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Reduced $50,000 (5%) from $1,049,999
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122 Discovery Ridge Way SW
Set on an oversized, professionally landscaped lot, this five-bedroom Discovery Ridge home offers a rare four-bedroom-up floorplan and over 3,400 sq. ft. of developed living space. Nestled in one of Calgary's most desirable westside communities, you'll enjoy access to extensive pathway networks, mature trees, and Griffith Woods Park just minutes from your doorstep. A dramatic two-storey foyer welcomes you into the bright main floor, featuring 9-foot ceilings, large windows, and versatile living spaces. The spacious kitchen offers ample counter space, a large pantry, and a sunny breakfast nook with direct access to the backyard patio. The adjoining living room is anchored by a corner gas fireplace, while a flex room near the front entry is ideal as a dining room, home office, or sitting area. A powder room and well-designed mudroom complete the main level.Upstairs, the rare four-bedroom layout is perfect for growing families. The primary suite features a walk-in closet and ensuite with a jetted tub, separate shower, and oversized vanity. Three additional bedrooms, a full bathroom, and upper-floor laundry add everyday convenience. The fully developed basement includes a large family room, games area, full bathroom, and fifth bedroom, providing flexible space for guests, recreation, or multi-generational living. An insulated, fully finished garage adds further value.Outside, the oversized backyard is enhanced by professional landscaping, retaining walls, and a community berm, creating a private outdoor setting with no direct rear neighbours and plenty of room for entertaining, relaxing, and family activities.In addition to being fully fenced, the backyard also has a large custom built fire pit which is perfect for summer nightsRecent updates include all major appliances, with a new dishwasher (2024), washer and dryer (2025), and refrigerator (2026). Two hot water tanks were replaced in 2021, and dual furnaces and central air conditioning systems provide year-round comfort. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 19.83 Ft x 31.75 Ft | |
| Bedroom | 9.67 Ft x 18.33 Ft | |
| 3pc Bathroom | 5.25 Ft x 9.67 Ft | |
| Furnace | 12.25 Ft x 12.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 20.08 Ft x 20.83 Ft | |
| Kitchen | 11.83 Ft x 14.92 Ft | |
| Dining room | 11.00 Ft x 15.33 Ft | |
| Den | 9.50 Ft x 18.08 Ft | |
| Other | 8.25 Ft x 9.58 Ft | |
| 2pc Bathroom | 5.50 Ft x 5.75 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 17.67 Ft x 18.25 Ft | |
| 4pc Bathroom | 9.67 Ft x 14.58 Ft | |
| Other | 5.00 Ft x 12.42 Ft | |
| Bedroom | 9.58 Ft x 11.00 Ft | |
| Bedroom | 10.75 Ft x 15.75 Ft | |
| Bedroom | 10.08 Ft x 13.33 Ft | |
| 4pc Bathroom | 5.08 Ft x 9.50 Ft | |
| Laundry room | 6.17 Ft x 6.33 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
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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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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
-0.85%
Cap rate
4.69%
GRM
13.9
Break-even rent
$6,149
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.
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 9, 2026.
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