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.
208, 4501 51 Street
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
1
Baths
1
Sqft
706
Year
1972
Type
Single Family
On market
21d
Welcome to Madison Arms in central Leduc. This one bed, one bath condo features 706 square feet of living space. Located near Linsford Park School, Leduc Public Library and the Leduc Spray Park, this centrally located condo is in a bustling area with plenty of amenities. The condo sits on the second floor with a west facing view off the spacious balcony. The galley kitchen features plenty of cupboard and counter space with a cute dining area. A great feature of the home is the cavernous living room. The home is complete with a large primary bedroom, four-piece bath and a small storage room perfect for an apartment sized freezer or pantry. Affordably priced and in a wonderful location, this condo would make for a great starter home or investment property! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.25 Ft x 20.92 Ft | |
| Eat in kitchen | 14.58 Ft x 8.58 Ft | |
| Primary Bedroom | 11.17 Ft x 12.75 Ft | |
| Storage | 8.42 Ft x 4.42 Ft | |
| 4pc Bathroom | .00 Ft x .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
36.86%
Cap rate
12.24%
GRM
6.3
Break-even rent
$721
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 May 18, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Leduc. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.