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502 5 Avenue
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Beds
4
Baths
3
Sqft
1,081
Year
1940
Type
Single Family
On market
122d
Welcome to this well-located and thoughtfully laid-out home in the town of Wainwright. Offering 1,081 sq. ft. of living space on a large corner lot (just over a lot and a half) this property is perfectly positioned near the school, hospital, walking trails, Communiplex, Multiplex, ball diamonds, playgrounds, and provides quick, easy access to First Avenue for commuting to CFB Wainwright. The main floor features a bright, open-concept layout with an eat-in kitchen flowing seamlessly into the living room, where large windows fill the space with natural light and offer lovely summertime views of the mature trees in the front yard. Two comfortable bedrooms and two bathrooms complete the upper level, making it ideal for families, professionals, or those looking for main-floor functionality. A spacious side-entry mudroom keeps boots, coats, and gear neatly out of the main living area—necessary for our unpredictable Alberta seasons. Downstairs, the fully developed basement adds even more value with two generously sized bedrooms, an additional bathroom, recreational or family room and a laundry room with extra storage space, providing flexibility for growing families, guests, or home office needs. Outside, enjoy a mature yard with plenty of room to relax or play, along with a substantial 16' x 16'-6" shed that was formerly a garage—ideal for storage, hobbies, or future projects. With its unbeatable location near essential services, parks, and recreation, this property offers comfort, convenience, and space in one complete package. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 9.08 Ft x 19.08 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Laundry room | 19.17 Ft x 7.42 Ft | |
| Storage | 14.50 Ft x 5.25 Ft | |
| Bedroom | 14.75 Ft x 11.75 Ft | |
| Bedroom | 12.17 Ft x 10.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 13.33 Ft x 16.50 Ft | |
| Living room | 12.08 Ft x 19.17 Ft | |
| 5pc Bathroom | .00 Ft x .00 Ft | |
| Primary Bedroom | 11.75 Ft x 15.33 Ft | |
| Other | 8.00 Ft x 9.33 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 10.17 Ft x 9.67 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).
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 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Wainwright. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.