We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
5020 56 Street
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Innisfail · Single Family · under $325,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Charming 2 Bedroom, 2 Bathroom Home on a Mature Lot Near the Lake!Situated on a beautifully maintained oversized lot just steps from the lake and scenic walking trails, this charming home offers incredible value and endless potential for first-time buyers, investors, or anyone looking to make a home their own.The mature yard is a true highlight, featuring established trees, gorgeous perennial flower beds, a peaceful gazebo sitting area, and plenty of outdoor storage for all your gardening tools, seasonal items, and hobbies. An attached single garage is perfect for tinkering or storing a smaller vehicle, while the front parking pad provides space for two additional vehicles.Inside, you'll appreciate the spacious front entry and the thoughtful layout. A main floor bedroom was previously incorporated into the living space, creating a larger and more functional kitchen, dining, and living area that's perfect for everyday living and entertaining. The updated kitchen offers an abundance of cabinetry and counter space, making meal prep a breeze. The living room also offers future potential, as the former east-facing window could be reopened to bring in additional natural light or accommodate the addition of another room if desired. A 4-piece bathroom completes the main floor.The lower level features the primary bedroom, a convenient 2-piece bathroom, laundry area, and plenty of storage space. Major updates have already been completed, including electrical and plumbing, providing peace of mind for the next owner.While the home could benefit from a fresh coat of paint due to previous smoking, it has been well cared for over the years and presents an excellent opportunity to build equity with a few cosmetic updates. Whether you're a first-time home buyer, downsizer, or investor, this property is full of potential in a fantastic location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.25 Ft x 16.25 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.42 Ft x 8.58 Ft | |
| 4pc Bathroom | 7.58 Ft x 7.00 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).
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 Jul 1, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.