5 Beds
2 Baths
1,066 SqFt
5 Beds
2 Baths
1,066 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1066.0
Square Footage 1,066 sqft
Price per Sqft $347
Subdivision Riverside
MLS Listing ID A2335539
Style Bungalow
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1961
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Detached
Property Description
This bungalow is set up with two fully separate living spaces,each with its own private kitchen,and both levels are currently rented. The main floor offers a bright and functional 3-bedroom layout,ideal for a long-term renter,while the lower level features a comfortable 2-bedroom suite,perfect for a smaller household,a couple,or a single tenant looking for an affordable,self-contained space. With each level operating independently and its own kitchen and entrance,this property offers flexibility for an investor looking to maximize rental income from day one,without the hassle of major renovations or upgrades needed to get started.
What truly sets this property apart is the tenancy already in place. Both units are occupied by long-term,great tenants who take excellent care of the home and have expressed a strong desire to stay on. For an investor,this means stable cash flow with no vacancy gap,no scrambling to find renters,and no downtime between closing and collecting rent. Reliable,respectful tenants are one of the most valuable assets an income property can have,and this one already has them in place.
The home has also been maintained,with several key updates already completed. A new hot water tank has recently been installed,along with a new dishwasher,both practical upgrades that reduce maintenance headaches and add value for tenants and owners alike. Select windows throughout the home have also been upgraded to triple-pane,helping improve energy efficiency and comfort year-round. A single detached garage adds extra parking and storage on top of the plentiful storage space already found throughout the property,a feature tenants and owners alike always appreciate.
Riverside is one of Ponoka's most desirable pockets,known for family-friendly streets,mature trees,and proximity to green space along the river valley. Residents enjoy easy access to walking and biking trails that wind along the water,along with nearby parks and the ball diamond for evenings and weekends filled with outdoor activity.
Whether you are an experienced investor looking to add an asset to your portfolio,or a buyer interested in house by living in one unit while renting the other,this property checks the boxes: location,income potential,recent updates,a detached garage,and dependable tenants already in place. Opportunities like this,with two income-producing units and long-term tenants who want to stay,do not come up often in Ponoka's market.
Location
Province AB
County 0255
Community Fishing, Park, Playground, Walking/Bike Paths
Zoning R2
Location Details Suite Attached/Within Primary Dwelling
Rooms
Basement Drop Ceiling, Full, Finished
Guest Accommodations Basement
Interior
Interior Features Built-in Features, Laminate Counters, Vinyl Windows, Wood Windows
Heating Forced Air, Natural Gas
Cooling None
Flooring Ceramic Tile, Laminate, Linoleum
Fireplaces Number 1
Fireplaces Type Gas
Fireplace Yes
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry In Basement
Exterior
Exterior Feature Storage
Parking Features Single Garage Detached
Garage Spaces 1.0
Fence None
Community Features Fishing, Park, Playground, Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Deck
Total Parking Spaces 2
Garage Yes
Building
Lot Description Back Lane, Back Yard, Few Trees
Dwelling Type House
Faces E
Story One
Foundation Poured Concrete
Architectural Style Bungalow
Dwelling Type Suite Attached/Within Primary Dwelling
Level or Stories One
New Construction No
Others
Restrictions None Known
Virtual Tour https://youriguide.com/4204_45_st_ponoka_ab/
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