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224B 5 Avenue
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Strathmore · Single Family · under $325,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Stop paying rent and start building equity.Whether you are searching for your very first home or looking for a smart investment opportunity, this bright and affordable townhome checks all the boxes - especially in a market where rental demand in Strathmore continues to grow.With over 1,000 sq ft of living space and NO monthly condo fees, this is the kind of property buyers and investors have been waiting for.The main floor features an open and functional layout with new laminate flooring, a spacious living room with computer nook, and a well-designed kitchen offering plenty of cabinet and counter space. The dining area opens directly onto your covered balcony and fully fenced private courtyard - perfect for pets, kids, BBQ nights, or simply enjoying your own outdoor space.A newly renovated 2-piece bathroom completes the main level.Downstairs, you will find 2 generous bedrooms, an updated full bathroom, laundry area, and plenty of additional storage space.Located in the heart of Strathmore and just a short walk to Kinsmen Park, this home is close to schools, shopping, restaurants, recreation, and everything the community has to offer. Plus, Calgary is an easy commute away.Affordable. Functional. Move-in ready.Whether you are entering the market, downsizing, or adding to your investment portfolio, this is an opportunity worth seeing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.75 Ft | |
| Bedroom | 14.50 Ft x 9.08 Ft | |
| Laundry room | 5.08 Ft x 7.08 Ft | |
| Primary Bedroom | 14.50 Ft x 9.08 Ft | |
| Furnace | 6.50 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.67 Ft x 4.17 Ft | |
| Dining room | 9.00 Ft x 8.58 Ft | |
| Kitchen | 10.75 Ft x 8.58 Ft | |
| Living room | 20.58 Ft x 10.50 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
1.74%
Cap rate
5.21%
GRM
12.5
Break-even rent
$1,813
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 29, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.