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12716 Cannington Way SW
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Calgary · Single Family · under $550,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this spacious 1,345 sq. ft. bungalow in the highly sought-after community of Canyon Meadows. Ideally located just steps from schools, parks, playgrounds, and green spaces, this home offers an exceptional opportunity to move into one of Calgary's most established neighborhoods while adding your own personal style over time. The main floor features a bright and inviting living room centered around a classic wood-burning fireplace with gas assist, flowing seamlessly into the adjoining dining area—perfect for everyday living and entertaining. The functional kitchen offers ample cabinetry and workspace, with a large window overlooking the private backyard. Three generously sized bedrooms are located on the main level, including a spacious primary retreat complete with its own ensuite. A second full bathroom and convenient main floor laundry with direct access to the attached garage add to the home's practicality. The developed lower level offers outstanding flexibility with a massive recreation room, two additional bedrooms, abundant storage, and endless potential for future updates to suit your needs. Recent mechanical updates add tremendous value and peace of mind, including a newer furnace, central air conditioning for year-round comfort, and a durable metal roof designed for long-lasting performance. Step outside to enjoy the private backyard with plenty of room for children, pets, gardening, or summer entertaining. Whether you're looking for your forever home, an investment opportunity, or a renovation project in a prime location, this property offers incredible value. Enjoy the convenience of nearby schools, shopping, transit, parks, and recreational amenities, all while living in one of Calgary's most desirable and established communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.83 Ft x 14.17 Ft | |
| Recreational, Games room | 16.75 Ft x 12.67 Ft | |
| Bedroom | 11.92 Ft x 10.08 Ft | |
| Bedroom | 12.92 Ft x 9.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| 4pc Bathroom | — | |
| Living room | 22.42 Ft x 15.08 Ft | |
| Dining room | 11.92 Ft x 6.50 Ft | |
| Kitchen | 13.92 Ft x 7.75 Ft | |
| Breakfast | 10.08 Ft x 4.33 Ft | |
| Primary Bedroom | 11.58 Ft x 11.58 Ft | |
| Bedroom | 11.92 Ft x 8.58 Ft | |
| Bedroom | 9.92 Ft x 8.58 Ft | |
| Laundry room | 11.58 Ft x 6.58 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
2.09%
Cap rate
5.28%
GRM
12.6
Break-even rent
$3,117
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 5, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
12.5 km away
14.2 km away
Elementary
13.0 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
13.6 km away
Halal grocery
Amir Halal Meats & Grocery
13.6 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.