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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.

The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® and REALTORS® are trademarks of CREA.

5542 Prairie Ridge Avenue

For SaleMLS® #A2323845Pillar 9

$309,900

65 days on hômm

Est. $1,624/mo incl. taxes · 20% down @ 4.49%

5542 Prairie Ridge Avenue

Panorama Estates, Blackfalds, Alberta T4M 0C2

5542 Prairie Ridge Avenue in Panorama Estates, Blackfalds — listing provided by Andrew Russell

3
Beds
2 full + 1 half
Baths
1,292
Sqft
2009
Built
Residential2 StoreyTownhouse

Talk to a partner REALTOR®

Local partner agents · typically reply within a few hours

Call (825) 797-5417·Text us

Description

This well maintained 2 storey townhome is an excellent opportunity for investors, offering a tenant already in place with a lease secured through June 2027. Situated close to shopping, restaurants, schools, across the street from a park, and steps to walking trails and other everyday amenities, this property is located in a convenient, family friendly location and is a great addition to any investment portfolio. Step inside to a bright and functional main floor featuring a spacious front living room that flows through to the kitchen and dining areas. The kitchen offers oak cabinetry, plenty of counter space, a pantry, and an eating bar for casual meals or entertaining. The adjoining dining area provides access to the rear deck and fully fenced backyard, while a convenient 2 pce powder room completes the main level. Upstairs you'll find three bedrooms, including a spacious primary suite with a walk-in closet, while two additional bedrooms share the well appointed 4 pce bathroom. The unfinished basement offers excellent potential for future development, with room to add additional living space, a bedroom, or family room if desired. Outside, the fully fenced backyard offers plenty of green space along with a raised deck for outdoor enjoyment. A large swing gate at the rear fence provides access to a designated RV or boat parking area, offering added flexibility, and the attached garage and front driveway provide ample off street parking. Whether you're looking to add to your investment portfolio or purchase a property with a tenant already in place, this is an excellent turn key opportunity! Current lease is $1695/mo and tenant pays all utilities.

Included with Sale

DishwasherGarage Control(s)Microwave Hood FanRefrigeratorStove(s)Washer/DryerWindow Coverings

Nearby Amenities

ParkPlaygroundSchools NearbyShopping NearbySidewalksStreet Lights

Basement

Full,Unfinished,None

Parking

1 Garage

Heating

Forced Air,Natural Gas

Cooling

None

Financial Information

Property Taxes

$2,964/year (2025)

Lot Information

Lot Size

2,363 sq ft

Acres

0.05

Width

20.05 ft

Back LaneBack YardFront YardInterior LotLow Maintenance LandscapeRectangular Lot

Rooms (8)

Main

Living Room
19,685 sq ft
155.0 × 127.0 ft (19,685 sq ft)
Dining Room
92,011 sq ft
101.0 × 911.0 ft (92,011 sq ft)
Kitchen
101,101 sq ft
91.0 × 1111.0 ft (101,101 sq ft)
2pc Bathroom
2,750 sq ft
55.0 × 50.0 ft (2,750 sq ft)

Second

Bedroom
9,951 sq ft
93.0 × 107.0 ft (9,951 sq ft)
Bedroom
12,096 sq ft
96.0 × 126.0 ft (12,096 sq ft)
Zoning: R2

Location

Map of 5542 Prairie Ridge Avenue
DirectionsOpen in Maps
See Panorama Estates on the mapRecently sold nearby (sign in for prices)

MLS® #: A2323845

Listing provided by Andrew Russell

Brokerage: RE/MAX real estate central alberta

Photos: 24 images

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Website provided by Kelly Grant

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on July 27, 2026 at 4:54 pm MDT