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5001 62 Avenue
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Beds
5
Baths
4 full + 2 half
Sqft
1,385
Year
1975
Type
Single Family
On market
87d
Spacious double lot with huge Bungalow featuring an incredible amount of living space and flexibility. It is ideal for large families or those looking for a great revenue property. With a thoughtful layout and generous square footage on both levels, this home provides comfort, function, and versatility. The upper level features a spacious primary bedroom along with two additional bedrooms. Two convenient bathrooms serve this level, while the bright living room provides a welcoming space to relax or entertain. The kitchen offers plenty of workspace and cabinetry and flows nicely into the dining area, creating a practical setting for everyday meals and gatherings. The lower level expands the possibilities even further with its own full living area. This level includes a second kitchen and dining space, a comfortable living room, and a large flex area that could be used as a recreation room, home office, gym, or additional family space depending on your needs. Two more bedrooms are located on this level, along with both a 3-piece bathroom with laundry and a 4-piece bathroom with laundry, adding convenience and functionality. Recent updates add further value and peace of mind, including a durable metal roof installed in 2025, a hot water tank replaced within the past three years, freshly painted lower-level living areas in 2025, and a recently upgraded bathroom on the lower level. With its unique layout, abundant square footage, and numerous updates, this property presents a rare opportunity to own a spacious home that offers exceptional flexibility for a variety of living arrangements. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Laundry room | 7.58 Ft x 10.67 Ft | |
| Bedroom | 9.92 Ft x 9.92 Ft | |
| Bedroom | 8.17 Ft x 9.92 Ft | |
| Other | 11.00 Ft x 18.50 Ft | |
| Living room | 16.00 Ft x 21.33 Ft | |
| Other | 10.25 Ft x 10.67 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 7.25 Ft x 10.67 Ft | |
| Furnace | 6.00 Ft x 11.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.17 Ft x 16.75 Ft | |
| Living room | 13.33 Ft x 27.25 Ft | |
| Dining room | 9.08 Ft x 9.75 Ft | |
| Kitchen | 8.83 Ft x 19.25 Ft | |
| Bedroom | 8.17 Ft x 11.50 Ft | |
| Bedroom | 8.08 Ft x 10.50 Ft | |
| 2pc 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
17.82%
Cap rate
8.43%
GRM
8.8
Break-even rent
$2,206
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 21, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ponoka. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.