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226 4th AVENUE W
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AN AFFORDABLE 2 BEDROOM BUNGALOW LOCATED IN CANORA SK! Welcome to 226 4TH Avenue West. This property vacant, move in ready and can provide an immediate occupancy! A very functional layout for a smaller home consisting of 676 square feet of living space above grade. This property would be suitable as a great starter home or an investment opportunity for a rental property. Upon entry you will be pleasantly surprised to see a bright fresh interior, updated eat in kitchen, updated 4 piece bath, and 2 cozy bedrooms with built in storage and closets! Also featured in the partial basement an updated high efficiency furnace, water heater, washer/dryer, 100 Amp electrical panel, sump pump installed and additional storage space. The main floor also boasts updated flooring and the kitchen features beautiful updated modern back splash and counter tops. The back yard provides back alley access and plenty of space and large lawn area. This is an all around great opportunity at a great price! Call for more information or to schedule a viewing. Taxes:$1517/year. Lot size: 50' x 120'. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Enclosed porch | 8 × 4 feet | |
| Living room | 11.6 × 13.3 feet | |
| Kitchen/Dining room | 11.3 × 13.3 feet | |
| Bedroom | 9.6 × 11.3 feet | |
| Bedroom | 7.3 × 9.3 feet | |
| 4pc Bathroom | 5 × 5 feet |
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
137.93%
Cap rate
32.45%
GRM
2.6
Break-even rent
$448
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 Jun 21, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.