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1240 Cornerstone Way NE
Beds
4
Baths
4 full + 1 half
Sqft
1,569
Year
2020
Type
Single Family
On market
13d
Welcome to this thoughtfully finished half-duplex with a legal secondary suite, located in the vibrant and fast-growing community of Cornerstone in northeast Calgary. Designed with both functionality and style in mind, the main floor offers an open-concept layout with a bright and spacious living area and dedicated dining space. The modern kitchen features quartz countertops, stainless steel appliances, a gas range, corner pantry, and a large central island that’s perfect for entertaining or everyday living. Just off the kitchen, you’ll also find an additional storage space for added convenience and functionality. A convenient 2-piece bathroom completes the main floor. The backyard space provides room to enjoy the outdoors, whether for relaxing, gardening, or future personalization. Upstairs, the home offers three spacious bedrooms, including a primary suite complete with a walk-in closet and private 4-piece ensuite. You’ll also find an additional full bathroom, upper-level laundry, and a flexible bonus space that works well as a home office, kids’ area, or secondary family room. The legal one-bedroom basement suite features its own separate living space with a full kitchen, living room, 4-piece bathroom, and private laundry, making it an excellent opportunity for income generation or an option for multigenerational living.Completing the property is a double detached garage and a location with convenient access to Stoney Trail, Country Hills Boulevard, parks, schools, shopping, and everyday amenities. Whether you’re looking for a place to call home or a strong investment opportunity, this property offers exceptional value in one of Calgary’s most sought-after northeast communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 7.75 Ft x 6.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.25 Ft | |
| Dining room | 12.17 Ft x 13.25 Ft | |
| Kitchen | 15.17 Ft x 11.17 Ft | |
| Living room | 12.17 Ft x 13.58 Ft | |
| Storage | 3.83 Ft x 5.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.42 Ft | |
| 4pc Bathroom | 8.17 Ft x 5.00 Ft | |
| Bedroom | 10.00 Ft x 8.42 Ft | |
| Bedroom | 12.33 Ft x 8.42 Ft | |
| Bonus Room | 11.00 Ft x 13.58 Ft | |
| Primary Bedroom | 13.83 Ft x 11.83 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Bedroom | 9.75 Ft x 15.92 Ft | |
| Kitchen | 10.75 Ft x 8.67 Ft | |
| Living room | 13.83 Ft x 12.58 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
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,614
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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.