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106, 6108 53 Street
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Beds
1
Baths
1
Sqft
542
Year
1977
Type
Single Family
On market
34d
This updated one-bedroom condo at Westview Apartments is now vacant, clean, and move-in ready, offering an affordable opportunity for a first-time buyer, downsizer, or investor. Priced at just $115,000, it stands out as one of the most affordable home ownership options currently available in Central Alberta. With no age restrictions and a low-maintenance lifestyle, the property offers practical, budget-friendly living in a convenient Olds location.Offering 542 square feet of functional living space, the unit is located on the basement level with access via a half flight of stairs. The layout includes a spacious bedroom, a bright living and dining area, a four-piece bathroom, and a kitchen equipped with a refrigerator and electric stove. Recent updates including vinyl plank flooring and updated countertops give the condo a clean, modern feel while keeping maintenance simple and cost-effective. A 30 sq. ft. in-suite storage room adds useful extra space, and shared laundry facilities are conveniently located down the hall.Condo fees include heat and water, helping keep monthly ownership costs manageable. The building features generous green space, picnic tables, and outdoor common areas for residents to enjoy. The unit also comes with one assigned plug-in parking stall, along with visitor and street parking nearby.The location is highly convenient and walkable, with easy access to No Frills, Walmart, Sobeys, RONA, Canadian Tire, and the Cornerstone shopping district. Whether you are looking for an affordable place to call home or a straightforward investment property, this condo offers excellent value in today’s market. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 8.00 Ft x 9.42 Ft | |
| 4pc Bathroom | — | |
| Dining room | 8.25 Ft x 12.83 Ft | |
| Bedroom | 12.17 Ft x 9.17 Ft | |
| Storage | 5.83 Ft x 6.17 Ft | |
| Living room | 11.75 Ft x 9.08 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
30.65%
Cap rate
10.99%
GRM
6.8
Break-even rent
$782
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 Jun 9, 2026.
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.