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503 5th Avenue NE
Beds
3
Baths
3
Sqft
1,363
Year
2004
Type
Single Family
On market
243d
In the perfect location, now for sale, is this beautiful custom-built home is move in ready and perfect for the homeowner who wants comfort and style! It is situated on the northeast end of town just steps to our new hospital and across from the Millennium playground and splash park. Pride of ownership is evident as you step into this delightful bungalow. You will be impressed with the open dining area with large windows and the practical but bright kitchen with pantry. It leads into the formal dining and living room area. Here the openness with large windows provides a warm and welcoming feeling. Step out onto the wrap around deck for your relaxing coffee or the perfect place for hosting parties and family gatherings on those warm summer days. This property features 3 larger sized bedrooms, and a beautifully set up main floor laundry room with cabinets. The master bedroom comes complete with a 3-piece en-suite and large closet space. The basement is fully developed with a large family room, office area, a 4-piece bathroom, bedroom, and good-sized cold room. The in-floor heat makes this space warm and cozy in the winter. The attached double car garage has in-floor heat, plenty of space for parking and extra storage. This home has been newly painted and new led lights throughout! Stepping outside, the beautifully landscaped yard with underground sprinkler system has plenty of shrubs, flowers and garden space to provide a peaceful oasis. Seller is motivated and open to reasonable offers. Book your appointment today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.67 Ft | |
| Bedroom | 11.42 Ft x 10.58 Ft | |
| Den | 5.75 Ft x 13.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.67 Ft x 9.75 Ft | |
| Dining room | 10.83 Ft x 12.50 Ft | |
| Laundry room | 6.08 Ft x 6.75 Ft | |
| Bedroom | 10.25 Ft x 10.58 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.75 Ft | |
| Primary Bedroom | 15.92 Ft x 10.83 Ft | |
| Living room/Dining room | 18.17 Ft x 21.67 Ft | |
| 3pc Bathroom | 15.42 Ft x 4.92 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
3.69%
Cap rate
5.60%
GRM
12.0
Break-even rent
$2,177
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.
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 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Manning. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.