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5005 53 Street
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Castor · Single Family · under $225,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome investors to an excellent investment opportunity. Welcome to this well-located bi-level home, just a short walk to a K–12 school and Main Street amenities, making daily life convenient and accessible.This home features 3 bedrooms on the main level, along with a spacious kitchen and dining area, a comfortable living room, and a full 4-piece bathroom. The basement offers even more living space with a large family or games room, an additional bedroom, a 3-piece bathroom, and plenty of storage.Step outside to enjoy the fully fenced backyard, perfect for families or pets, along with a 22x26 detached garage. The garage is designed for functionality with drive-through access, featuring overhead doors on both the front and back—ideal for parking, storage, or projects. There is also ample parking available at the front of the property and off the back alley.If you’re looking for an affordable home in a great location, this one may be worth a look. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 27.58 Ft x 12.92 Ft | |
| Bedroom | 11.42 Ft x 10.83 Ft | |
| Furnace | 10.17 Ft x 15.50 Ft | |
| Laundry room | 6.67 Ft x 6.42 Ft | |
| 3pc Bathroom | 7.92 Ft x 4.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.08 Ft x 8.17 Ft | |
| Dining room | 10.08 Ft x 7.42 Ft | |
| Living room | 15.58 Ft x 14.75 Ft | |
| Bedroom | 9.83 Ft x 11.83 Ft | |
| Bedroom | 8.58 Ft x 9.58 Ft | |
| Primary Bedroom | 9.58 Ft x 11.83 Ft | |
| 4pc Bathroom | 6.92 Ft x 9.58 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
47.74%
Cap rate
14.41%
GRM
5.6
Break-even rent
$1,267
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.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.