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5228 42 Street Close
Beds
6
Baths
3
Sqft
1,622
Year
1950
Type
Single Family
On market
55d
Tucked away on a quiet dead-end street, with a fully treed lot beside it…. this unique property offers rare privacy and a true country feel—right in town. Completely renovated top to bottom, this home features a bright, open main floor with vaulted ceilings, a stunning kitchen, 3-sided fireplace, and a spacious primary suite with ensuite and deck access. There are an additional 2 bedrooms and full bathroom and laundry upstairs giving you MAIN LEVEL LIVING. In the past 3 years the basement has been extensively renovated with new bedrooms, a beautiful kitchen, living space, laundry and bathroom – all with walkout access to the backyard. The property is serviced by its own well and municipal sewer, and features a super-sized 27x28 detached garage, plus ample off-street parking. There is tons of room to build another detached garage in the back for the hobbyist in your life! Extensively renovated inside and out—windows, roof, siding, insulation, drywall, fixtures, and more—this is a truly move-in-ready, one-of-a-kind property. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 18.92 Ft x 13.08 Ft | |
| Bedroom | 11.50 Ft x 10.25 Ft | |
| Bedroom | 12.67 Ft x 9.00 Ft | |
| Bedroom | 13.00 Ft x 8.83 Ft | |
| Living room | 10.25 Ft x 11.83 Ft | |
| Other | 8.17 Ft x 5.17 Ft | |
| Kitchen | 9.00 Ft x 9.08 Ft | |
| 3pc Bathroom | 10.08 Ft x 7.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.33 Ft x 21.92 Ft | |
| Kitchen | 17.67 Ft x 15.00 Ft | |
| Dining room | 11.00 Ft x 9.50 Ft | |
| Bedroom | 10.08 Ft x 9.92 Ft | |
| Bedroom | 10.17 Ft x 9.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.83 Ft | |
| Primary Bedroom | 12.08 Ft x 13.17 Ft | |
| 3pc Bathroom | 6.00 Ft x 5.42 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
-1.25%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,602
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 Jun 8, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ponoka. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.