For Sale

5218 & 5216, 56 Ave, Alberta, Ponoka

4 Beds 2 Bath 1453 Sqft

$325,000

About Property

7.24% Cap rate once new rents are implemented. Unique property with several different options available. Full side by side duplex on 1 title. Each side is a 2 bedroom 1 bathroom. Subdivision Potential: Possibility to subdivide lot to build a single- family home with a secondary suite. Flexible Living and Investment Options: Rent both units for maximum income. Live in one unit and rent the other. Long term tenant in west unit wishes to stay. East unit is available immediately. Upgrades and condition: East unit features a newly renovated kitchen. Both units have large windows throughout for abundant natural light. Property is well maintained and in excellent condition. Accessibility: One level living, ideal for seniors or those with mobility needs. Recent improvements: two new 100-amp electrical panels. LED lighting. Washer, Dryer, hot water tank replaced 3 years ago Comfort and Convenience: West side – Window A/C unit. East side – stationary vented A/C in living room. Laundry room is separate from units and shared by both. Crawl space with concrete floor and individual counterflow furnaces. Commercial-grade torched down membrane roof system topped with aluminized silver reflective coating for durability and heat reflection. Underground power and cable / fibre optics. Tenant and Owner Responsibilities: Owner pays water, sewer, and garbage. Tenant pays gas and electricity. Tenant also takes care of lawn maintenance and snow removal Bonus Income Potential: Detached, insulated, and drywalled two-car garage – rentable separately for additional income or a perk for tenants. Other potential options: Option to add a second floor to house. There is room at front of house to add front driveways.

4 Bedrooms
2 Bathrooms
1453 sq ft
Garage
Built 1953
Active
1 Floor
Interior Details
  • Open Floorplan
Outdoor Details
  • Private Yard
MLS Number
244197924
Price
$325,000

Bedrooms
4
Bathroom
2

Square Footage
1453 sq ft
Property Type
RES

Community Name
Features
Forced Air,Natural Gas, Common Area,Main Level

Parking Space Total
Lot Size
63 x 141 x 67.61 x 163.71
Bathroom Total
2
Bedrooms Total
4

Appliances
Wood Frame
Cooling Type
Wall/Window Unit(s)

Constructed Date
1953
Heating Type
Forced Air,Natural Gas

Pool
Exterior Finish
Attached-Side by Side,Bungalow

Fireplace Present
No
Fireplace Total
0

Flooring Type
Carpet,Vinyl Plank
Foundation Type
Other

Half Bath Total
0
Stories Total
1

Size Interior
1453
Total Finished Area
1453
Spaces

Details
Double Garage Detached,Off Street
LEVEL
TYPE
LENGTH
WIDTH
DIMENSIONS

Mr. Amandeep Budhail

Call Us

+1 (403) 470-3527

Website

https://www.crown-realty.ca

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