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256 N 1 Street W, Magrath, AB

$189,999

Residential · MLS® A2332976
2Bedrooms
1Bathrooms
818Sq Ft
2Garage
02 / Overview

PROPERTY OVERVIEW

A great opportunity to own this 2 bedroom, 1 bathroom home situated on a large lot in a fantastic location! Whether you’re looking for an affordable first home or a potential revenue property, this one is worth a look. Some of the demolition has already taken place, giving you a head start on renovations, while still leaving plenty of opportunity to make it your own. The furnace was replaced in 2025, and has a 100-amp electrical panel. The .5 acre...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area818 sq ft
Lot Size20,908 sq ft
ZoningResidential
HeatingForced Air
CoolingNone
ParkingParking Pad
ExteriorPrivate Yard
BasementCrawl Space
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$629After mortgage & expenses
Cap Rate8.4%Based on market rents
Cash on Cash Return19.9%With 20% down payment
Est. Monthly Rent$1,532Based 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 Brooks Maxwell · Onyx Realty Ltd.