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55 Edgewood Drive
Welcome home to this spacious and well-maintained bungalow offering 5 bedrooms, 3 bathrooms, and plenty of room for the growing family. This property combines practical updates with a functional layout designed for comfortable everyday living.The bright main floor features three bedrooms, including a primary suite complete with its own 3-piece ensuite. The kitchen has been refreshed with new flooring and comes with granite countertops, a moveable island, brand new stove and microwave, and a convenient walk-in pantry. A 4-piece main bathroom serves the additional bedrooms on the main level.Downstairs, the fully developed basement offers two additional bedrooms, a 3-piece bathroom, and plenty of versatile living space for family, guests, hobbies, or a home office.Recent updates provide peace of mind, including brand new shingles (2026), a hot water tank replaced in 2020, a new sump pump, and a furnace that has been cleaned within the last four years. The insulated double attached garage adds convenience and extra storage.Step outside to enjoy the fully fenced backyard, featuring a large deck framed for privacy screens and a hot tub —perfect for relaxing, entertaining, or enjoying warm summer evenings.Located just a couple block from Jack Stuart School, you will have peace of mind knowing you live in an ideal family neighborhood in a desirable part of town. This move-in-ready home offers an excellent combination of space, updates, and value. Don't miss your opportunity to make it yours! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 16.00 Ft x 10.42 Ft | |
| Bedroom | 11.42 Ft x 11.58 Ft | |
| 3pc Bathroom | — | |
| Living room | 10.92 Ft x 21.67 Ft | |
| Recreational, Games room | 9.67 Ft x 15.67 Ft | |
| Storage | 11.50 Ft x 9.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 16.00 Ft x 12.00 Ft | |
| Living room | 12.08 Ft x 13.25 Ft | |
| 4pc Bathroom | — | |
| Dining room | 7.75 Ft x 9.00 Ft | |
| Primary Bedroom | 11.58 Ft x 14.67 Ft | |
| Bedroom | 11.00 Ft x 9.33 Ft | |
| Bedroom | 9.83 Ft x 8.92 Ft | |
| 4pc 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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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 Jun 16, 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.