$325,000
FOR SALE

Multiplex Bungalow

5218 56 Avenue
Ponoka, AB T4J 1G6

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. 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 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 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. (id:47421)
Share
Listed By Royal LePage Lifestyles Realty
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2269138
Last Updated Mar 25, 2026
Property Summary
Property Type Multiplex

More like this:
Community Central Ponoka
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Listing Contract Date 2025-11-05
Municipal ID 0017267386
Ownership Type Freehold
# of Parking Spaces 4
Plan 1614ET
Property Type Multi-family
Transaction Type For sale
Zoning Description R2
Building
Architectural Style Bungalow
Basement Type Crawl space
Constructed Date 1953
Construction Style (Attachment) Attached
Cooling Type Window air conditioner, Wall unit
Flooring Type Carpeted, Vinyl Plank
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 1
Total Finished Area 1453.78 sqft
Type Multi-Family
Parking Spaces
Name Spaces
Detached Garage2
Land
Total Size Unknown

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)