5218 & 5216 56 Ave
Ponoka, Alberta

Summary

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 or another duplex. 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. 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 with silver 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.