01 / Property Detail

NONE

5507 Shannon Drive , Olds, AB

$629,900

Residential · MLS® A2289509
3Bedrooms
3Bathrooms
1,683Sq Ft
2Garage
1992Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to this well maintained 1992 bungalow nestled in a quiet, family-friendly neighborhood. From the moment you step into the large welcoming foyer, you’ll appreciate the bright, open-concept design with an abundance of windows and natural light.

The sunken living room features vaulted ceilings and a cozy gas fireplace, creating a warm yet airy gathering space. Just off the foyer is a versatile office or sitting room—perfect for working from home or enjoying a quiet retreat. The spacious dining area is...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,683 sq ft
Lot Size12,227 sq ft
ZoningR1
HeatingIn Floor • Fireplace(s) • Forced Air • Natural Gas
CoolingNone
ParkingDouble Garage Attached
ExteriorPrivate Yard
BasementFull
Year Built1992
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$304After mortgage & expenses
Cap Rate5.0%Based on market rents
Cash on Cash Return2.9%With 20% down payment
Est. Monthly Rent$3,095Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

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Needs Review
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Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Kathy LaFreniere · Coldwell Banker Vision Realty