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47 Tressa Street
Beds
5
Baths
2
Sqft
1,426
Year
2009
Type
Single Family
On market
143d
Perched up on a hill, this 2009-built home in Swan Hills offers space, light, and solid bones—making it one of the newer builds in town and a great option for buyers looking for room to grow.The main floor is bright and open, with tall ceilings and large windows that flood the space with natural light. Hardwood floors run through the living area and primary bedroom, while the layout flows seamlessly from the kitchen with island and granite countertops, to the dining area, and out onto the covered 12’ x 7’ back deck—ideal for entertaining or quiet evenings outdoors. A front verandah adds another welcoming outdoor space and takes advantage of the elevated setting.There are three generous bedrooms on the main floor, including a primary suite with a 4-piece ensuite featuring a stand-up shower and corner soaker tub. The remaining two bedrooms are comfortably sized and carpeted, with a full 4-piece main bathroom nearby.Downstairs, the basement features 9’ ceilings, two large bedrooms with laminate flooring, and plenty of undeveloped space ready for your vision. Laundry is also conveniently located on the lower level. All interior walls are insulated for sound, adding comfort and privacy throughout the home.The property offers room to build a 24’ x 24’ garage, adding even more value and flexibility. The home does need some touch-ups—some trim, some interior doors, and replacement of the ensuite shower—which is reflected in the price and presents an excellent opportunity to add equity.A solid home with great layout, natural light, and entertaining space—just waiting for the right touch to make it shine. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 3.43 M x 3.29 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| 4pc Bathroom | — | |
| Primary Bedroom | 4.03 M x 3.64 M | |
| Bedroom | 3.63 M x 3.52 M | |
| Bedroom | 3.63 M x 3.57 M | |
| Bedroom | 3.31 M x 5.13 M |
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
107.63%
Cap rate
26.39%
GRM
3.3
Break-even rent
$866
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 May 13, 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 Swan Hills. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.