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5215 50 Avenue
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Beds
2
Baths
1
Sqft
1,277
Year
1938
Type
Single Family
On market
19d
Updated and ready for your next chapter, this spacious bungalow on the corner offers outstanding value in Killam! The open concept, sprawling common areas and large windows create a space with endless potential and inviting atmosphere to suit all walks of life, hobbies and hosting. On the main floor, the family room features a wood stove, coat closet with drawers for extra storage, new patio doors that open onto the deck overlooking the fenced back yard, plus a hall that leads to the primary bedroom and four piece bath. You'll appreciate the vinyl plank flooring, character of wall treatments throughout the shared living spaces, brick detail in the dining room and updates to the spacious kitchen. There's a great flex space here that would make a functional office or main floor laundry room, plus an enclosed porch! The basement is partially finished with a second bedroom, laundry and a uniquely adorable nook, along with the utility room (HWT Feb '26) and rec room that could easily make another bedroom. Outside, the vinyl siding, fresh paint, new shingles, landscaping, fire pit, and a 12 x 20 shed with gravel floor & 7' double doors sets the stage for your outdoor oasis. There's room for RV parking and the property is walking distance to school and healthcare - just a couple blocks from all the shops, services and amenities that downtown has to offer. Whether you're right-sizing, looking for a first home or great investment property, this is a must see! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 15.92 Ft | |
| Recreational, Games room | 16.58 Ft x 11.25 Ft | |
| Furnace | 11.50 Ft x 8.25 Ft | |
| Laundry room | 11.25 Ft x 8.17 Ft | |
| Other | 6.83 Ft x 7.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Den | 6.58 Ft x 8.42 Ft | |
| Kitchen | 12.00 Ft x 17.42 Ft | |
| 4pc Bathroom | 4.92 Ft x 12.25 Ft | |
| Living room/Dining room | 21.25 Ft x 17.25 Ft | |
| Primary Bedroom | 8.92 Ft x 15.58 Ft | |
| Other | 12.08 Ft x 7.25 Ft | |
| Family room | 18.83 Ft x 15.58 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
41.64%
Cap rate
13.19%
GRM
6.0
Break-even rent
$908
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 25, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Killam. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.