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742 5 Street S
Beds
4
Baths
2
Sqft
1,124
Year
1950
Type
Single Family
On market
14d
After 30 years of ownership, these sellers have decided to sell this 4 bedroom, 2 bathroom home. Enjoyed only 3 renters in all those years! The renters said they loved the convenient location!! This Bungalow features a 54' x 133' lot , including super single garage with extra parking spots and attached to the garage is a shed/hobby space or perhaps a future greenhouse or studio. There is plenty of room for the dogs, kids or trampoline in the very private backyard. You will notice the many improvements over the years including kitchens, flooring , paint, fixtures,furnace approx 20 years old), hot water tank, updated electric panel , windows, shingles installed Dec 2023), garage door, brand new fencing, and landscaping too! The houses built in this era of construction were built like tanks and I am sure you will appreciate the many expensive improvements that make this a move in ready property. The main floor kitchen has custom cabinets, installed by an excellent finishing carpenter! The location has been very convenient, on the edge of London Road district, steps away from Kiwanas Park with easy access to all surrounding areas of the city! The location of this home brings with it, the charm and love of London Road District from the mature, tree lined streets to the views of our famous coulees . This is an ideal first time buyers property , maybe helping a family member with the separate living set up or remain as an income property with the illegal basement suite. (Evidence of the Basement suite use dates back to the 80's.) The generous amount of windows in this raised bungalow allow a ton of natural light both up and downstairs!! If you function best with natural light, you will love this house!! Be sure to put this one on your list if you want a solid home that is ready for you to just unpack your boxes and enjoy!! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 9.42 Ft x 11.67 Ft | |
| Living room | 13.00 Ft x 15.00 Ft | |
| Bedroom | 11.00 Ft x 13.00 Ft | |
| Bedroom | 9.00 Ft x 12.33 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 10.00 Ft x 16.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.42 Ft x 12.00 Ft | |
| Dining room | 10.00 Ft x 15.00 Ft | |
| Living room | 15.00 Ft x 16.67 Ft | |
| Primary Bedroom | 11.67 Ft x 14.00 Ft | |
| Bedroom | 11.67 Ft x 11.17 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
3.20%
Cap rate
5.50%
GRM
12.2
Break-even rent
$2,661
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 May 27, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lethbridge. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.