



Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$449,900
Renfrew
85 Renfrew Avenue West, Renfrew, Ontario, K7V2Y3
This 4-bedroom, 3-bathroom home in Renfrew is for sale offering roughly 2,250 sq ft of space. Listed at $449,900, it is attractively priced about 6% below the $479,000 median asking price in Renfrew. It has been on the market 62 days, fresher than the Renfrew average of 111 days.
Opportunity, Location & Income Potential in the Heart of Downtown Renfrew. Looking for an affordable way to get into the market with the potential to offset your costs? This unique property offers an exciting opportunity for a savvy buyer, investor or entrepreneur looking to combine business, home and income all in one great downtown location. This property is within easy walking distance of downtown shops, restaurants, services and amenities. The building offers a flexible layout with two separate 2-bedroom apartments, plus an office space with a charming three-season sunroom-creating plenty of possibilities for a live/work setup or investment property. Imagine running your own business from the office space while living in one of the apartments and generating additional rental income from the second. Alternatively, investors may see potential to maximize the property's income-producing possibilities. The home retains much of its original character and finishes, making this a property for someone who appreciates older homes and is ready to bring their own ideas, improvements and vision. The property has great curb appeal and is set on a beautiful town lot. Bring your vision and explore the possibilities! 48 hours irrevocable on all offers. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 111 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This 4-bed single family in Renfrew has been listed for 62 days, which is 49 days fresher than the city average of 111. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $449,900, about 6.4× the local median household income of $70,000.
Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7V)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.