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Wainwright · Single Family · under $575,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1206 1 Avenue
Welcome to this spacious and versatile R3-zoned property offering over 2,100 sq. ft. of living space on a generous 75’ x 140’ lot—perfect for families, investors, or those looking for added income potential. Built in 1990, the main level features three large bedrooms, including a primary suite with a 3/4 ensuite, plus a full main bathroom and convenient main floor laundry. The functional layout flows into a bright living area, with a few steps down to an impressive 19’ x 25’ family room—ideal for gatherings, movie nights, or entertaining. Downstairs, you’ll find two additional bedrooms, a 3/4 bathroom, and a cozy sitting area, along with the bonus of a separate 1-bedroom rental income helper complete with its own private entrance—perfect for extended family or mortgage helper income. The attached triple-car garage is a standout feature, fully heated and set up as the ultimate man cave with a 1/2 bath and durable epoxy flooring—ideal for projects, storage, or year-round use. Outside, enjoy a fully fenced yard designed for relaxation and fun, featuring an above-ground pool, firepit area, and storage shed. Major updates in 2025 include new sewer and water lines, along with fresh front and side grass—adding peace of mind and curb appeal. This property offers space, flexibility, and value in one complete package—don’t miss your opportunity to make it yours! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 11.00 Ft | |
| Bedroom | 10.00 Ft x 10.00 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Family room | 11.00 Ft x 15.00 Ft | |
| Other | 7.00 Ft x 11.00 Ft | |
| Kitchen | 1.00 Ft x 12.00 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14.00 Ft x 23.00 Ft | |
| Living room | 14.00 Ft x 22.00 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Primary Bedroom | 13.00 Ft x 15.00 Ft | |
| Bedroom | 13.00 Ft x 10.00 Ft | |
| Bedroom | 13.00 Ft x 12.00 Ft | |
| Family room | 19.00 Ft x 25.00 Ft | |
| Dining room | 12.00 Ft x 10.00 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
1.02%
Cap rate
5.07%
GRM
13.0
Break-even rent
$3,208
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 May 4, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.