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Reduced $25,000 (3%) from $714,900
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1015 16 Street NE
Beds
4
Baths
2
Sqft
1,161
Year
1960
Type
Single Family
On market
19d
Set in the established inner-city community of Mayland Heights, this updated bungalow offers a bright, functional layout, modern finishes, and a special backyard setting. Backing directly onto Deerfoot Park, the property has no rear neighbours, green space behind the home, alley access, and mountain views from the yard and deck, creating a rare sense of privacy and connection to the outdoors.Inside, the foyer opens into a comfortable front living room where large windows bring in natural light and connect easily to the main living areas. Wide-plank flooring, soft neutral tones, and clean modern finishes make the main level feel fresh, polished, and move-in ready.At the heart of the main floor is the kitchen, designed for both style and function. Crisp white cabinetry, quartz countertops, stainless steel appliances, a sleek chimney hood fan, built-in wall oven and microwave, and a large central island create a bright, modern workspace. The island offers seating for casual meals or conversation, while the sink window looks out toward the backyard, Deerfoot Park, and green space beyond. Just off the kitchen, the dining area offers direct deck access.The main floor includes two bedrooms, including a comfortable primary bedroom with closet space and a second bedroom ideal for kids, guests, or a home office. A renovated 4-piece bath continues the clean, modern feel with light cabinetry, updated fixtures, and a bright neutral finish. Main floor laundry adds everyday convenience.Downstairs, the LEGAL 2-BED SUITE adds versatility and value. The lower level includes a spacious rec room, full kitchen, two bedrooms, a 5-piece bath, separate laundry, storage, and utility space. With only cosmetic updates needed, the suite offers potential for rental income, multi-generational living, or a flexible mortgage-helper setup. Buyers who prefer one larger home can also use the lower level as expanded space for guests, teenagers, media, gym, or playroom use.Outside, the backya rd is a true standout! Rather than backing onto another home, the yard opens directly onto Deerfoot Park, with mature trees, a large lawn, rear deck, alley access, and mountain views. There is room to play, garden, entertain, watch the sunset, or simply enjoy having a park as your backdrop. The detached garage adds secure parking and extra storage.Mayland Heights is loved for its central access, mature streets, elevated views, and quick connection to major routes, but this park-backing position is what sets it apart. Step into green space right from your backyard while still being near Belfast School, Sir John Franklin School, Mayland Heights School, playgrounds, pathways, and community amenities. With fast access to Deerfoot Trail, Memorial Drive, 16 Avenue NE, Barlow Trail, and downtown, plus nearby shops, restaurants, Sunridge Mall, Costco, TELUS Spark, and the Calgary Zoo, this home offers a renovated main floor, legal suite flexibility, a real yard, and a rare park-backing setting. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.33 Ft x 10.50 Ft | |
| Bedroom | 10.58 Ft x 11.33 Ft | |
| Kitchen | 13.33 Ft x 17.58 Ft | |
| Recreational, Games room | 13.33 Ft x 16.17 Ft | |
| Laundry room | 2.92 Ft x 3.50 Ft | |
| Furnace | 5.08 Ft x 7.83 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.58 Ft x 13.17 Ft | |
| Kitchen | 12.75 Ft x 15.08 Ft | |
| Dining room | 8.75 Ft x 11.00 Ft | |
| Primary Bedroom | 10.75 Ft x 13.08 Ft | |
| Bedroom | 8.92 Ft x 14.58 Ft | |
| Laundry room | 2.92 Ft x 4.67 Ft | |
| 4pc Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.98%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,269
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 2, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.