$149,000
707 Railway AVENUE
Beds
4
Baths
3
Sqft
—
Year
1915
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Neudorf. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This 1½ storey multifamily property offers over 1,400 sq ft of living space divided into 3 separate suites, making it a great option for revenue, multi-generational living, or owner-occupied rental potential. Originally built in 1915, the home carries a bit of local history and character, with updates completed over time to add comfort and convenience, including the most extensive renovations completed in 2018. The layout includes a 2-bedroom main floor suite, a main floor studio suite, and an upper-level 2-bedroom suite. Each suite includes its own fridge and stove, and both 2-bedroom suites also offer laundry hookups with a washer and dryer included for added convenience. Important updates over the years include windows, exterior improvements, and electrical upgrades. Each level has its own 200-amp service panel, offering added flexibility and functionality. The upper-level suite is heated with electric heat, while the main floor is serviced by a natural gas forced-air furnace. The upper suite features its own private balcony entrance, while the main level offers easy access to the yard and outdoor spaces. The basement provides excellent storage space for seasonal items, supplies, and extras. Situated on a 104 x 130 lot, the outdoor space includes a deck, fire pit area, 3 storage sheds, a partially fenced yard, and gravel parking with room for multiple vehicles. This is a practical property with income potential and a bit of history woven into its story. Whether you are looking to expand your rental portfolio, accommodate family in separate living spaces, or live in one suite while renting the others, the layout and updates provide plenty of options yet leave room for you to add your own touch. (id:65958)
- Subtype
- Single Family
- Architectural style
- 2 Level
- Structure
- Triplex
- Common interest
- Freehold
- Living area
- 2,462 square feet
- Lot size
- 13,520 square feet
- Lot dimensions
- 13520.00
- Stories
- 2
- On market
- Aug 19, 2025
- Status changed
- Apr 22, 2026
- Annual tax
- $2,618 (2025)
- Photos
- 20
- MLS#
- SK016018
- Area
- NEUDORF
Features and systems
Parking
Basement
Appliances
Heating
Lot
Cash on cash
73.15%
Cap rate
19.49%
GRM
4.3
Break-even rent
$988
Financing
Operating expenses (monthly)
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
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.