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Investment signal

$359,900

424 Third ST S

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Beds

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Baths

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Sqft

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Year

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

About this home

3- 1-bedroom self-contained units. The two main floor units include laundry, 4 separate hydro meters (one common meter $40/month) Electric heat in rental units, tenants pay hydro. Sewer/water paid by owners. $255/month Located within walking distance to downtown+amenities plus many upgrades in recent years. Call today to book an appointment to view today! Rent Unit 1: $1,260 (back unit) Rent Unite 2: $736 (front unit) Rent Unit 3: $736/month 3 hot water tanks: $14.58/month each (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Kenora
On market: Jan 15, 2026
Status changed: Apr 27, 2026
Annual tax: $2,730
Photos: 20
MLS#: TB2600081
Area: KENORA

Features and systems

Parking

Gravel

Basement

Partial

Heating

Forced air

Exterior

Vinyl

Foundation

Stone

Community

Bus Route

Utilities

Natural GasElectricityCableTelephone

Positive cash flow ~$126/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

2.11%

Cap rate

5.29%

GRM

12.5

Break-even rent

$2,267

Financing

Down payment$71,980

Loan amount$287,920

Mortgage$1,459/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$165

Insurance$80

Maintenance$300

CapEx reserve$150

Vacancy loss$120

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 $1,459/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 27, 2026.