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1 Park Lane , Whitecourt, AB

$499,900

Residential · MLS® A2296053
3Bedrooms
4Bathrooms
1,632Sq Ft
2Garage
1994Year Built
02 / Overview

PROPERTY OVERVIEW

Spacious and versatile home offering excellent flexibility for growing families! Currently configured as a 3-bedroom property for MLS purposes, this 1.5-storey home also features additional basement rooms that can function as bedrooms, office space, or hobby rooms—providing potential for up to 5 sleeping areas.

The main floor showcases a unique and functional layout with vaulted ceilings, a large kitchen, and an open-concept dining and living area at the back of the home—perfect for everyday living and entertaining. A second, more private...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,632 sq ft
Lot Size8,820 sq ft
ZoningR-1A
HeatingForced Air • Natural Gas
CoolingNone
ParkingAdditional Parking • Double Garage Attached • Front Drive • RV Access/Parking
ExteriorPrivate Yard
BasementFull
Year Built1994
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$682After mortgage & expenses
Cap Rate6.1%Based on market rents
Cash on Cash Return8.2%With 20% down payment
Est. Monthly Rent$3,006Based 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 PriceN/A
Active ListingsN/A
Listed by AMANDA STANCHFIELD · RE/MAX ADVANTAGE (WHITECOURT)