$299,000

1224 Walker STREET, Swift Current, Saskatchewan, S9H 1H2

QuickQuote^TM: $302K - $361K

MLS® # SK987123

5 Beds

3 Baths

Property Information:

Step into your own urban oasis with this spacious property that seamlessly blends country charm with city convenience! Backing to green space and the Swift Current Creek, this bungalow boasts 1,264 square feet of living space on the main level. The main floor features 3 bedrooms, 1.5 baths, a refurbished kitchen and a cozy sunken living room with a gas fireplace. The adjacent dining area leads to a delightful 10 x 20 enclosed 3 season sunroom facing south, perfect for soaking up the sun. Heading downstairs, you'll find 2 additional bedrooms, a full bath, a versatile rec room, and a family room - the ultimate entertainment hub for family and friends. Step outside to discover a generous patio, ground-level deck, and a private backyard with no rear neighbours, offering a serene retreat for outdoor enjoyment. The Swift Current creek is just steps away. For the handyman or hobbyist, the property includes a heated 14 x 22 garage/shop - an ideal space for projects and storage. Additional features include a double attached garage, central air, underground sprinklers, 4 kitchen appliances, dryer, and a recently replaced washing machine. HWH 2023. Ideally located in the sought-after northeast neighborhood, close to the Innovation I-Plex, Chinook Pathway, Community Gardens, parks, and more, this home provides the perfect setting for raising a family in a peaceful and vibrant community. Don't miss out on this opportunity to call this property home! (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Raised bungalow
Basement Development: Finished
Basement Type: Full
Fireplace Fuel: Gas
Fireplace Type: Conventional
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Window Coverings, Garage door opener remote, Storage Shed, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5
Bathrooms: 3
Built in: 1977
Features: Treed, Double width or more driveway
Fence Type: Partially fenced
Landscape Features: Lawn, Underground sprinkler
Lot Frontage: 50.0 Feet
Lot Size: 6250.00 Square Feet
Structure Type: Deck, Patio(s)
Parking Type: Attached garage, Parking Spaces
No. of Parking Spaces: 4

Rooms:

Family Basement Level 6.35 m x 3.76 m
Laundry Basement Level 6.30 m x 1.88 m
Bedroom Basement Level 2.92 m x 3.00 m
Bedroom Basement Level 2.92 m x 3.15 m
Bathroom Basement Level 2.03 m x 1.52 m
Games Basement Level 5.28 m x 3.66 m
Foyer Main Level 3.96 m x 1.14 m
Kitchen Main Level 3.96 m x 2.74 m
Dining Main Level 4.14 m x 2.62 m
Living Main Level 5.18 m x 3.96 m
Bathroom Main Level 1.50 m x 1.22 m
Bathroom Main Level 2.11 m x 1.80 m
Primary Bedroom Main Level 4.42 m x 3.51 m
Bedroom Main Level 3.35 m x 2.49 m
Bedroom Main Level 3.35 m x 2.57 m
Sun Room Main Level 6.05 m x 2.95 m

Convert Measurement to:

Courtesy of: eXp Realty

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Potential Investment Performance

Cumulative ROI

26.8%

Cumulative Market Appreciation

-$6,960

Net Operating Income in Year 5

$17,842

Cash on Cash Return in Year 5

3.4%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$59,800
Mortgage Amount	$239,200
Mortgage Payment %	$1,241

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,819

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$517
Net Operating Income	$1,301

Debt Service
Mortgage Payment	$1,241

Net Cash Flow	$60

Cap Rate

5.22%

Acquistion Costs

Down Payment $59,800

Land Transfer Tax $870

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $62,670

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$59,800	-	-	-	-	-	-	-	-	-
Closing Costs	$2,870	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,721	$3,900	$4,088	$4,284	$4,490	$4,706	$4,932	$5,169	$5,418	$5,678
Total	$66,391	$3,900	$4,088	$4,284	$4,490	$4,706	$4,932	$5,169	$5,418	$5,678
Cash Invested	$66,391	$70,292	$74,380	$78,664	$83,155	$87,861	$92,794	$97,963	$103,381	$109,060

Rental Cash Flows
Rent and other income	$21,828	$22,483	$23,157	$23,852	$24,568	$25,305	$26,064	$26,846	$27,651	$28,481
Operating Expenses	-$6,213	-$6,366	-$6,524	-$6,685	-$6,851	-$7,021	-$7,195	-$7,374	-$7,558	-$7,746
Mortgage Payment	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893	-$14,893
Net Cash Flow	$721	$1,223	$1,740	$2,273	$2,823	$3,390	$3,975	$4,578	$5,200	$5,841

Returns
Property Price Appreciation	-$1,405	-$1,398	-$1,392	-$1,385	-$1,379	-$1,372	-$1,366	-$1,359	-$1,353	-$1,346
Mortgage Paydown	$3,721	$3,900	$4,088	$4,284	$4,490	$4,706	$4,932	$5,169	$5,418	$5,678
Net Cash Flow	$721	$1,223	$1,740	$2,273	$2,823	$3,390	$3,975	$4,578	$5,200	$5,841
Total Return	$3,038	$3,724	$4,436	$5,172	$5,934	$6,723	$7,541	$8,388	$9,264	$10,172
Cumulative Return	$3,038	$6,763	$11,199	$16,371	$22,305	$29,029	$36,571	$44,959	$54,223	$64,396

Investment Metrics
Cumulative ROI	4.6%	9.6%	15.1%	20.8%	26.8%	33.0%	39.4%	45.9%	52.5%	59.0%
Cash On Cash	1.1%	1.7%	2.3%	2.9%	3.4%	3.9%	4.3%	4.7%	5.0%	5.4%