We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
128 Ridgegate Way SW
Beds
4
Baths
3
Sqft
1,022
Year
1982
Type
Single Family
On market
19d
INVESTOR ALERT | 3 SEPARATE LIVING AREAS | 2 ILLEGAL BASEMENT SUITES | PRIME LOCATION Ideally Located With Quick Access To The City Centre And Close To Shopping Plazas, A Brand New Library, Urgent Care Facilities, Schools, Parks, Places Of Worship, And Convenient Public Transit, This Bungalow Offers Both Comfort And Exceptional Convenience. The Property Features Three Separate Living Areas, Offering Excellent Flexibility And Strong Income-Generating Potential. The Main Floor Features A Bright And Inviting Living Room With Hardwood Flooring And A Large Front Window That Fills The Space With Natural Light, A Functional Kitchen With Updated Vinyl Plank Flooring, Three Well-Sized Bedrooms, Including A Spacious Primary Bedroom, And A 4-Piece Bathroom. A Separate Entrance Provides Access To The Fully Developed Basement, Offering Additional Flexibility And Excellent Potential For Extended Family Or Supplemental Rental Income. The Lower Level Includes Two Distinct Living Areas Along With Two Bathrooms, Including A Bachelor-Style Space Equipped With A Portable Electric Cooktop, Fridge, And Microwave (Buyers Are Advised That Secondary Suites Are Subject To Approval And Permitting By The City/Municipality). Situated On A Generous Lot With Approximately 45 Ft Of Frontage And 100 Ft Of Depth, The Property Features A Large Private Fenced Backyard With A Storage Shed. A Front Parking Pad Provides Convenient Off-Street Parking, With Additional Street Parking Available. With Approximately 1,022 Sq Ft Of Above-Grade Living Space, This Property Offers An Excellent Combination Of Location, Versatility, And Long-Term Investment Potential. Homes Like This Are In High Demand And For Good Reason. Don’t Miss Your Opportunity To Own This Incredible Property. Book Your Private Showing Today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 2.63 M x 1.49 M | |
| 3pc Bathroom | 2.45 M x 1.20 M | |
| Bedroom | 3.03 M x 3.08 M | |
| Bonus Room | 4.43 M x 4.43 M | |
| Kitchen | 1.37 M x 2.68 M | |
| Kitchen | 2.74 M x 2.34 M | |
| Living room | 3.73 M x 3.95 M | |
| Furnace | 3.93 M x 2.69 M | |
| Other | 3.04 M x 1.19 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 2.75 M x 3.73 M | |
| Bedroom | 3.47 M x 3.18 M | |
| 4pc Bathroom | 2.41 M x 1.52 M | |
| Dining room | 2.49 M x 2.90 M | |
| Foyer | 1.66 M x 1.52 M | |
| Kitchen | 2.30 M x 4.43 M | |
| Living room | 3.67 M x 4.86 M | |
| Primary Bedroom | 3.46 M x 4.45 M |
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
-1.81%
Cap rate
4.50%
GRM
14.1
Break-even rent
$3,055
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 1, 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 Airdrie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.