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Innisfail · 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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5328 38 Street
Spacious 5-Bedroom Family Home with Heated Garage & Walkout Basement! Welcome to this beautiful home offering incredible value for first-time buyers, growing families, or investors looking for an excellent revenue property. With a functional layout, numerous updates, and a fantastic location close to schools and shopping, this home is ready for its next owners. The main floor features a bright and spacious kitchen with an abundance of cabinetry and generous counter space, making meal preparation and entertaining a breeze. The adjoining living room is filled with natural light thanks to its large windows, creating a warm and inviting atmosphere. The dining area easily accommodates a large family table and overlooks the expansive rear deck through a large window, making it the perfect space for everyday meals or hosting family BBQs and outdoor gatherings. Completing the main level are a well-appointed 4-piece bathroom and two comfortable bedrooms, including a spacious primary bedroom. The fully finished walkout basement offers even more living space with three additional bedrooms, including an oversized bedroom that's ideal for a teenager, guest suite, or home office. You'll also find another 4-piece bathroom, a dedicated storage room, and convenient walkout access to the backyard. Step outside to enjoy the private backyard, offering plenty of space for kids, pets, or relaxing outdoors. Car enthusiasts and hobbyists will appreciate the impressive 24' x 24' detached heated garage, providing ample room for vehicles, storage, and projects year-round. Recent updates provide added peace of mind, including:Shingles (within the last 3 years), Windows (2019), Hot Water Tank (2019) & Water Softener. Conveniently located close to schools, parks, shopping, and other everyday amenities, this home offers exceptional value and is ready for immediate possession. Don't miss your opportunity—this one won't last long! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.92 Ft x 10.92 Ft | |
| Bedroom | 11.25 Ft x 10.58 Ft | |
| Bedroom | 14.67 Ft x 14.42 Ft | |
| Laundry room | 9.92 Ft x 10.33 Ft | |
| 3pc Bathroom | — | |
| Storage | 9.92 Ft x 14.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 13.50 Ft x 8.92 Ft | |
| Kitchen | 13.50 Ft x 8.50 Ft | |
| Living room | 12.83 Ft x 14.67 Ft | |
| Foyer | 3.92 Ft x 7.58 Ft | |
| 3pc Bathroom | — | |
| Primary Bedroom | 13.42 Ft x 11.83 Ft | |
| Bedroom | 8.25 Ft x 10.92 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
14.97%
Cap rate
7.86%
GRM
9.3
Break-even rent
$2,328
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 Jul 5, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.