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54 Vincent Crescent
Beds
4
Baths
3
Sqft
1,242
Year
2025
Type
Single Family
On market
294d
Welcome to this beautifully crafted newly completed bungalow, offering style, space, and incredible income potential with a fully legal basement suite featuring its own private entrance. The main floor boasts a bright and open layout, complete with a spacious primary bedroom featuring a walk-in closet and a private 3-piece ensuite. An additional generously sized bedroom, a four-piece main bathroom, and a convenient main floor laundry room offer both comfort and practicality. The open-concept kitchen, living room, and dining area are perfect for entertaining, with direct access to the back deck and yard—ideal for outdoor gatherings and relaxing evenings. The legal basement suite has its own separate side entrance, making it perfect for extended family or rental income. Downstairs, you'll find two spacious bedrooms, a full 4-piece bathroom, a large kitchen and rec room, plus a dedicated laundry area. A large utility room and ample storage space round out this well-designed legal suite. The yard is complete with grass and a tree. Whether you're looking for a multi-generational home, a mortgage helper, or an excellent investment opportunity, this property delivers on all fronts. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.67 Ft | |
| Bedroom | 13.33 Ft x 13.00 Ft | |
| Bedroom | 15.08 Ft x 9.92 Ft | |
| Kitchen | 12.58 Ft x 12.92 Ft | |
| Recreational, Games room | 14.58 Ft x 17.58 Ft | |
| Furnace | 11.83 Ft x 12.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.92 Ft | |
| Bedroom | 11.00 Ft x 10.33 Ft | |
| Dining room | 13.67 Ft x 10.92 Ft | |
| Foyer | 9.17 Ft x 7.58 Ft | |
| Kitchen | 8.83 Ft x 12.42 Ft | |
| Laundry room | 8.92 Ft x 8.67 Ft | |
| Living room | 16.33 Ft x 13.92 Ft | |
| Primary Bedroom | 12.83 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
-1.10%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,026
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 23, 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 Olds. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.