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Reduced $10,000 (2%) from $519,900
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Calgary · Single Family · under $575,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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124 Maitland Drive NE
>>>Open House: Saturday July 4, 2:00-4:30<<<At $509,900, this home offers exceptional value for buyers looking for a move-in ready property without the cost and hassle of major renovations. Set on a quiet street, this extensively updated bungalow combines modern finishes, thoughtful storage, and important mechanical upgrades that are often overlooked when comparing homes. The main floor has been opened up to create a bright, functional living space featuring engineered hardwood flooring and a beautifully renovated kitchen with marble countertops, quality stainless steel appliances including a Bosch dishwasher, convection oven, three-door refrigerator with ice and water, and an impressive amount of cabinet space. The primary bedroom features a rare walk-in closet with built-in organizers—a feature seldom found in homes of this era—while additional storage closets on the main floor provide even more practical everyday space. A second spacious bedroom and updated 4-piece bathroom complete the upper level. The lower level offers outstanding flexibility with a separate entrance, new egress windows, its own laundry area, and an updated 4-piece bathroom. Whether you're looking for additional living space, room for family members, or future suite potential (subject to City approval and permitting), the groundwork has already been completed. Beyond the cosmetic updates, many of the major components have been addressed over time, including a high-efficiency furnace, humidifier, Culligan water softener, hot water tank, central air conditioning, and updated electrical panel. Outside, you'll find an oversized 21' x 23' double garage, two additional off-street parking stalls accessible from the paved back lane, plus an updated deck and fencing. Located in a quieter section of Marlborough Park, this home is within walking distance to schools, parks, shopping, restaurants, and the community association, with convenient access to major routes throughout the city. For buyers seeking a well-maintained, extensively updated home with excellent storage, parking, and future flexibility, this property represents outstanding value in today's market. Call for your viewing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 10.42 Ft | |
| Bedroom | 12.83 Ft x 7.83 Ft | |
| Recreational, Games room | 26.50 Ft x 30.17 Ft | |
| Furnace | 13.08 Ft x 10.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 10.42 Ft | |
| Bedroom | 12.92 Ft x 7.83 Ft | |
| Primary Bedroom | 11.58 Ft x 13.25 Ft | |
| Kitchen | 13.17 Ft x 14.08 Ft | |
| Living room | 14.25 Ft x 21.00 Ft | |
| Other | 7.83 Ft x 7.83 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
-1.42%
Cap rate
4.58%
GRM
13.9
Break-even rent
$3,177
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 Jul 3, 2026.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.