Attention first-time home Buyers and Investors! Welcome to this extensively upgraded and fully developed bi-level home in the heart of Cedarbrae—perfectly set up for multi-generational living or as a turnkey investment property. With the separation of the two units, a legalized secondary suite (2022), two separate mailing addresses, and thoughtful renovations throughout, this home offers flexibility, comfort, and lasting value. The main level features two bedrooms, a full bath, and a spacious, light-filled layout. Enjoy hardwood and tile flooring, a generous foyer, a remodeled kitchen with quartz countertops, and a new laundry area for improved flow. The entire house was freshly painted in 2025, including walls, trim, and ceiling, and the roof was replaced in 2024 for added peace of mind. The legal secondary suite boasts one bedroom, a full bath, and a bright, open-concept family room with an upgraded gas fireplace. The legal suite also features a new kitchen, separate laundry, fresh paint (2025), new flooring (2022), new pot lights (2025), and a newly added window for more natural light. Wired smoke and CO detectors (2022) are installed in both units for enhanced safety, along with updated plumbing and electrical throughout the home. The private backyard is landscaped. It has a big patio and a new fence, added in 2022. The treed backyard comes with a dedicated parking pad for two vehicles per city requirement, plus plenty of street parking. Best of all, you're right across the street from the school, park, baseball diamonds, the community center, and transit—a truly unbeatable location. This property is a faithful mortgage helper and income-generating gem—with the main floor previously rented at $2,000/month and the lower level at $1,500/month. Whether you're looking to live up and rent down, accommodate extended family, or grow your rental portfolio, this cash-flowing Cedarbrae home delivers exceptional value, comfort, and long-term potential. Call today to view!
Data was last updated April 13, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$489,500
Min list price:
$299,900
Max list price:
$835,000
Avg days on market:
28
Min days on market:
2
Max days on market:
47
Avg price per sq.ft.:
$353.66
These statistics are generated based on the current listing's property type
and located in
Cedarbrae. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.