246 MADISON Avenue S

About this home.

Attention Developers and Contractors, Great project on this Large Lot 40 x 244, currently nearly spate ready for 3 – 3 bedroom unit additions under the ADU bylaws, all plans done along with engineering/grading and survey, discounted DC’s (not paid yet), house recently renovated with newer furnace and AC (2022), newer roof 2022, newly painted (2025), new eavestroughs (2025), currently has month to month tenant ready to move when suitable to make way for construction. (id:59491)

The full record.

How this listing prices against Downtown/Rockway/S. Ward.

Downtown/Rockway/S. Ward had only 3 sales but 43 active listings, making it one of the softer markets in the city by supply balance. The average price was $522,000, well below the city average, and homes sold in 13 days at 97.75 percent of list, so the few successful listings moved efficiently. The challenge here is depth of demand rather than pricing on the homes that do sell. This is a neighbourhood where condos heavily shape the overall picture.

Estimate the monthly carry.