pillar/IMG-A2208374_1.jpg
8 days on Market

5410 55 St, Ponoka, Alberta T4J1L8

Detached
3
1
~1952.00 sqft
$479,000
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Detached
3
1
~1952.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$245/sqft

Est. Mortgage$2,057/mo

Tax Amount (2024)$4,469/yr

Days On Market8 days


Description

EXPERIENCE this investment opportunity in this full duplex converted into an illegal fourplex, offering potential cash flow and solid long-term potential! This fully occupied property is currently generating $4300/M in gross rental income. With operating expenses, covering property management, utilities (boiler gas, water/sewer) garbage removal and yard maintenance. All the units have heat included because it's a boiler system, and there is only 1 water meter. The tenants each pay their own electricity and Wi-Fi/cable if desired. Suite Breakdown: Three 3-bedroom units and One 2-bedroom unit. Each suite is self-contained with its own washer, dryer, fridge and stove, making them highly desirable for tenants. Additional features include rear lane access and 4 dedicated parking stalls, providing convenience and functionality. Tenants appreciate the property's prime location near schools and amenities. Photos and room measurements provided in the listing are of Unit 3. This is a turnkey revenue property and investor opportunity to add to any real estate portfolio.


Property Details

StyleAttached-Up/Down,Bi-Level
View-
Age of property1973
SqFt~1952.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2208374
Community NamePonoka
Data SourcePILLAR 9
Listing byRealty Experts Group Ltd

Features

Heating: Boiler
Basement: Finished,Full

Main Floor

Kitchen

15`5" x 8`1"

Living Room

11`0" x 20`8"

Bedroom

9`9" x 8`2"

Bedroom

12`4" x 9`0"


Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

May 1, 2025
ListedActive
$479,000
8 days on market
history photo preview20
Listing by pillar 9®
Property listed by Realty Experts Group Ltd, Brokerage
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Market Data - Ponoka

Geo Zone Map ThumbnailPonoka

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

66 days

Compared to

2024

21 days

2023

64 days

New Listings

Past 30 days

17 listings

Compared to

2024

24 listings

2023

13 listings

Units sold

Past 30 days

7 units

Compared to

2024

8 units

2023

13 units

Median Sold Price

Past 30 days

$320,000

Compared to

2024

$262,000

2023

$238,000


Population and Demographics

Overview

Total population 6316
Average household income $105,798

Age (%)

0 to 19
24%
65 and plus
21%
50 to 64
20%
20 to 34
18%
35 to 49
17%

Household composition (%)

Single family
59%
Single person
36%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
89%
Tagalog (Pilipino, Filipino)
5%
Others
3%
German
1%

House tenancy (%)

Owners
72%
Renters
28%

Schools and amenities

Estimated Budget