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.
Swipe through similar matches — tap the heart to save, or open one for the full read.
4702 51 Street
Beds
5
Baths
3 full + 1 half
Sqft
1,288
Year
1973
Type
Single Family
On market
11d
Location, location, location! Situated just blocks from the University of Alberta Augustana Campus, one block from Co-op and all downtown amenities, this fantastic property backs onto green space and is located directly north of Jubilee Park with immediate access to the beautiful valley trails system.This spacious home offers plenty of value and versatility with five bedrooms and an ideal layout for families, students, or anyone who appreciates an unbeatable location. Major updates include a newer roof (2023) and hot water tank (2021).Step inside and enjoy the bright main floor living space filled with natural light from the large west-facing windows. The expansive kitchen features loads of counter space and opens seamlessly to the dining area, large enough to host family gatherings and holiday celebrations with ease. The main floor also offers three bedrooms, including a generous primary bedroom complete with a convenient 2-piece en suite, a full 4-piece bathroom, plus an abundance of storage closets and cupboards throughout.Downstairs, the walk-out basement provides even more functional living space with a bright and open rumpus room, a 3-piece bathroom, designated storage areas, and a spacious laundry room. The attached single garage has been converted into two additional bedrooms, creating a rare five-bedroom setup with excellent flexibility for large families or student living potential.Outside, you’ll love the wraparound deck spanning the east and south sides of the home — the perfect place to enjoy sunny mornings and shaded summer evenings beneath the mature trees. Gas BBQ hook up for added convenience. The yard also features a cozy firepit area ready for entertaining, along with loads of parking space suitable for multiple vehicles and RV storage.Lots to love with this ideally located property in one of Camrose’s most desirable areas — perfect for Augustana students, families, or anyone looking to enjoy an exceptional lifestyle close to parks, trails, downtown amenities, and campus living. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 18.83 Ft x 15.75 Ft | |
| Storage | 11.67 Ft x 5.92 Ft | |
| Laundry room | 13.00 Ft x 5.00 Ft | |
| Bedroom | 10.00 Ft x 13.83 Ft | |
| Bedroom | 10.67 Ft x 13.83 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.00 Ft x 12.00 Ft | |
| Dining room | 12.00 Ft x 11.00 Ft | |
| Living room | 16.00 Ft x 14.00 Ft | |
| Bedroom | 10.00 Ft x 12.00 Ft | |
| Bedroom | 11.00 Ft x 9.00 Ft | |
| Bedroom | 11.00 Ft x 14.00 Ft | |
| 4pc Bathroom | — | |
| 2pc Bathroom | — |
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
7.09%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,753
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 Jun 5, 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 Camrose. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.