485 SIDNEY STREET
Central Lakes · K8P2H2
$449,900
About this residence
ATTENTION INVESTORS AND DEVELOPERS!!!! Prime 6-Unit Infill Development Opportunity! Exceptional opportunity to develop a 6-unit multi-residential building in a high demand, established neighbourhood. This property offers the ideal combination of location, approval readiness, and investment potential. A minor variance has been approved by the City, allowing for a 3.5-metre side yard setback, maximizing the buildable envelope and streamlining the path to construction. The approved building envelope is attached, providing a clear framework for design and permitting. Currently rented for $2,250 per month, the property carries itself while you complete design and permitting, making it an excellent buy-and-hold development opportunity. Investors and developers can also take advantage of the CMHC MLI Select program, offering favourable financing terms, higher loan to value ratios, and extended amortizations for qualifying projects. Situated in a prime infill location close to amenities, schools, and transit, this site presents an outstanding opportunity to deliver modern, efficient housing in a thriving community. Build your next profitable multi-unit project with confidence! All the groundwork has already been done for you! *** 3 Bedrooms missing in the iguide due to tenants*** (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 4 (4 above)
- Bathrooms
- 2 (1 half)
- Storeys
- 2
- Living area
- 700–1,100 sq ft
- Lot size
- 74.2 x 150.2 FT
- Frontage
- 74.2 feet
- Parking
- 5 spaces
- Fireplace
- Yes
- Annual tax
- $3,361
- MLS®
- X12517028
- Board
- Central Lakes
- Status
- Inactive
- Listed
- Nov 6, 2025
- Updated
- Nov 11, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 3.25 × 3.88 m |
| Dining room | Main level | 5.84 × 3.7 m |
| Living room | Main level | 3.94 × 5.75 m |
| Primary Bedroom | Second level | 3.47 × 3.89 m |
| Bedroom | Second level | 3.52 × 3.27 m |
Features & finishes
Flooring
- Laminate
Heating
- Radiant heat
- Natural gas
Basement
- Unfinished
Exterior
- Stucco
Foundation
- Stone
Parking
- No Garage
Lot
- Level lot
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
Financing
Estimated monthly payment
$2,104/mo
Loan amount
$359,920
Down payment
$89,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K8P- 23,166
- Population
- 44
- Median age
- $64,500
- Median income
- $400,000
- Median home value
- 52%
- Home ownership
- 19 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 485 SIDNEY STREET?
485 SIDNEY STREET is listed for $449,900, in Central Lakes.
How many bedrooms and bathrooms does 485 SIDNEY STREET have?
It offers 4 bedrooms and 2 bathrooms (including 1 half-bath).
What type of home is 485 SIDNEY STREET?
485 SIDNEY STREET is a Single Family, House set over 2 storeys.
How large is 485 SIDNEY STREET?
The home offers approximately 700–1,100 sq ft of living space on a lot measuring 74.2 x 150.2 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,104. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,361 per year.
Is there parking?
Yes — 485 SIDNEY STREET includes 5 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 23,166, a median age of 44, a 52% home-ownership rate, with an average commute of about 19 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $400,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $64,500.
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