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4517 54 AV
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Wetaskiwin · Single Family · under $225,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Your search for the perfect first home or investment opportunity ends here! Situated on a beautifully treed, landscaped lot in Wetaskiwin's established Recside neighbourhood, this charming 1.5-storey home offers comfort, character, and exceptional value. The main floor features a functional layout with a spacious living room, dining area accented by elegant wainscoting, a full bathroom, and stylish hardwood and vinyl plank flooring. Upstairs, the loft level offers a spacious bedroom and versatile bonus area, perfect for a home office, hobby space, or cozy lounge. The fully finished basement provides even more living space with a second bedroom, a 3pc bathroom, and a renovated family room. Recent updates include a new washer, dryer, and refrigerator, while the insulated detached garage adds year-round convenience. Outside, enjoy the fully fenced backyard with mature trees, a private patio, and plenty of room to relax or entertain. Located close to parks, playgrounds, schools, and shopping! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | — | |
| Bedroom 2 | — | |
| Laundry room | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 3.59 × 4.16 meters | |
| Dining room | 2.74 × 2.55 meters | |
| Kitchen | 3.61 × 3.41 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | — | |
| Bonus Room | 4.56 × 9.27 meters |
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
19.90%
Cap rate
8.84%
GRM
8.3
Break-even rent
$1,237
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 Jul 6, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.