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5407 48 Avenue
Backing onto green space and walking trails with a playground just across the street, this spacious 4-bedroom, 4-level split offers an exceptional location for families. Offering a fantastic combination of space, functionality, and location, this home is ideal for growing families. The main floor features a bright, semi-open-concept design with rich flooring, large windows, a generous dining area, and a welcoming living room centred on a beautiful stone-faced, wood-burning fireplace. The spacious kitchen offers an abundance of cabinetry and workspace, while garden doors lead directly to the side deck—perfect for summer BBQs and outdoor entertaining. Upstairs, you'll find three bedrooms, including the primary suite, complete with a walk-in closet and private 2-piece ensuite. A 4-piece bathroom serves the additional bedrooms on this level. The lower level is filled with natural light thanks to its large windows and offers a comfortable family room, fourth bedroom, 3-piece bathroom, laundry area, and direct access to the double attached garage with floor drain. The basement provides incredible flexibility with a large unfinished space ready for future development, along with an office/storage room, cold storage area, and utility room. Outside, the mature yard is surrounded by established trees, creating privacy and shade while still offering plenty of room for children, pets, and gardening. The brick exterior, attached double garage, and front parking pad add to the home's curb appeal and functionality. With parks, walking paths, and open green spaces right outside your door, this is a wonderful opportunity to enjoy both indoor comfort and outdoor living in a sought-after family location. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.75 Ft x 9.08 Ft | |
| Living room | 12.58 Ft x 19.75 Ft | |
| Laundry room | 5.58 Ft x 9.67 Ft | |
| Bedroom | 8.08 Ft x 12.50 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 11.08 Ft x 17.08 Ft | |
| Office | 8.67 Ft x 12.50 Ft | |
| Furnace | 11.00 Ft x 18.33 Ft | |
| Cold room | 5.08 Ft x 10.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.25 Ft x 7.25 Ft | |
| Living room | 12.17 Ft x 24.67 Ft | |
| Dining room | 9.75 Ft x 13.00 Ft | |
| Kitchen | 9.75 Ft x 17.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.00 Ft x 9.75 Ft | |
| Bedroom | 10.00 Ft x 9.75 Ft | |
| Primary Bedroom | 13.08 Ft x 13.17 Ft | |
| Other | 5.25 Ft x 6.00 Ft | |
| 2pc Bathroom | 4.17 Ft x 7.42 Ft | |
| 4pc Bathroom | 7.33 Ft x 8.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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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
11.29%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,207
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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 17, 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.