Red Deer County Towns & Villages: Central Alberta Homes

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5020 56 Street
Dodds Lake Innisfail T4G 1R3

$279,900
Residential beds: 2 baths: 2.0 786 sq. ft. built: 1945

Main Photo: 5020 56 Street in Innisfail: Dodds Lake Detached for sale : MLS®# A2325887
Photo 1: 5020 56 Street in Innisfail: Dodds Lake Detached for sale : MLS®# A2325887
Photo 2: 5020 56 Street in Innisfail: Dodds Lake Detached for sale : MLS®# A2325887
Photo 3: 5020 56 Street in Innisfail: Dodds Lake Detached for sale : MLS®# A2325887
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Photo 29: 5020 56 Street in Innisfail: Dodds Lake Detached for sale : MLS®# A2325887
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2325887
Bedrooms:
2
Bathrooms:
2
Year Built:
1945
Charming 2 Bedroom, 2 Bathroom Home on a Mature Lot Near the Lake! Situated on a beautifully maintained oversized lot just steps from the lake and scenic walking trails, this charming home offers incredible value and endless potential for first-time buyers, investors, or anyone looking to make a home their own. The mature yard is a true highlight, featuring established trees, gorgeous perennial flower beds, a peaceful gazebo sitting area, and plenty of outdoor storage for all your gardening tools, seasonal items, and hobbies. An attached single garage is perfect for tinkering or storing a smaller vehicle, while the front parking pad provides space for two additional vehicles. Inside, you'll appreciate the spacious front entry and the thoughtful layout. A main floor bedroom was previously incorporated into the living space, creating a larger and more functional kitchen, dining, and living area that's perfect for everyday living and entertaining. The updated kitchen offers an abundance of cabinetry and counter space, making meal prep a breeze. The living room also offers future potential, as the former east-facing window could be reopened to bring in additional natural light or accommodate the addition of another room if desired. A 4-piece bathroom completes the main floor. The lower level features the primary bedroom, a convenient 2-piece bathroom, laundry area, and plenty of storage space. Major updates have already been completed, including electrical and plumbing, providing peace of mind for the next owner. While the home could benefit from a fresh coat of paint due to previous smoking, it has been well cared for over the years and presents an excellent opportunity to build equity with a few cosmetic updates. Whether you're a first-time home buyer, downsizer, or investor, this property is full of potential in a fantastic location.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
786 sq. ft.
Below Grade Finished Area:
430 sq. ft.
Acreage:
No
Lot Area:
6,500 sq. ft.
Lot Frontage:
50'
Front Exposure:
South
Levels:
One
Total Rooms Above Grade:
1
Year built:
1945 (Age: 81)
Bedrooms:
2 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms On Main:
1
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Num Ensuite Baths:
0
Plan:
P
Heating:
Forced Air
Basement:
Full, Finished, None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Metal Siding, Other, Wood Frame
Structure Type:
House
Roof:
Metal
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
1
Parking:
Off Street, Parking Pad, RV Access/Parking, Single Garage Attached
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Dodds Lake (Innisfail)
Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove(s), Washer, Window Coverings
Fridge, Stove, Dishwasher, Microwave, Washer, Dryer, Window Coverings, Shed, Garden Shed, Greenhouse
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
14'5" × 8'7"
Basement
Bedroom - Primary
16'3" × 10'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 7'
Basement
No
2
5' x 5'11"
Title to Land:
Fee Simple
Community Features:
Fishing, Golf, Lake, Park, Playground, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Storage, Wood Windows
Exterior Features:
Garden, Other, Storage
Patio And Porch Features:
Porch
Lot Features:
Back Yard, Few Trees, Garden, Landscaped, Lawn, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer County
Zoning:
R-2
Listed Date:
Jul 01, 2026
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Listed by Royal LePage Network Realty Corp.
Data was last updated July 4, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$419,900
Min list price:
$171,900
Max list price:
$749,000
Avg days on market:
23
Min days on market:
1
Max days on market:
124
Avg price per sq.ft.:
$352.23
These statistics are generated based on the current listing's property type and located in Innisfail. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
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.