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Investment signal

$299,000

5 Belding Street

Save this home

Beds

6

Baths

2

Sqft

Year

2024

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Welcome home to 5 Belding Street! This 2-year-old raised bungalow offers modern living with incredible versatility (foundation is older than 2 years). Featuring a rear split entry, this home boasts 3 bedrooms on the main level and 3 additional bedrooms on the lower level, along with 2 full bathrooms and 2 kitchensideal for multi-family living or potential income from a basement suite. The main level showcases a bright open-concept kitchen/living layout with vaulted ceilings, creating a warm and spacious feel, along with a functional split-bedroom design placing the primary bedroom and bath on one end and two additional bedrooms on the other. The lower level offers a similar layout, providing excellent flexibility for extended family or tenants. Heating is provided by two ductless mini splits with electric baseboard backup for year-round comfort. Included in the sale are fridge, stove, dishwasher, washer, dryer, and a 10x12 storage shed, helping reduce upfront costs. Septic system was newly installed two years ago at the time of construction. Home was newly constructed on the existing foundation from a previous build that was lost to fire; the foundation itself was not damaged. The existing well features a newer submersible pump. Call today to book your private viewing! (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow, Split entry bungalow
Structure
House
Common interest
Freehold
Living area
2,000 square feet
Lot size
1,451 square meters
Lot dimensions
1451
Bedrooms
3 above grade, 3 below grade
On market
Mar 30, 2026
Status changed
Apr 15, 2026
Annual tax
$2,870.14
Photos
24
MLS#
NB136083
Area
LOWER_NEWCASTLE

Features and systems

Heating

Heat PumpBaseboard heatersElectric

Cooling

Heat Pump

Exterior

Vinyl

Flooring

OtherVinyl

Foundation

Concrete

Lot

Balcony/Deck/Patio
Positive cash flow ~$1,332/mo at these assumptions

Cash on cash

26.73%

Cap rate

10.21%

GRM

7.6

Break-even rent

$1,898

Financing

Down payment$59,800
Loan amount$239,200
Mortgage$1,212/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$137
Insurance$80
Maintenance$249
CapEx reserve$125
Vacancy loss$165

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 $1,212/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 15, 2026.

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