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5032 59 Street
Beds
6
Baths
3
Sqft
1,394
Year
2024
Type
Single Family
On market
82d
Welcome to an incredible and unique home in the family friendly town of Innisfail. This home is well designed with a bright open and practical floor plan. Two spacious units with one being a legal suite. Enjoy the modern interiors, quartz counter tops, eat-up islands, contemporary lighting, fans and accessories, and stainless-steel appliances. Large windows give lots of natural light and great views from kitchen/dining room windows. Both units have separate entrances and utilities. Also, separate laundry areas with their own washers and dryers. Top floor has 3 bedrooms and a huge deck overlooking the countryside to the north. The legal suite enjoys the same and has a walk out to a patio. If you do not want to rent the suite out there is locked interior door to the suite. Open it up and you will have a 6 bedroom home with over 2500 Sq ft of living space. One of the standout features of this property is its expansive private yard, which backs onto land to the North, providing a peaceful and secluded ambiance. If you do not want to rent the suite out there is locked interior door to the suite. Enjoy walks and fishing on Dodds Lake located just steps away. The top unit is currently rented out for $2400.00 per month and the suite is vacant and had been rented out for $1900.00 per month. This property offers an incredible opportunity for homeowners and investors alike. You will sleep well at night knowing this is a well-built home, has appliances that are only a couple of years old, and the home is still under new home warranty. You can’t go wrong with this property. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.08 Ft x 7.08 Ft | |
| Other | 5.67 Ft x 9.83 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 5.00 Ft x 6.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.17 Ft x 15.00 Ft | |
| Other | 10.00 Ft x 11.92 Ft | |
| Dining room | 9.00 Ft x 12.17 Ft | |
| Kitchen | 12.17 Ft x 12.08 Ft | |
| Pantry | 3.92 Ft x 3.92 Ft | |
| Primary Bedroom | 11.92 Ft x 11.92 Ft | |
| 3pc Bathroom | 7.67 Ft x 8.67 Ft | |
| Other | 6.33 Ft x 6.42 Ft | |
| Bedroom | 9.50 Ft x 10.58 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.08 Ft | |
| Bedroom | 9.42 Ft x 10.58 Ft | |
| Laundry room | 3.00 Ft x 5.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Other | 9.92 Ft x 12.00 Ft | |
| Laundry room | 5.75 Ft x 8.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.50 Ft | |
| Bedroom | 9.08 Ft x 14.08 Ft | |
| Bedroom | 9.08 Ft x 13.17 Ft | |
| Bedroom | 10.00 Ft x 11.08 Ft | |
| Other | 4.75 Ft x 9.75 Ft | |
| Kitchen | 6.83 Ft x 8.75 Ft | |
| Dining room | 5.92 Ft x 7.08 Ft | |
| Living room | 12.50 Ft x 17.33 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
-1.19%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,596
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 May 19, 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 Innisfail. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.