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5214 38 Avenue
Beds
4
Baths
3
Sqft
1,411
Year
1981
Type
Single Family
On market
147d
Set on a quiet street at the very south end of town, this solid bungalow offers the kind of space, layout, and long term potential that’s getting harder to find. With 1,411 square feet on the main level, a fully finished basement, an attached garage, and a 60-foot lot all located within walking distance to LT Westlake school, it's great for large families. Inside, the main floor follows a classic bungalow layout that remains popular for good reason. The living and dining rooms are anchored by a double sided wood burning fireplace and patio doors off the dining area lead to the rear deck and yard where you'll find a garden with raspberry and strawberry plants. The main floor has 3 bedrooms, including a generously sized primary bedroom with a 3pc en-suite featuring an updated tiled shower. A second 4pc bathroom has had a renovation started with a corner tiled shower and awaits your personal choice completion. Most of the windows on the this level have been replaced with efficient PVC ones in 2023. The large kitchen holds plenty of cabinets and has stainless steel appliances. Downstairs, the finished basement significantly extends the living space. A very large rumpus room with another fireplace, make it a flexible area for recreation, media, or hobbies. There is one large bedroom, another room currently used as an office/craft space that could be a bedroom if needed plus there's another space on the other end of the house that could be converted into a bedroom if desired. A 3pc bathroom, laundry area and storage pantry complete this level. A few other features include A/C (2009), shingles (2022), solar panels, furnace (2020) and water tank(2024). The yard has a large shed and parking for your RV or extra vehicles and it all backs onto a field rather than houses for more privacy. For buyers who understand potential and are willing to put their own stamp on a home, this is a chance to start with space and strong bones. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.00 Ft x 7.00 Ft | |
| Bedroom | 10.92 Ft x 12.67 Ft | |
| Recreational, Games room | 15.75 Ft x 25.92 Ft | |
| Recreational, Games room | 19.00 Ft x 12.75 Ft | |
| Storage | 10.50 Ft x 8.58 Ft | |
| Furnace | 11.75 Ft x 10.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.08 Ft x 6.83 Ft | |
| 4pc Bathroom | 8.00 Ft x 10.33 Ft | |
| Bedroom | 12.83 Ft x 10.17 Ft | |
| Bedroom | 10.50 Ft x 10.17 Ft | |
| Dining room | 15.17 Ft x 12.67 Ft | |
| Kitchen | 10.25 Ft x 13.92 Ft | |
| Living room | 15.08 Ft x 16.08 Ft | |
| Primary Bedroom | 12.75 Ft x 15.00 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
3.19%
Cap rate
5.50%
GRM
12.2
Break-even rent
$2,662
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.
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 26, 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 Taber. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.