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Reduced $14,900 (2%) from $699,900
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1076 Cranston Drive SE
LEGAL Basement Suite | New Roof and Flooring | Separate Entrance | Open to Above Floor Plan | 5 Bed 4 Bath. Welcome to this bright, spacious home with a LEGAL basement suite and incredible income potential in a highly convenient location. The main floor features an inviting open-to-above floor plan that creates an airy and bright atmosphere, with a comfortable living room, dining area, and well-appointed kitchen forming the heart of the home. A versatile main floor den provides the perfect space for a home office or study, while a convenient powder room and separate laundry room add everyday practicality. Upstairs you’ll find three well-sized bedrooms, including an expansive master bedroom with its own ensuite bathroom, along with an additional 4-piece bathroom serving the other bedrooms. The fully developed lower level features a city-approved legal basement suite with a SEPARATE SIDE ENTRANCE, offering an excellent mortgage helper or investment opportunity, complete with two bedrooms, a comfortable living area, full kitchen, separate laundry, utility room, and another set of appliances. The home has seen several recent upgrades, including a new roof in 2022, new flooring on the main floor and basement, and fresh interior paint, giving it a clean and updated feel. Ideally located close to schools, hospital, shopping, parks, community center, and with quick access to Stoney Trail and Deerfoot Trail, this property offers both everyday convenience and long-term value. Whether you’re looking for a comfortable family home or a smart investment opportunity, this is one you won’t want to miss. Book your viewing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.33 Ft x 7.75 Ft | |
| Recreational, Games room | 13.25 Ft x 15.67 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.92 Ft | |
| Bedroom | 11.25 Ft x 11.42 Ft | |
| Kitchen | 13.83 Ft x 12.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.67 Ft x 14.92 Ft | |
| Family room | 14.00 Ft x 14.50 Ft | |
| Dining room | 9.58 Ft x 10.58 Ft | |
| Kitchen | 12.42 Ft x 9.92 Ft | |
| Laundry room | 9.00 Ft x 6.67 Ft | |
| 2pc Bathroom | 5.08 Ft x 4.58 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.83 Ft x 10.67 Ft | |
| Primary Bedroom | 13.42 Ft x 18.00 Ft | |
| Bedroom | 9.50 Ft x 10.08 Ft | |
| Bedroom | 12.00 Ft x 10.67 Ft | |
| 4pc Bathroom | 5.50 Ft x 9.08 Ft |
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
-1.15%
Cap rate
4.63%
GRM
13.9
Break-even rent
$4,239
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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