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329 2 Avenue NE
Beds
4
Baths
2
Sqft
2,258
Year
1956
Type
Single Family
On market
68d
Where History Meets HeartA truly one-of-a-kind property in Southern Alberta, this former church has been beautifully transformed into a stunning residence that blends timeless character with modern comfort.Offering nearly 5,000 sq. ft. of finished living space, this home is as functional as it is inspiring. Original maple hardwood floors, soaring spaces, and thoughtful updates create a warm, inviting atmosphere throughout. The open-concept main floor is bright and expansive—perfect for everyday living and entertaining.The chef’s kitchen features generous prep space, custom cabinetry, and seamless flow into a sun-filled solarium complete with skylights, in-floor heating, and a hot tub—your private year-round retreat.The fully developed lower level has been professionally reinforced with steel I-beams and offers a spacious, light-filled extension of the home with its own walk-up access.Upstairs, a stunning loft-style space with 12’ ceilings and original oak floors offers incredible flexibility—ideal for a studio, office, or private retreat.Situated on three beautifully landscaped city lots, the outdoor space is a rare in-town sanctuary with mature trees, garden beds, firepit areas, and exceptional privacy.The oversized heated garage (26x28) is complemented by a fully legal, detached one-bedroom suite above, just shy of 800 SQFT, complete with a full bath (tub/shower), in-suite laundry, A/C, and a private balcony overlooking the yard. Perfect for guests, extended family, or rental income.Additional features include a metal roof, ample parking, gated RV space, and a reinforced parking pad.This is more than a home—it’s a rare opportunity to own something truly special (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.83 Ft x 12.75 Ft | |
| Bedroom | 14.08 Ft x 8.58 Ft | |
| Storage | 9.83 Ft x 7.33 Ft | |
| Primary Bedroom | 15.00 Ft x 12.17 Ft | |
| Family room | 29.25 Ft x 19.17 Ft | |
| Dining room | 13.92 Ft x 10.00 Ft | |
| Kitchen | 13.00 Ft x 17.17 Ft | |
| Laundry room | 11.50 Ft x 12.83 Ft | |
| 4pc Bathroom | 18.25 Ft x 7.33 Ft | |
| Sunroom | 29.33 Ft x 16.42 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.83 Ft x 7.08 Ft | |
| Family room | 27.42 Ft x 30.67 Ft | |
| Family room | 24.25 Ft x 20.17 Ft | |
| Bonus Room | 14.58 Ft x 10.00 Ft | |
| 3pc Bathroom | 7.08 Ft x 10.17 Ft | |
| Study | 9.42 Ft x 9.83 Ft | |
| Office | 24.33 Ft x 10.00 Ft | |
| Other | 10.92 Ft x 12.75 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
-1.11%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,027
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.
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 7, 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 Milk River. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.