3, 5311 57 Avenue

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$245,000

3, 5311 57 Avenue

Lucas Heights, Ponoka · MLS® A2342057

212

1,050 sq ft · Townhouse · Single Family · built 2015 · 52 days on market

listed by Todd Sparrow, Royal LePage Network Realty Corp.

realtor's description

Check out this this wonderfully cared for bungalow style townhome in Luas Heights. Quality workmanship modern decor and high end finishing you might not find in other town homes like this. Basement with lots of wide open space ready for your ideas is fully drywalled and wired. Unit features large primary bedroom, custom kitchen cabinets, and beautiful high end laminate through main live area. Basement common wall between the units was done with block construction providing super sound proof barrier. And best of all this is a end unit!

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 1
living area: 1,050 sq ft
parking: 2
year built: 2015
property tax: $2,660 / yr
strata fee: $285 / mo ($0.27 / sq ft)
strata rules: Pets Allowed, Pets Allowed With Restrictions
days on market: 52
MLS®: A2342057

features

Back lane
PVC window
No neighbours behind
No Animal Home
No Smoking Home
Parking

property tax

about $2,884 a year

The asking price times Ponoka's 2026 residential rate of 11.77 per $1,000 (municipal and education).

The listing shows $2,660 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,574/mo

Mortgage $1,067 · Tax $222 · Strata $285

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,067/ monthly

loan $196,000

25-year amortization

down payment20% · $49,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $124,232
land title fees: $545; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $49,545; down + land title fees
total paid: $320,232

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,660/mo
after all costs: −$222/mo
cap rate: 4.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,067 · tax $222 · strata $285 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca