Property Details
5218 & 5216 56 Ave
Ponoka (A2324571)
Description
7.24% Cap rate once new rents are implemented. Unique property with several different options available. Full side by side duplex on 1 title. Each side is a 2 bedroom 1 bathroom.
Subdivision Potential: Possibility to subdivide lot to build a single- family home with a secondary suite.
Flexible Living and Investment Options: Rent both units for maximum income. Live in one unit and rent the other. Long term tenant in west unit wishes to stay. East unit is available immediately.
Upgrades and condition: East unit features a newly renovated kitchen. Both units have large windows throughout for abundant natural light. Property is well maintained and in excellent condition.
Accessibility: One level living, ideal for seniors or those with mobility needs.
Recent improvements: two new 100-amp electrical panels. LED lighting. Washer, Dryer, hot water tank replaced 3 years ago
Comfort and Convenience: West side – Window A/C unit. East side – stationary vented A/C in living room. Laundry room is separate from units and shared by both. Crawl space with concrete floor and individual counterflow furnaces. Commercial-grade torched down membrane roof system topped with aluminized silver reflective coating for durability and heat reflection. Underground power and cable / fibre optics.
Tenant and Owner Responsibilities: Owner pays water, sewer, and garbage. Tenant pays gas and electricity. Tenant also takes care of lawn maintenance and snow removal
Bonus Income Potential: Detached, insulated, and drywalled two-car garage – rentable separately for additional income or a perk for tenants.
Other potential options: Option to add a second floor to house. There is room at front of house to add front driveways.
Property details
- MLS® #
- A2324571
- Property Type:
- Residential
- Subtype:
- Full Duplex
- Subdivision:
- Central Ponoka
- Price
- $325,000
- Sale/Lease:
- For Sale
- Size:
- 1,454 sq.ft.
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1953 (73 years old)
- Structure Type:
- Duplex
- Building Style:
- Attached-Side by Side, Bungalow
- Garage:
- Yes
- Parking:
- Double Garage Detached, Off Street
- Fence:
- Fenced, Partial
- Basement:
- Crawl Space
- Features:
- Open Floorplan
- Inclusions:
- none
- Appliances:
- Dishwasher, Electric Stove, Oven, Wall/Window Air Conditioner, Washer/Dryer, Window Coverings
- Laundry:
- Common Area, Main Level
- Exterior Features:
- Private Yard
- Patio/Porch Features:
- Front Porch
- Outbuildings:
- Shed
- Nearby Amenities:
- Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Lot Size:
- 0 acres
- Lot Dimensions:
- 63 x 141 x 67.61 x 163.71
- Lot Features:
- Back Lane, Back Yard, Front Yard, Irregular Lot
- Zoning:
- R2
- Roof:
- Flat Torch Membrane
- Exterior:
- Wood Frame
- Floors:
- Carpet, Vinyl Plank
- Foundation:
- Other
- Heating:
- Forced Air, Natural Gas
- Cooling:
- Wall/Window Unit(s)
- Amenities:
- Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Possession:
- Immediate,Subject To Tenancy
- Days on Market:
- 46
Basic Info
Building Info
Neighborhood Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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