We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
313 5 Street
Beds
2
Baths
1
Sqft
915
Year
1930
Type
Single Family
On market
47d
Welcome to 313 5th Street, Irricana. Bungalow Living in a Charming Alberta Town!This sweet 2-bedroom, 1-bathroom bungalow offers 914.54 sq. ft. of comfortable above grade living space. With the partial basement and attic access, you won't run out of storage space. The upgraded vinyl windows and laminate flooring give the home a fresh, move-in-ready feel. The high ceilings and abundance of large windows make this house bright and spacious. The kitchen has a large pantry and upgraded appliances. Washing dishes is always more pleasant with a large window that overlooks the sunny, expansive back yard. A single detached garage and a 9’ x 9’ workshop on a concrete pad in the backyard make this property a dream for hobbyists, tinkerers, or anyone who simply needs extra space to work and store. Carriage house/Garden suite opportunity for this lot. (Subject to municipality approval)But the real story here is the community you’re buying into.Established in 1911, Irricana is a picturesque community located in the heart of Alberta, offering the simple pleasures of family friendly small town living. Situated approximately 53 kilometres northeast of Calgary, 40 km to CrossIron Mills and a 30 km drive to Airdrie shopping, it strikes that perfect balance between peaceful retreat and city accessibility.Irricana is home to historical buildings, colourful murals by local artists, neighbourhood parks and playgrounds, soccer fields, and a curling rink. There’s something for everyone. The Lions Centennial Park, built by over 100 community volunteers, features a one of a kind grain elevator play park that pays homage to the town’s rich agricultural roots. For history lovers, the beloved Pioneer Acres of Alberta Museum is just minutes away.This is a community where neighbours still know each other’s names and at this price point, it’s one of the most affordable ways to plant roots in the Calgary Metropolitan Region. Small town charm, real value and a place to truly call home. ..opportunities like this don't come around twice! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.17 Ft x 15.17 Ft | |
| Kitchen | 6.67 Ft x 9.08 Ft | |
| Dining room | 8.17 Ft x 9.58 Ft | |
| Breakfast | 7.67 Ft x 9.08 Ft | |
| Primary Bedroom | 9.42 Ft x 9.92 Ft | |
| Bedroom | 9.50 Ft x 10.17 Ft | |
| Foyer | 6.67 Ft x 8.92 Ft | |
| Laundry room | 6.08 Ft x 9.42 Ft | |
| 4pc Bathroom | 5.75 Ft x 9.50 Ft | |
| Other | 3.67 Ft x 16.00 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
5.39%
Cap rate
5.94%
GRM
11.4
Break-even rent
$1,655
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Irricana. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.