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2205 Morninglory Dr 1,784 SF Specialty Building Offered at $716,911 CAD at a 4.52% Cap Rate in Sparks, NV 89434



Executive Summary
INVESTOR ALERT - Fully occupied residential income opportunity available,- TENANT IS IN A LEASE UNTIL 1/2027. TENANT WOULD LIKE TO STAY IN THE PROPERTY - walk into instant income! Welcome home to this beautifully updated Sparks property offering comfort, charm, and investment potential all in one. Recent improvements include newer interior and exterior paint, newer roof shingles, newer windows with a lifetime warranty, and new kitchen flooring. The neutral color palette throughout creates a warm and inviting atmosphere while giving you the perfect blank canvas to customize and make it your own. The thoughtful floor plan features a formal living room with a cozy wood-burning fireplace and a beautiful bay window overlooking the backyard, allowing for plenty of natural light. The kitchen and living spaces flow comfortably for everyday living and entertaining alike. Spacious bedrooms and functional living areas provide flexibility and comfort for occupants and guests. Step outside to enjoy the backyard space with room for relaxing, gardening, or entertaining. Conveniently located near shopping, dining, schools, parks, and freeway access, this home offers both convenience and long-term value. Whether you are looking to expand your investment portfolio or secure a home with reliable rental income already in place, this property is an excellent opportunity you won't want to miss!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $716,911 CAD | Building Class | C |
| Price Per SF | $401.86 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,784 SF |
| Cap Rate | 4.52% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1990 |
| Property Type | Specialty | ||
| Zoning | MF-2/PUD - Single Family Home - PD | ||
| Price | $716,911 CAD |
| Price Per SF | $401.86 CAD |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,784 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | MF-2/PUD - Single Family Home - PD |
Amenities
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 036-621-03 | Total Assessment | $113,323 CAD (2026) |
| Land Assessment | $48,278 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $65,045 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
036-621-03
Land Assessment
$48,278 CAD (2026)
Improvements Assessment
$65,045 CAD (2026)
Total Assessment
$113,323 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2205 Morninglory Dr
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