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5107, 5113, 5117 51 Avenue
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Beds
5
Baths
2
Sqft
864
Year
1974
Type
Single Family
On market
204d
Opportunity awaits! Unique situation with one lot which includes 2 homes and has utility connections for 2 additional homes! This opportunity allows you to live in one home while the rent from the second home is paying your mortgage. You could also rent both homes and expand to 4 rental units. If you have been looking for an investment property with a high potential for immediate return with room to expand this could be a great fit! The main home has recently been repainted, the furnace has been refurbished, a new gas hot water tank has been installed, and so much more! This home has an open kitchen and living space with lots of additional storage in the addition. Much of the addition was previously heated and could easily be again with a few modifications. The second home (referred to as a suite in the photos section) offers a slightly different layout perfect for a small family or individual. It's been well kept throughout the years with upgrades to the windows, flooring, roof and more! A large porch has been added for additional storage and there is a nicely set up back deck. The home itself features 2 bedrooms and 1 bath room with an additional bonus space that would work well as a office or second living room. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.83 Ft x 13.08 Ft | |
| Bedroom | 6.75 Ft x 9.83 Ft | |
| Primary Bedroom | 12.58 Ft x 13.08 Ft | |
| Pantry | 11.25 Ft x 9.25 Ft | |
| Eat in kitchen | 11.00 Ft x 13.08 Ft | |
| Bedroom | 6.75 Ft x 9.83 Ft | |
| 4pc Bathroom | 7.17 Ft x 9.83 Ft | |
| Other | 19.58 Ft x 13.92 Ft | |
| Storage | 10.17 Ft x 20.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.33 Ft x 9.67 Ft | |
| 4pc Bathroom | 7.75 Ft x 6.92 Ft | |
| Living room | 16.83 Ft x 13.33 Ft | |
| Bedroom | 13.33 Ft x 11.75 Ft | |
| Eat in kitchen | 9.17 Ft x 13.33 Ft | |
| Bonus Room | 11.92 Ft x 13.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
119.46%
Cap rate
28.76%
GRM
3.0
Break-even rent
$806
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 7, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Berwyn. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.