1088 Checkers Road, Belair Park - Copeland Park and Area

$689,900
1088 Checkers Road

$689,900

New
45d
Detached2-Storey

1088 Checkers Road, Belair Park - Copeland Park and Area

Total Monthly Obligation $3,631

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
45d
Score
19
Yield
5.0%
Cash on Cash
-3.5%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Detached
MLS® Number-X13756182
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-38 × 118.14 ft
Listed on site-Sep 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,679.06 (2026)
Parking-4 - Carport
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-5401 - Bel Air Park
Title-Residential Freehold

No agent assigned

In centrally located Bel-Air Park, this solid and well-built home on Checkers checks the boxes for buyers looking to get into the market and build some sweat equity over time. We love the location. Walk to nearby parks for community events, winter skating and plenty of neighbourhood fun. Once construction is complete, the LRT will be a quick walk away, while easy access to the Queensway and a beautiful tree-lined bike path make getting around the city a breeze. Inside, the generously sized living room features a large bay window and wood-burning fireplace. The dining room has handy built-in storage, while the kitchen is basic but functional and overlooks the expansive backyard. Upstairs are three good-sized bedrooms, including two with windows on two sides that let in terrific natural light. The main bathroom has been updated while keeping its original vintage tile in great condition. Those who appreciate a little retro charm will love the classic pattern and sweet colour scheme. Downstairs, you will find laundry, a three-piece bathroom, a small kitchenette and additional living space. It offers great flexibility for an extended family setup or the potential to explore a future secondary income suite with the required changes and approvals. The backyard is incredibly private and feels like your own private park. A large shed offers terrific storage, and the attached carport keeps snow and ice off the car in the winter. With parks, shopping, transit and connections across the city all close at hand, this is an easy place to put down roots and a great opportunity to make a solid home your own.

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

Closing Costs

Mortgage Amount
$551,920
Land Transfer Taxes$10,273
Legal Fees (Est.)
$
Total cash required for closing$149,753

Total Monthly Obligation

$3,631/mo
Mortgage $2,783
Monthly Loss $2,899
Principal$732
Interest$2,051
Property Tax$473
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
15.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,692/yr
NOI
$21,044/yr
Net Cash Flow
-$1,029/mo
Cash Margin
-35.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
23.0/ 100

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

Comparables

Properties near 1088 Checkers Road

Time

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