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129 Covecreek Bay NE
Welcome to 129 Covecreek Bay NE, an impressive and versatile family home located on a quiet bay in the highly sought-after community of Coventry Hills. Offering approximately 2,450 sq. ft. above grade and nearly 1,000 sq. ft. of additional developed living space in the legal basement suite, this property provides the perfect combination of space, functionality, and income-generating potential.Designed with growing families in mind, the main floor features expansive living and dining areas, a bright and welcoming layout, and a main-floor office/flex room that can easily function as a bedroom for guests, seniors, or individuals with mobility challenges who prefer to avoid stairs.Upstairs, you'll find a thoughtfully designed family-friendly layout featuring four spacious bedrooms, including a large primary retreat complete with a private ensuite bathroom and ample closet space. Three additional generously sized bedrooms provide plenty of room for children or guests, while the large bonus room offers endless possibilities as a family room, media room, play area, or home learning space.The fully developed legal basement suite is a standout feature, offering 2 bedrooms, 1 full bathroom, a separate entrance, and complete privacy. Whether used as a mortgage helper, investment property, or accommodation for extended family, this legal suite adds significant value and flexibility.Parking is rarely an issue here. The home boasts a highly desirable three-car tandem attached garage, providing space for vehicles, storage, tools, or hobbies. The oversized driveway comfortably accommodates four or more additional vehicles, making it ideal for larger households and visitors.Community Highlights – Coventry HillsOne of the greatest advantages of this home is its location within the well-established and family-oriented community of Coventry Hills.Families will appreciate the abundance of educational options nearby, including multiple Calgary Board of Education (CBE) and C algary Catholic School District (CCSD) schools serving elementary, middle, and high school students within and around the community. This makes school drop-offs and daily commutes convenient for families with children of all ages.Additional community amenities include:Multiple public and Catholic schools nearbyNumerous playgrounds, parks, pathways, and green spacesEasy access to recreation facilities and sports programsMinutes from shopping, restaurants, grocery stores, and everyday conveniencesConvenient access to major routes including Stoney Trail and Deerfoot TrailClose proximity to transit servicesShort drive to Calgary International AirportNearby medical clinics, pharmacies, and community servicesFamily-friendly neighbourhood with a strong sense of communityProperty Features?? Approximately 2,450 sq. ft. above grade?? Nearly 1,000 sq. ft. developed basement space?? Fully legal 2-bedroom basement suite with separate entrance?? Total of 6 bedrooms (4 upstairs + office/flex room + 2 b (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.17 Ft | |
| Dining room | 8.08 Ft x 10.00 Ft | |
| Foyer | 6.92 Ft x 12.50 Ft | |
| Kitchen | 10.17 Ft x 16.58 Ft | |
| Living room | 13.00 Ft x 17.08 Ft | |
| Office | 10.08 Ft x 10.92 Ft | |
| Pantry | 2.00 Ft x 7.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | 9.58 Ft x 11.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.42 Ft | |
| Bedroom | 9.92 Ft x 10.67 Ft | |
| Bedroom | 10.67 Ft x 12.33 Ft | |
| Bedroom | 9.92 Ft x 10.67 Ft | |
| Bonus Room | 19.00 Ft x 19.42 Ft | |
| Laundry room | 7.83 Ft x 9.25 Ft | |
| Primary Bedroom | 14.17 Ft x 16.67 Ft | |
| Other | 7.00 Ft x 8.42 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Bedroom | 8.75 Ft x 11.33 Ft | |
| Bedroom | 8.83 Ft x 12.67 Ft | |
| Kitchen | 10.58 Ft x 11.17 Ft | |
| Recreational, Games room | 16.08 Ft x 16.17 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
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,537
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.
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 Jun 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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