2061 Fairbanks Avenue, Alta Vista and Area

$899,000
2061 Fairbanks Avenue

$899,000

Extension
127d
DetachedBungalow

2061 Fairbanks Avenue, Alta Vista and Area

Total Monthly Obligation $4,574

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
127d
Score
17
Yield
4.4%
Cash on Cash
-5.7%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13462794
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-65 × 120 ft
Listed on site-Jun 18, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,868.78 (2026)
Parking-5 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-3606 - Alta Vista/Faircrest Heights
Title-Residential Freehold

No agent assigned

Welcome to 2061 Fairbanks Avenue, in the heart of the Alta Vista community. This 3 bedroom, 2 bathroom property features bright and spacious living areas with generously sized rooms, and a functional floor plan. The kitchen provides ample workspace and storage, while the living and dining areas are perfect for gathering with family and friends. Outside, the backyard offers plenty of space for gardening, or relaxing. Located in a desirable neighborhood close to parks, schools, transit, and everyday amenities, this home delivers exceptional value and an outstanding lifestyle opportunity. Price Reflects Condition. Estate Sale. PROPERTY SOLD AS IS. Fireplace is not WETT Certified. Roof(2025) Garage roof(2025).

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%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,574/mo
Mortgage $3,626
Monthly Loss $3,619
Principal$954
Interest$2,672
Property Tax$572
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,648/yr
NOI
$24,314/yr
Net Cash Flow
-$1,600/mo
Cash Margin
-48.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.0/ 100

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

Comparables

Properties near 2061 Fairbanks Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.