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5023 46 Avenue
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Spirit River · Single Family · under $100,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Opportunity awaits with this affordable property situated on a rare triple lot in the heart of Spirit River! Whether you're looking for your next renovation project, an investment property, or a home with room to grow, this property offers incredible value and endless possibilities. This 1,200 sq. ft. home features 2 bedrooms, 1 bathroom, and a functional layout with an unfinished upstairs that could easily become an additional bedroom, home office, hobby space, or extra storage. Large windows throughout the home fill the living spaces with natural light, while recent updates including some newer windows, kitchen cabinets, plumbing, flooring, and a recently replaced hot water tank provide a great starting point for your vision. Outside is where this property truly shines. The expansive triple lot offers plenty of space for gardening, entertaining, future additions, or simply enjoying the privacy of a large yard. The impressive 24' x 30' detached garage, built in 2010, is both powered and heated, making it an ideal workshop, storage space, or year-round parking. With a generous lot, quality garage, and several key updates already completed, this property is packed with potential. Bring your ideas and transform this fixer-upper into something truly special while investing in one of its greatest assets—land, space, and opportunity. Call your favorite realtor today to book your showing! Photos in the listing have been altered using AI to clean up the clutter and objects from the home. Please ask the realtor for unedited photos. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.17 Ft x 7.58 Ft | |
| Bedroom | 9.75 Ft x 7.58 Ft | |
| 3pc 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
87.34%
Cap rate
22.33%
GRM
3.7
Break-even rent
$599
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 Jul 7, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.