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Investment signal

$111,200

4824 47 Avenue

Beds

1

Baths

1

Sqft

Year

1930

Location

See the block, not just the house.

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About this home

Cute character home located in Spirit River on large corner lot. Great investment property or starter home. Home has one bedroom and one full bathroom. The gas fireplace in the living room keeps the home cozy throughout. Stackable washer/dryer located on main floor. Updates in the past few years - shingles, flooring, windows, kitchen cabinets and counter tops, sump pump, hot water on demand, some electrical and plumbing. This home is ready and waiting for new owners, call today to schedule a viewing!! (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Common interest
Freehold
Living area
532 square feet
Lot size
7,000 square feet
Lot dimensions
7000.00
Bedrooms
1 above grade, 0 below grade
Parking
4 total
Stories
1
Fireplace
1
On market
Mar 23, 2026
Status changed
Apr 16, 2026
Annual tax
$1,121.37 (2025)
Zoning
RES
Photos
14
MLS#
A2294172
Area
SPIRIT_RIVER

Features and systems

Parking

Parking Pad

Basement

UnfinishedPartial

Appliances

WasherRefrigeratorStoveDryer

Heating

Natural gasOther

Cooling

None

Exterior

Vinyl siding

Flooring

Laminate

Foundation

Poured ConcretePillars & Posts

Lot

Back lanePVC window
Positive cash flow ~$514/mo at these assumptions

Cash on cash

27.75%

Cap rate

11.44%

GRM

6.6

Break-even rent

$859

Financing

Down payment$22,240
Loan amount$88,960
Mortgage$546/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$51
Insurance$80
Maintenance$93
CapEx reserve$46
Vacancy loss$70

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Spirit River. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $546/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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