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Listed 2 months ago

2024 Othello Avenue

3703 - Elmvale Acres/Urbandale, Elmvale Acres and Area

$875,000

Detached|Bungalow
2 | 2 | 5
About this home

Turnkey, upgraded, and packed with value, welcome to this fabulous 4-bedroom (2+2), 2-bath bungalow in the sought-after Elmvale Acres / Urbandale neighbourhood. Showcasing over $160,000 in renovations, this home delivers the perfect mix of style, function, and income potential. The bright main level features a beautifully updated kitchen with granite countertops, high-end appliances, and hardwood flooring throughout, flowing into a sun-filled sunroom retreat, ideal for year-round enjoyment. Main floor laundry adds everyday convenience. Major updates include roof shingles (2016), energy-efficient windows (2017-2020), renovated bathroom (2019), furnace (2022), and fencing (2019). A rare highlight is the oversized heated double-car garage with inside wheelchair access, offering unmatched versatility. This is perfect to fix your car or store your boat! The fully finished lower level features a vacant in-law suite with private entrance, kitchen, and two bedrooms, perfect for multi-generational living or strong rental income. Ideally located near hospitals, shopping, transit, parks, and everyday amenities, this move-in-ready home is a standout opportunity for families, first-time buyers, and investors alike.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,221
Lot Size62.65 ft x 90 ft
mls© NumberX13579758
Listed ByEXP 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%
$4,479
Property tax
$352
Heat allowance
$150
Housing costs
$4,980 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $175,000
25-yr amortization

Income needed

$153,000

gross annual household income

Payment at 4%
$3,682 / mo
Cash down
$175,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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