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7302 - Meadowlands/Crestview, Meadowlands - Crestview and Area
$749,000
Exceptional investment opportunity with strong existing income and a legal Secondary Dwelling Unit (SDU)! Welcome to 104 Viewmount Drive, a well-maintained bungalow situated on an oversized lot in a convenient central location. Currently generating $3,813.06 per month in rental income & with a CAP rate of 5.2%, this turnkey property offers immediate cash flow with excellent long-term upside.The main floor unit features a bright and spacious layout with a large living room highlighted by an oversized picture window, an adjoining dining area with patio doors leading to the backyard deck, and a functional kitchen with ample cabinetry and workspace. Three generously sized bedrooms, a full bathroom, and in-unit laundry complete the upper level.The fully finished lower-level legal SDU offers a separate entrance through a ground-floor mudroom and features an open-concept kitchen, dining and living area, three bedrooms, a full bathroom, and separate laundry. The flexible layout makes this property ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage with rental income. A major benefit for investors is the separate hydro metering, with tenants responsible for their own hydro costs. The upper unit also pays its own natural gas heating, helping keep operating expenses low and maximizing net income.Outside, you'll find a wide driveway, attached garage, attractive curb appeal, and a large lot with ample outdoor space. The oversized lot also presents future development or expansion potential, subject to municipal approvals.Whether you're looking to add a cash-flowing asset to your portfolio, live in one unit while renting the other, or secure a versatile multi-generational property, this property delivers exceptional value. Conveniently located close to schools, parks, shopping, public transit, and everyday amenities.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,215 |
| Lot Size | 114.21 ft x 103.98 ft |
| mls© Number | X13428616 |
| Listed By | ROYAL LEPAGE INTEGRITY REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,834
- Property tax
- $435
- Heat allowance
- $150
- Housing costs
- $4,418 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$136,000
gross annual household income
- Payment at 4%
- $3,152 / mo
- Cash down
- $149,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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