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5124 53 Street
Just minutes from downtown, this home blends modern convenience with warm character — offering the ease of a newer build with a timeless, welcoming feel. Featuring 4 bedrooms and 2.5 bathrooms, it has been thoughtfully maintained and extensively updated, including brand-new plumbing for added peace of mind, premium Karndean luxury vinyl flooring (2022), new basement windows (2025), a new fence (2024), and new windows and ceiling in the sunroom (2021).The main floor offers an open, light-filled layout where large windows bring in natural light throughout the day. The kitchen sits at the heart of the home with tile countertops, crisp white cabinetry, and seamless built-in storage in the dining area, perfect for both everyday living and entertaining. The living room is warm and inviting, anchored by a cozy gas fireplace.Upstairs, the primary suite opens to a west-facing balcony ideal for sunsets, with a walk-in closet, ensuite access, and a gas hookup for future fireplace potential. Vaulted ceilings and smart gable storage add charm and function. The second bedroom enjoys east-facing morning light and additional roofline storage, while a unique hallway built-in offers flexible, playful space. The upper-level bathroom features a jetted tub, offering the perfect place to unwind and relax after a long day.The lower level includes two spacious bedrooms, a family room, and a 3-piece bathroom with in-floor heating, creating a comfortable retreat for guests or extended family. A standout feature is the screened-in 3-season room, enhanced with new windows and a new ceiling completed in 2021, making it the perfect space for relaxed mornings and long summer evenings.Outside, a heated 19x20 garage, new fencing (2024), and established perennial landscaping complete the property. Close to schools, LMC, Music in the Park, Lacombe Days, Kinsmen Aquatic Centre, Splash Park, restaurants, and parks — this is more than a home; it’s a lifestyle rooted in comfort, light, and connec tion. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.08 Ft x 7.25 Ft | |
| Bedroom | 9.33 Ft x 10.83 Ft | |
| Bedroom | 10.58 Ft x 13.83 Ft | |
| Recreational, Games room | 15.75 Ft x 14.25 Ft | |
| Furnace | 7.17 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 7.42 Ft x 6.33 Ft | |
| Dining room | 15.08 Ft x 9.92 Ft | |
| Foyer | 7.17 Ft x 7.42 Ft | |
| Kitchen | 12.67 Ft x 11.33 Ft | |
| Living room | 16.17 Ft x 14.67 Ft | |
| Sunroom | 9.50 Ft x 23.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.08 Ft x 8.42 Ft | |
| Bedroom | 12.00 Ft x 10.00 Ft | |
| Bonus Room | 9.17 Ft x 6.08 Ft | |
| Primary Bedroom | 16.42 Ft x 16.00 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
6.06%
Cap rate
6.08%
GRM
11.4
Break-even rent
$2,480
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.
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 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.