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474 Walnut Crescent
Beds
6
Baths
4 full + 1 half
Sqft
1,633
Year
2013
Type
Single Family
On market
4d
Welcome to 474 Walnut Crescent, a spacious two storey home offering 1,632 sq/ft of above grade living space plus a fully developed basement with a LEGAL TWO BEDROOM SUITE. Built in 2013 and located in a quiet family friendly pocket of Timberlea close to schools, parks, and outdoor ATV trails, this property presents an excellent opportunity for homeowners and investors alike.The home welcomes you with a charming fenced front yard that adds curb appeal while creating a private outdoor space to enjoy. The fully fenced backyard offers additional room for entertaining, pets, or children to play. With parking for up to three vehicles and low maintenance landscaping, the exterior is both practical and inviting.Inside, the main level features a bright open concept layout with tall ceilings and modern finishes throughout. The living room is finished with hardwood flooring and flows seamlessly into the kitchen and dining areas, creating a functional space for everyday living and entertaining. The kitchen offers dark cabinetry, granite countertops, stainless steel appliances, a built in desk area, and plenty of storage and workspace. The dining room provides ample space for a large table, making it ideal for family dinners and gatherings, while a convenient two piece bathroom completes the main floor.Upstairs, a rare four bedroom layout and two full bathrooms make this an ideal home for growing families who want all of their children's bedrooms on the same level. The primary bedroom features a walk through closet leading to a private four piece ensuite bathroom. The upper level is finished with carpet throughout and offers comfortable living space for the entire family.The basement has its own separate side entrance and is developed with a two bedroom legal suite. Offering a bright open layout, full kitchen, full bathroom, separate laundry, and much of the furniture already in place, this suite is ready to generate income immediately. The home is also equipped with two fur naces and hot water on demand for added efficiency and convenience.Well maintained and move in ready, 474 Walnut Crescent offers the rare combination of a spacious four bedroom family home and an income producing legal suite in one of Timberlea's most desirable neighbourhoods. Immediate possession is available. Schedule your private showing today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.92 Ft x 4.92 Ft | |
| Bedroom | 10.50 Ft x 10.67 Ft | |
| Bedroom | 10.58 Ft x 9.25 Ft | |
| Kitchen | 12.92 Ft x 10.17 Ft | |
| Recreational, Games room | 10.67 Ft x 9.42 Ft | |
| Furnace | 9.33 Ft x 7.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.42 Ft x 4.92 Ft | |
| Dining room | 11.25 Ft x 9.33 Ft | |
| Foyer | 11.17 Ft x 5.08 Ft | |
| Kitchen | 21.17 Ft x 12.58 Ft | |
| Living room | 15.83 Ft x 17.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.50 Ft x 4.92 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.92 Ft | |
| Bedroom | 11.00 Ft x 9.75 Ft | |
| Bedroom | 13.00 Ft x 10.92 Ft | |
| Bedroom | 10.58 Ft x 10.75 Ft | |
| Primary Bedroom | 11.33 Ft x 11.67 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
3.62%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,995
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 Jun 8, 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 Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.