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514 1580 Olive Diefenbaker DRIVE
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Prince Albert · Single Family · under $175,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Experience the perfect combination of comfort and convenience in this attractive 2-bedroom, 1-bathroom condo located in the heart of Crescent Acres. Situated in one of the city's most desirable neighborhoods, this home offers a fantastic opportunity for first-time buyers, professionals, investors, or anyone seeking low-maintenance living. Step inside to discover a bright and functional kitchen with ample cabinetry, and an open-concept layout that flows seamlessly into the cozy living area. Large windows allow natural light to pour into the home, enhancing the warm and inviting feel throughout. The two well-sized bedrooms offer flexibility for a growing family, home office, or guest room. The thoughtfully designed floor plan maximizes every square foot, making this home both practical and inviting. Enjoy the benefits of living in Crescent Acres, with excellent schools, parks, playgrounds, and amenities just minutes away. Outdoor enthusiasts will appreciate the nearby Rotary Trail system, offering scenic walking, running, and biking paths throughout the area. Whether you're looking for a low-maintenance lifestyle or a great investment opportunity, this modern feel condo checks all the boxes. Don't miss your chance to own a beautiful home in one of the city's most desirable neighborhoods. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7' 5 x 8' 6 | |
| Living room | 11' 2 x 18' 10 | |
| Dining room | 8' 2 x 9' 1 | |
| Bedroom | 8' 1 x 9' 7 | |
| Bedroom | 10' 11 x 12' 2 | |
| 4pc Bathroom | 4' 11 x 7' 6 | |
| Foyer | 3' 7 x 7' 3 | |
| Laundry room | 6' 11 x 11' 4 |
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
34.48%
Cap rate
11.76%
GRM
6.6
Break-even rent
$993
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.
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 22, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.