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4712 51 Avenue
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Beds
2
Baths
2
Sqft
1,079
Year
1938
Type
Single Family
On market
28d
Welcome to this beautifully updated bungalow in the heart of Alix, a welcoming small town known for its strong sense of community, peaceful atmosphere, and nearby lake recreation. Situated on a spacious lot, this home offers over 1,700 sq ft of developed living space with a practical layout and plenty of flexibility for families, first-time buyers, or those looking to enjoy small town living.The bright main floor features a spacious living room with large windows that bring in plenty of natural light, an open dining area, and a functional kitchen with great flow for everyday living. The main level includes 2 bedrooms, including a primary bedroom with its own 3-piece ensuite, plus an additional full 4-piece bathroom.Downstairs, the fully developed basement offers a massive recreation room, ample storage, laundry area, and a large den that could easily function as a third bedroom, office, gym, or guest space depending on your needs.Outside, you’ll appreciate the large yard, detached garage, and the durability and curb appeal of the metal roof. With mature trees, open space, and a quiet setting, this property offers the perfect balance of comfort and small-town charm. A great bonus to this property is the trailer setup already in place, complete with its own sani-station connection and power hookup. Whether you have guests visiting, need extra parking for an RV, or enjoy camping and traveling, this added convenience offers excellent flexibility and functionality year-round.Whether you’re looking for your first home, a downsizing opportunity, or an investment property, this home is a fantastic opportunity in one of Central Alberta’s most friendly communities. Seller is a licensed realtor in the province of Alberta. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 6.78 M x 7.40 M | |
| Den | 4.28 M x 2.88 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.56 M x 3.16 M | |
| Bedroom | 3.56 M x 2.94 M | |
| Living room | 4.68 M x 5.21 M | |
| Dining room | 4.86 M x 2.75 M | |
| Kitchen | 3.11 M x 2.82 M | |
| 3pc Bathroom | 2.29 M x 1.52 M | |
| 4pc Bathroom | 2.34 M x 1.15 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
-1.40%
Cap rate
4.58%
GRM
13.7
Break-even rent
$1,977
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 17, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Alix. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.