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5023 56 Avenue
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Beds
3
Baths
1
Sqft
776
Year
1958
Type
Single Family
On market
38d
If you’re looking for affordable living in a small town that offers plenty of amenities, this property is one you won’t want to miss! Located in Rimbey, a wonderful community just 45 minutes northwest of Red Deer, you’ll enjoy convenient access to shopping, schools, churches, and a variety of recreational facilities including a community center, auto racetrack, and indoor riding arena, plus so much more.This well-maintained 3-bedroom, 1-bathroom home was solidly built in 1958 and has seen numerous updates over the years, with major renovations completed around 2016. Improvements include updated paint, windows, siding, a durable metal roof, and on-demand hot water.The main floor features a spacious living room, two comfortable bedrooms, a full 4-piece bathroom, and a bright kitchen/dining area with ample cabinetry and additional storage.Wide stairs lead to the basement, where you’ll find a cozy wood stove which is perfect for added comfort and helping reduce heating costs. This level also includes a third bedroom with unique built-in cupboards and closet space, along with a sitting area near the stove.The large utility/laundry room offers plenty of space for storage, a workshop, or whatever suits your needs.Step outside to a backyard featuring a garden plot, mature trees, and additional parking and it is fully fenced, making it ideal for pet owners. Two good-sized sheds provide excellent storage for tools, equipment, or seasonal items.Built to last and in great condition, this home is a fantastic opportunity for investors, first-time buyers, or those looking to downsize from the farm. It just might be the one you’ve been waiting for! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.75 Ft x 12.08 Ft | |
| Recreational, Games room | 15.25 Ft x 11.08 Ft | |
| Furnace | 24.67 Ft x 13.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.92 Ft x 4.92 Ft | |
| Bedroom | 8.92 Ft x 11.08 Ft | |
| Dining room | 8.25 Ft x 3.75 Ft | |
| Kitchen | 12.67 Ft x 9.50 Ft | |
| Living room | 16.58 Ft x 11.50 Ft | |
| Primary Bedroom | 12.25 Ft x 8.25 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 May 18, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rimbey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.