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Leader · Single Family · under $300,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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506 1st AVENUE W
For more information, please click the "More Information" button. Beautiful single family bungalow. 2 bedroom, 2 bathroom home with upstairs and downstairs kitchen areas. The main floor has 2 bedrooms, 4 piece bathroom, living room, full kitchen and laundry room with washer and dryer. Vinyl flooring throughout. The kitchen has large amount of cupboard space, with stove, fridge, sink and built-in table. The unfinished basement has a kitchen space with stove, sink and fridge, and 3 piece bathroom; all materials for finishing the basement are purchased and in the home. The basement was a 2 bedroom, cold storage room and dry storage rooms, along with large open kitchen and living space. Front entrance into living area and side entrance to basement, making for a suitable rental basement suite. Single vehicle carport and detached garage. There is also a gravel parking pad on the west side of the home. Large fenced in backyard with rainbird sprinkler system installed for the lawn and garden spaces. New windows and front door purchased to be installed. New shingles and furnace in 2020. The 1200 sq ft shop is located on west side of the yard with paved driveway, small office/ reception area with 1/2 bath, 100amp electrical service, 2 overhead doors, 12 foot ceiling height, open shop space and solar panels. Solar panels power both the shop and home through SaskPower program. Located within a 5 minute walk of school, and grocery store. 10 minute walk to the hospital and hockey rink. Leader is located at Hwy junction of 32 and 21 along the south Saskatchewan river valley, an hour from Kindersley, and an hour and a half to Swift current or Medicine hat for city necessities. Amenities include K-12 school, ball diamonds, out door swimming pool and slide, senior hockey team, boxing club, school of dance, Beautiful 9 hole grass green golf course, skating and curling rink, hunting and fishing. A great place to raise a family or retire! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10 × 14 feet | |
| Bedroom | 11.5 feet | |
| Living room | 14 × 16 feet | |
| Kitchen/Dining room | 19 × 9.5 feet | |
| Laundry room | 8.5 × 11 feet |
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
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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
3.07%
Cap rate
5.48%
GRM
12.1
Break-even rent
$1,752
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Mar 19, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.