Discover an exceptional investment opportunity in a highly desirable and convenient location! This well-maintained property offers strong positive cash flow and incredible versatility for both investors and homeowners alike.
The bright and spacious main floor features three generous bedrooms plus a flexible den—perfect as a fourth bedroom or home office. Enjoy a functional kitchen with ample cabinetry and a full four-piece bathroom complete with a relaxing jetted tub.
The fully developed basement includes a self-contained three-bedroom illegal suite with its own kitchen and four-piece bathroom, ideal for extended family or generating consistent rental income.
Recent upgrades, including a new hot water tank and updated closet doors, add to the home’s overall value and appeal.
Step outside to a private backyard with no rear neighbours, offering added peace and privacy. Additional highlights include RV parking, abundant street parking, and a storage shed already generating steady monthly income.
Perfectly located close to schools, parks, shopping, and public transit, this property is a smart choice for investors seeking solid returns or first-time buyers looking to offset mortgage costs.
Current rents include: Main Floor tenant pays $2,230 plus 60% utilities, Basement is currently vacant and will be rented by end of the month. Previous basement was rented for $1,940 plus 40% utilities, and the storage shed was previously rented for $240 per month.
A rare opportunity combining cash flow, flexibility, and location—this is one you don’t want to miss!
Data was last updated May 5, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$319,995
Min list price:
$189,000
Max list price:
$625,000
Avg days on market:
52
Min days on market:
11
Max days on market:
285
Avg price per sq.ft.:
$300.32
These statistics are generated based on the current listing's property type
and located in
Penbrooke Meadows. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.