1255 Evans Boulevard N, Alta Vista and Area

$849,900
1255 Evans Boulevard N

$849,900

Price Change
165d
DetachedBungalow

1255 Evans Boulevard N, Alta Vista and Area

Total Monthly Obligation $4,230

HausQ Valuation Report
Beds
5
Baths
2
Park
4
Sqft
1500-2000
DOM
165d
Score
26
Yield
6.5%
Cash on Cash
4.4%
Cap Rate
5.5%
5Y IRR
19.1%
10Y IRR
17.5%
Property Type-Detached
MLS® Number-X13110248
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 138.51 ft
Listed on site-May 11, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,117.52 (2025)
Parking-5 - Detached
Basement-Separate Entrance
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate/tbd
Neighbourhood-3605 - Alta Vista
Title-Residential Freehold

No agent assigned

Redevelopment opportunity in a prime location! Don't miss your chance to own this spacious 5-bedroom, 2-bath bungalow situated on a large 50 x 138.5 ft lot. Featuring a separate basement entrance with an in-law suite, this property offers excellent income potential and endless possibilities for investors, builders, or families looking to customize their dream home. Conveniently located close to amenities, transit, schools, and more. A rare opportunity with tremendous upside! The owners have already completed the architectural design, grading plan, mechanical plan, structural plan, survey, and asbestos reports for the property. The proposed development is a single home with two additional dwelling units (3 units total), consisting of:Second Floor: 3 bedrooms and 2 full bathroomsMain Floor: 3 bedrooms and 2 full bathroomsBasement Unit: 2 bedrooms and 1 full bathroom. The architectural design is available upon request. The house is currently vacant, allowing a purchaser to immediately begin interior renovations.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,230/mo
Mortgage $3,428
Monthly Loss $3,328
Principal$902
Interest$2,526
Property Tax$426
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%35
Cash-on-Cash
-0.5%7
5-Year IRR
15.2%72
10-Year IRR
14.7%
Returns Index
38.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$55,320/yr
NOI
$40,170/yr
Net Cash Flow
-$81/mo
Cash Margin
-1.8%3
Cash Flow Index
3.4/ 100
Risk Profile
Weight: 20%
DSCR
0.9825
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
26.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1255 Evans Boulevard N

Time

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Data last updated within the past 24 hours.