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5416 55 Street
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Beds
5
Baths
3 full + 1 half
Sqft
1,081
Year
1968
Type
Single Family
On market
54d
This charming and spacious bungalow presents an excellent opportunity for first-time buyers, empty nesters, or those looking to add a solid property to their investment portfolio. Offering a functional layout and generous living space, this home is designed for both comfort and versatility. As you step inside, you are welcomed by a sizable and inviting living room, now enhanced with a new window that fills the space with natural light perfect for relaxing or entertaining. The well-appointed kitchen offers plenty of workspace and features a stylish concrete countertop, seamlessly connecting to a dedicated dining area with ample room to host family and friends. A new garden door off this area provides easy access to the backyard and deck, blending indoor and outdoor living. The main floor features two comfortable bedrooms along with a spacious primary bedroom complete with a large closet. A full bathroom conveniently serves this level, providing practical everyday living. Downstairs, the fully developed lower level expands your living space. Here you will find a large recreation room, two additional bedrooms, and a fully renovated half bathroom, along with an additional bathroom featuring a two-person hot tub creating a perfect space to unwind. This level is further complemented by a designated laundry area and a separate storage room for added functionality. This home has seen several updates over the years, including new flooring, as well as kitchen and bathroom improvements, adding both value and peace of mind. Step outside to enjoy the expansive partially covered rear deck, offering plenty of space to take in the warmer months in your own private backyard. The yard is fully fenced, providing peace of mind for families and pets. A detached double garage completes the property, offering secure parking and additional storage. With its spacious layout, thoughtful updates, and desirable location close to schools, hospital, and shopping, this property checks all t he boxes. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Laundry room | 6.58 Ft x 7.00 Ft | |
| Other | 2.75 Ft x 7.92 Ft | |
| Bedroom | 10.58 Ft x 13.00 Ft | |
| Bedroom | 10.75 Ft x 13.42 Ft | |
| Family room | 10.75 Ft x 24.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Living room | 11.92 Ft x 19.58 Ft | |
| Dining room | 7.92 Ft x 12.92 Ft | |
| Kitchen | 8.92 Ft x 13.00 Ft | |
| 4pc Bathroom | — | |
| Primary Bedroom | 10.00 Ft x 12.92 Ft | |
| Bedroom | 9.33 Ft x 9.83 Ft | |
| Bedroom | 8.25 Ft x 9.17 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).
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 Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ponoka. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.