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504 1 Avenue NE
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Welcome to 504 First Street NE in the heart of Old Town Airdrie. Originally built in 1948 and professionally added onto in 1981, with over 50% of the home consisting of the newer addition, this property is priced to allow you to make it your own. The main level offers a spacious living room, a dining area that flows into the kitchen, and three bedrooms, including a primary bedroom with its own 4-piece ensuite and walkthrough closet. An additional 4-piece bathroom completes the main floor. The basement features two large rooms, offering great additional space, although the windows do not meet current egress requirements. The furnace was replaced in 2021 for added peace of mind. Situated on a corner lot with a single detached garage and back lane access, this property offers excellent potential in a highly convenient location. Old Town Airdrie is known for its character, high visibility, and easy access to major corridors, services, and amenities, making it attractive for both homeowners and investors. Enjoy being close to local shops, dining, parks, schools, transit, and Edmonton Trail, with all three levels of schools just a 5-minute walk away. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 19.33 Ft x 10.75 Ft | |
| Bedroom | 11.17 Ft x 8.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 5.00 Ft x 4.25 Ft | |
| Living room | 21.33 Ft x 11.83 Ft | |
| Dining room | 12.75 Ft x 11.92 Ft | |
| Kitchen | 11.75 Ft x 10.83 Ft | |
| Primary Bedroom | 11.58 Ft x 11.25 Ft | |
| Bedroom | 10.25 Ft x 8.08 Ft | |
| Bedroom | 11.00 Ft x 9.00 Ft | |
| Laundry room | 7.33 Ft x 5.00 Ft | |
| Other | 7.25 Ft x 3.58 Ft | |
| 4pc Bathroom | — | |
| 4pc 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).
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 Jun 18, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.