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4828 56 Avenue
Welcome to this bright and spacious bi-level home, located on a quiet street on the desirable west side of Innisfail. Offering plenty of room for the whole family, this well-maintained property features a functional layout, modern updates, and an impressive outdoor space.The main floor has a large living room filled with natural light, along with a functional kitchen featuring new flooring, some new appliances and a pantry, the dining area offers convenient access to the covered back deck, perfect for morning coffee or evening relaxation. Three bedrooms complete the main level, including a primary suite with a walk-in closet and private two-piece ensuite.Downstairs, you’ll find a spacious family room, two more bedrooms, a three-piece bathroom, laundry room, and plenty of utility and storage space, providing flexibility for growing families, guests, or a home office setup.Outside, the mature, fully fenced backyard is designed for enjoyment with a gazebo and garden boxes. The detached 24’ x 24’ garage includes a workbench for hobbyists and extra storage, while additional parking provides room for a trailer or recreational vehicles. Additional features include central air conditioning, central vacuum, and new garage shingles completed in 2025.This move-in-ready home offers space, comfort, and a great location close to parks, schools, and amenities. A wonderful opportunity to enjoy family living in a welcoming neighborhood. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Family room | 12.33 Ft x 20.50 Ft | |
| Laundry room | 5.25 Ft x 8.42 Ft | |
| Bedroom | 8.42 Ft x 9.83 Ft | |
| Bedroom | 12.00 Ft x 12.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.42 Ft x 18.42 Ft | |
| Dining room | 10.58 Ft x 7.83 Ft | |
| Kitchen | 8.33 Ft x 12.08 Ft | |
| Bedroom | 9.92 Ft x 8.92 Ft | |
| Bedroom | 9.00 Ft x 9.92 Ft | |
| Primary Bedroom | 11.58 Ft x 12.42 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 Jun 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.