1 / 42

Investment signal

$525,000

9 Second Avenue

Save this home

Beds

—

Baths

—

Sqft

—

Year

—

Type

Other

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

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

About this home

Excellent investment opportunity in Levack! This 5-plex offers strong, consistent cash flow, making it an ideal addition to any real estate portfolio. The property features five self-contained residential units, appealing to a wide range of tenants and supporting stable occupancy. Being sold together with a commercial space, this mixed-use component adds additional income potential and flexibility for investors. Also included are two parcels of land, presenting exciting opportunities for future development, expansion, or long-term land holding. Whether you’re looking to increase density, build additional units, or secure extra land value, the possibilities are significant. This turnkey investment combines immediate income with future upside — a rare opportunity for both seasoned investors and those looking to enter the multi-family market. (id:65958)

Subtype: Other
Common interest: Freehold
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Zoning: R2-2
Photos: 42
MLS#: 2127240
Area: LEVACK

Features and systems

Parking

Parking Space(s)

Heating

Baseboard heatersBoiler

Foundation

Block

Negative cash flow ~$611/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

-6.99%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,268

Financing

Down payment$105,000

Loan amount$420,000

Mortgage$2,128/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$241

Insurance$80

Maintenance$438

CapEx reserve$219

Vacancy loss$131

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 $2,128/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 22, 2026.