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4213 42 AV
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Innisfail · Single Family · under $1,425,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Property is 3.26 Acres with proposed and approved rezoning for Hwy Commercial and Multifamily use. Locked gate off of Hwy 2A. Proceed to 4408-44 Street and enter from cul-de-sac. Large 2272 sq.ft home with double garage is ideal living until property is developed. Being the Seller has not lived in the home; it is being sold 'As Is'.1.71 Acres is zoned for Hwy Commercial; and balance of 1.55 Acres is zoned for R-3 Multi-Family. Innisfail town park borders this property; adding to the value for Multi-family development. All permits and plans are included in the Purchase Price. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreation room | — | |
| Playroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 4.88 × 5.67 meters | |
| Dining room | 4.15 × 3 meters | |
| Kitchen | 4 × 4 meters | |
| Breakfast | 4 × 4.6 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 4 × 5.2 meters | |
| Bedroom 2 | 3.7 × 3.02 meters | |
| Bedroom 3 | 2.9 × 3.7 meters | |
| Bedroom 4 | 3.4 × 2.8 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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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
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Commute
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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
-6.42%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,963
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.
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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 Apr 2, 2026.
Location of this listing. Distances are straight-line.
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