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Investment signal

$259,000

830 6 Avenue

Save this home

Beds

Baths

Sqft

—

Year

1946

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Wainwright. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Revenue Generating Home! Built in 1946, this charming 970 sq ft bungalow with basement suite offers both character and modern peace of mind. The main floor features a sunny primary bedroom and a small second bedroom/office on the main floor. The one-bedroom basement suite with a separate entrance provides excellent flexibility for living or rental income, with shared laundry for added convenience. The home boasts large PVC windows throughout, 9 ft ceilings on the main floor and 8 ft ceilings in the basement suite, enhancing the sense of space and comfort. Enjoy worry-free living with extensive upgrades completed in 2017, including new insulation, electrical, plumbing, flooring, and fully renovated kitchens & bathrooms—the home was taken down to the studs and thoughtfully rebuilt. In 2025, the main sewer line was replaced, adding even more value and reliability. Situated on a large private lot with new fencing close to main street shopping, schools, parks & recreation facilities, this property is ideal for first-time home buyers or savvy investors looking for an income-generating opportunity. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 970 square feet
Lot size: 7,000 square feet
Lot dimensions: 7000.00
Bedrooms: 2 above grade, 1 below grade
Parking: 2 total
Stories: 1
On market: Apr 28, 2026
Status changed: Apr 28, 2026
Annual tax: $1,966 (2025)
Zoning: R2
Photos: 31
MLS#: A2306027
Area: WAINWRIGHT

Features and systems

Parking

Detached GarageGravel

Basement

FinishedFullSeparate entranceSuite

Appliances

WasherRefrigeratorDishwasherStoveDryerHood FanWindow Coverings

Heating

Forced airNatural gas

Cooling

None

Exterior

Stucco

Construction

Wood frame

Flooring

TileVinyl

Foundation

Poured Concrete

Community

Golf Course Development

Positive cash flow ~$708/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

16.39%

Cap rate

8.14%

GRM

9.0

Break-even rent

$1,655

Financing

Down payment$51,800

Loan amount$207,200

Mortgage$1,050/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$119

Insurance$80

Maintenance$216

CapEx reserve$108

Vacancy loss$120

Estimates 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.

Mortgage estimate

Estimated $1,050/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.