance$521

CapEx reserve$260

Vacancy loss$156

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 $2,533/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 14, 2026.