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306 - 5415 54 Street

306 - 5415 54 Street, Ponoka, AB T4J 1M9

306 - 5415 54 Street is a condo building in the Central Ponoka area of Ponoka, Alberta. It was built in 1978 and stands 3 storeys tall.

Central Ponoka
Year Built
1978
Floors
3
Building Type
Low-rise apartment

Market Overview

Avg Sold Price
$1,925,000
Median Sold
$1,925,000
Price Range
$1,925,000 – $1,925,000
Sales (2yr)
1
Avg Days on Market
46

Last sale: Apr 28, 2025

Policies

Rental PolicyRental building; rents to be increased toward market on July 1, 2025.

Known Issues & Notes

Repairs/Projects

Recently installed two new boilers (hot water heat), new common area flooring, fibreglass roof shingles, acrylic stucco, updated windows, Dura Deck and deck rails, units updated over time.

About This Building

This 18-unit low-rise apartment building at 306–5415 54 Street in Central Ponoka was built in 1978 and comprises 17 two-bedroom and one one-bedroom suite. The building offers investor appeal with recent capital improvements including new boilers, roof shingles, siding, windows, and deck upgrades. Parking includes 18 electrified stalls with plug-in capability. The property has maintained historically low vacancy rates. Prospective buyers should obtain a professional review of the reserve fund study, financial statements, board minutes, bylaws, and insurance documentation to understand the building's condition, upcoming capital needs, and reserve adequacy.

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