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Forestburg · Single Family · under $275,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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5402 47 Avenue W
Take a look at this great family home. Pride in ownership shows throughout. 1172 sqft. Bungalow, 5 bedrooms, 2 1/2 bathrooms. The main floor features a bright kitchen with breakfast bar. Spacious dining room to entertain family and friends. There are garden doors to the back deck. Very nice size living room. Primary bedroom has a two-piece en suite. There are two more bedrooms and a four piece main bathroom with linen closet. The finished basement boasts a huge family room with electric fireplace. More than enough space to have a separate seating area and games area.There are two more bedrooms, one with a walk-in closet and another three piece bathroom. The laundry room has more than enough storage space. Outside you will find a 26‘ x 26‘ attached garage. A back deck to enjoy your morning coffee with the added bonus of a built-in barbecue. The large backyard offers many opportunities. Room for another garage or RV parking. A few renovations over the years include, high efficient furnace, central air-conditioning, interior and exterior doors, windows, shingles. Just to mention a few. All this on a nice corner lot in the welcoming community of Forestburg. You will find K-12 school, Golf Course, swimming pool, tennis courts, hockey, Arena, shopping and restaurants. Small town living at its best. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.42 Ft x 14.42 Ft | |
| Other | 16.42 Ft x 9.33 Ft | |
| Bedroom | 9.42 Ft x 8.67 Ft | |
| Bedroom | 14.58 Ft x 8.67 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.92 Ft x 9.25 Ft | |
| Dining room | 13.33 Ft x 9.92 Ft | |
| Living room | 21.58 Ft x 11.83 Ft | |
| Primary Bedroom | 12.83 Ft x 9.92 Ft | |
| Bedroom | 10.00 Ft x 9.25 Ft | |
| Bedroom | 11.25 Ft x 9.50 Ft | |
| 4pc Bathroom | — | |
| 2pc Bathroom | — |
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
39.04%
Cap rate
12.67%
GRM
6.3
Break-even rent
$1,594
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.
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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 3, 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.
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