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Wainwright · Single Family · under $400,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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530 20 Street
This well-maintained 1,141 sq. ft. bungalow offers outstanding value, a fantastic location, and excellent future potential. Built in 1986, the home features 3 bedrooms on the main floor, a bright and functional living area, a large kitchen, bright dining area and a full 4-piece bathroom. The fully finished basement provides even more living space with 2 additional bedrooms, a second full bathroom, a spacious family room, and a separate games/bar room. With some renovations, the lower level has excellent potential to be converted into a separate suite for multi-generational living or future rental income (subject to municipal approval). This home has been thoughtfully updated with new vinyl siding, windows, and exterior doors (2022), new basement flooring (2022), a new overhead garage door and opener, and new window treatments, offering peace of mind and added value. Outside, you'll appreciate the 6,925 sq. ft. fully fenced yard, providing privacy and plenty of room for children, pets, or entertaining. The property also features a single attached heated garage and an attached carport for additional covered parking. Location is everything! Situated directly across from Secret Park and within walking distance of the newly built school, shopping, and other amenities, this home is perfect for growing families, first-time buyers, or investors looking for a property with flexibility and long-term potential. Don't miss your opportunity to own this move-in-ready bungalow in a highly desirable neighbourhood! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.17 Ft x 20.92 Ft | |
| Recreational, Games room | 12.00 Ft x 16.58 Ft | |
| Bedroom | 8.92 Ft x 15.58 Ft | |
| Bedroom | 8.17 Ft x 11.83 Ft | |
| 3pc Bathroom | 5.17 Ft x 6.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.50 Ft x 20.25 Ft | |
| Kitchen | 9.17 Ft x 14.08 Ft | |
| Dining room | 8.67 Ft x 10.33 Ft | |
| Primary Bedroom | 10.67 Ft x 11.50 Ft | |
| Bedroom | 8.25 Ft x 11.50 Ft | |
| Bedroom | 8.17 Ft x 9.92 Ft | |
| 4pc Bathroom | 4.83 Ft x 9.50 Ft | |
| Laundry room | .00 Ft x .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
17.95%
Cap rate
8.45%
GRM
8.8
Break-even rent
$2,201
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 30, 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.