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Investment signal

$60,000

4901 46 Avenue

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Beds

1

Baths

1

Sqft

Year

1945

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Spirit River. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

INVESTMENT OPPORTUNITY! This little one bedroom property is move in ready, and will let you live in your own property at an affordable price, or make some great money as you rent it out in an area where there is almost 0 vacancy for rent, and crazy rent. You have a 700sf house with two porch additions that are not heated. You get a huge corner lot, large family room and huge kitchen with plenty of room. The furnace and hot water tank are newer. ELECTRIC HAS BEEN UPGRADED TO 100 AMP, PLUMBING UPDATED, SHINGLES RECENTLY DONE. Call to view today (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Common interest
Freehold
Living area
700 square feet
Lot size
5,320 square feet
Lot dimensions
5320.00
Bedrooms
1 above grade, 0 below grade
Parking
2 total
Stories
1
On market
Apr 28, 2026
Status changed
May 1, 2026
Annual tax
$1,142.33 (2025)
Zoning
res
Photos
11
MLS#
A2305808
Area
SPIRIT_RIVER

Features and systems

Parking

Other

Basement

UnfinishedPartial

Appliances

RefrigeratorRange - ElectricWasher & Dryer

Heating

Central heating

Cooling

None

Exterior

Vinyl siding

Flooring

CarpetedLinoleum

Foundation

Poured Concrete

Lot

See remarks
Positive cash flow ~$904/mo at these assumptions

Cash on cash

90.43%

Cap rate

22.95%

GRM

3.6

Break-even rent

$448

Financing

Down payment$12,000
Loan amount$48,000
Mortgage$243/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$28
Insurance$80
Maintenance$50
CapEx reserve$25
Vacancy loss$70

Estimates 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.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Spirit River. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $243/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 1, 2026.

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