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1232 Danloe Street NE
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Calgary · Single Family · under $725,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Why pay rent when you can own your own home and have a mortgage helper in the illegal suite? This property offers a prime investment opportunity or a multi-generational living configuration in the highly desirable inner-city community of Renfrew. Located in the established inner-city community of Renfrew, this raised bungalow offers quick access to downtown (approximately 5 minutes) and is close to the amenities of Bridgeland, including popular cafes, restaurants, and local shops. With convenient connections to Edmonton Trail, 16 Avenue, Memorial Drive and Deerfoot Trail, commuting and daily travel are efficient and accessible.This home has seen extensive maintenance and thoughtful upgrades over the years. The self-contained main-floor unit, complete with two bedrooms, a den/office or third bedroom, a full kitchen, and a bathroom, was significantly modernized around 2011, with a renovated kitchen and bathroom and a full electrical panel upgrade. The interior living spaces offer modern finishes and durability. This level of care continued throughout the home, with the basement suite also receiving many improvements and upgrades over the years. In 2010, the basement suite’s living room and bedrooms were updated with laminate flooring. Following a plumbing upgrade in 2020, the basement was further enhanced with high-quality vinyl plank flooring and a new full kitchen. The basement suite has its own separate entrance and is completely separate from the upstairs suite.Functional updates round out the home, including most appliances updated in the past six years. An added bonus is that each unit has its own laundry facilities. The property has been well maintained to ensure longevity and efficiency, including the replacement of the shingles on the house and garage in 2012. In 2015, new vinyl Ecoline windows were installed throughout. Recent exterior work includes replacing the eavestroughs in 2021. Essential systems have also been updated, with a brand-new hot water tan k installed in 2022.Presenting a premier opportunity for either a primary resident or a discerning investor, this meticulously maintained residence is an absolute must-see. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.75 Ft x 5.00 Ft | |
| Bedroom | 11.58 Ft x 9.08 Ft | |
| Bedroom | 12.08 Ft x 9.08 Ft | |
| Kitchen | 12.08 Ft x 9.08 Ft | |
| Recreational, Games room | 16.33 Ft x 17.58 Ft | |
| Storage | 3.83 Ft x 4.50 Ft | |
| Furnace | 6.00 Ft x 8.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.58 Ft x 5.08 Ft | |
| Bedroom | 8.17 Ft x 11.58 Ft | |
| Den | 10.08 Ft x 11.67 Ft | |
| Dining room | 13.67 Ft x 4.33 Ft | |
| Kitchen | 13.67 Ft x 8.25 Ft | |
| Living room | 13.42 Ft x 12.75 Ft | |
| Primary Bedroom | 11.17 Ft x 11.58 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
-6.81%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,027
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.
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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 24, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
3.8 km away
4.3 km away
6.7 km away
Al Madinah Islamic Centre
8.8 km away
8.9 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
3.7 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
4.2 km away
4.2 km away
Halal grocery
Amir Halal Meats & Grocery
3.8 km away
Shaheen Grocery, Bakery & Halal Meat
7.1 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.