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Investment signal

$479,900

23 Riverside Drive

Save this home

Beds

4

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Welcome to 23 Riverside — a versatile and beautifully maintained home offering space, functionality, and an unbeatable location for outdoor enthusiasts. This 4-bedroom home features approximately 1,300 sq ft on the main level, thoughtfully designed with two spacious living room areas. The second living room offers flexibility and could easily be converted into an additional bedroom, home office, or flex space to suit your needs. A convenient 5-foot crawl space beneath provides excellent extra storage. The lower level includes a bright and inviting 2-bedroom in-law suite, complete with large windows that fill the space with natural light — perfect for extended family or potential rental income. Situated on an impressive 100 x 150 ft lot, the property is surrounded by mature 15-foot cedar hedges, offering privacy and a serene setting. The large driveway provides ample space for vehicles, trailers, or recreational toys. A standout feature is the 20 x 24 heated garage — ideal for year-round use. Located just minutes from the Wanapitei River boat launch, this home is perfect for those who love boating, fishing, or simply enjoying the outdoors. A rare opportunity to own a flexible home on a generous lot in a sought-after location. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Stories
1
On market
Apr 24, 2026
Status changed
Apr 27, 2026
Zoning
R1-5
Photos
62
MLS#
2127298
Area
WAHNAPITAE

Features and systems

Parking

Detached Garage

Basement

Full

Heating

Forced air

Cooling

Central air conditioning

Exterior

Stone

Flooring

LaminateCarpetedLinoleum

Roof

Asphalt shingleUnknown

Foundation

Block

Community

Family OrientedQuiet AreaCommunity Centre
Negative cash flow ~$90/mo at these assumptions

Cash on cash

-1.13%

Cap rate

4.64%

GRM

13.8

Break-even rent

$2,995

Financing

Down payment$95,980
Loan amount$383,920
Mortgage$1,945/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$220
Insurance$80
Maintenance$400
CapEx reserve$200
Vacancy loss$145

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 $1,945/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 27, 2026.

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