What is the price of 5218 & 5216 56 Ave?

This property is listed at $325,000 CAD.

Where is 5218 & 5216 56 Ave located?

This property is located at 5218 & 5216 56 Ave in Ponoka, Alberta, Canada.

What is the size of 5218 & 5216 56 Ave?

This property has 1,454 square feet of living space.

How can I schedule a viewing of 5218 & 5216 56 Ave?

Contact Rachel McQueen by phone at (403) 872-7785 or email at rachel.mcqueen@remax.net to schedule a viewing or request more information about this property.

Home
Listings
Ponoka
5218 & 5216 56 Ave, Ponoka

5218 & 5216 56 Ave, Ponoka

Ponoka, Alberta, T4J1G6

MLS®: A2324571

Listing photo – 5218 & 5216 56 Ave, Ponoka

$325,000

Active

4 Beds 2 Baths 1,454 square feet living area 0 acres lot

Property 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 agoComfort 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 removalBonus 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

Property Information

Type: Multi-family
Ownership: Freehold
Year Built: 1953
Storeys: 1
Listed: 62 days ago (Jun 26, 2026)
Annual Tax: $2,518 (2026)
Subdivision: Central Ponoka
Photos: 47 photos
MLS®: A2324571

Interior

Bedrooms: 4 above grade
Bathrooms: 2 full
Above-Grade Area: 1,454 square feet
Heating: Forced air, Natural gas
Cooling: Window air conditioner, Wall unit
Flooring: Carpeted, Vinyl Plank
Basement: Crawl space

Building

Style: Bungalow
Foundation: See Remarks
Construction: Wood frame

Land / Lot

Lot Size: 0 acres
Lot Dimensions: 0.22
Fencing: Fence, Partially fenced
Zoning Detail: R2

Parking & Utilities

Parking Total: 4
Parking: Detached Garage, Other

Features

Features: Back lane
Appliances: Dishwasher, Stove, Oven, Window Coverings, Washer & Dryer, Window/Sleeve Air Conditioner

Rooms

Room	Level	Dimensions
4pc Bathroom	Main level
4pc Bathroom	Main level
Bedroom	Main level	7.83 Ft x 9.00 Ft
Dining room	Main level	6.92 Ft x 12.25 Ft
Kitchen	Main level	10.17 Ft x 12.08 Ft
Living room	Main level	9.50 Ft x 12.25 Ft
Primary Bedroom	Main level	9.33 Ft x 12.58 Ft
Bedroom	Main level	7.83 Ft x 8.92 Ft
Kitchen	Main level	10.25 Ft x 12.33 Ft
Living room	Main level	12.25 Ft x 16.42 Ft
Primary Bedroom	Main level	9.42 Ft x 12.50 Ft
Laundry room	Main level	7.92 Ft x 12.50 Ft