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132 Covebrook Close NE
Beds
5
Baths
3
Sqft
1,540
Year
2006
Type
Single Family
On market
0d
This is an incredible opportunity to own an INVESTMENT PROPERTY, MORTGAGE HELPER, or MULTI-GENERATIONAL home! This wonderful property offers a very unique and functional layout. With 5 bedrooms in total, there is space for every family member — with room to spare! The main floor features a bright, comfortable living room, perfect for relaxing and unwinding. The spacious kitchen has a large centre island with storage, counter seating, and a massive corner pantry — there truly can’t be too many cooks in this kitchen! The main floor also offers a primary bedroom, complete with a full 4-piece ensuite, as well as the convenience of a main-floor laundry room. You’ll also love quiet evenings on your private balcony overlooking the beautiful yard. Upstairs, you’ll find 2 good-sized bedrooms, a full bathroom, and even a bonus room! This is a great space for a kids’ play area, media room, or home office. The basement is perfectly laid out with 2 bedrooms, SO MUCH storage, a super cute kitchen, separate laundry access, walk-up access to the backyard and garage, a LARGE living space, and HUGE windows! Step outside into the gorgeous backyard, with so much room for kids to play and enjoy the outdoors. The exposed aggregate and stamped concrete sidewalk has also been freshly sealed. The oversized garage is INSULATED, DRYWALLED, and PAINTED, with additional attic storage and ladder hatch access. This wonderful property has been lovingly cared for by the same owners since 2007 and includes plenty of updates: stainless steel appliances, including a BRAND NEW stove, Spectra-Light window film, CENTRAL A/C, a NEW ROOF in 2025, a newer hot water tank, deck, fencing, and landscaping. If you’re a first-time buyer looking to enter the housing market, this is the opportunity. If you’re an investor looking for a solid holding property with potential appreciation and cash flow, you’ve found it. If you have a large family, or grandparents moving in and need a unique main-floor bedroom set-up, t his is a rare find. Don’t miss out on this one — book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.33 Ft | |
| Bedroom | 9.67 Ft x 7.50 Ft | |
| Bedroom | 10.75 Ft x 7.42 Ft | |
| Kitchen | 11.08 Ft x 9.92 Ft | |
| Living room | 10.92 Ft x 10.83 Ft | |
| Furnace | 10.75 Ft x 6.25 Ft | |
| Storage | 10.00 Ft x 6.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.92 Ft x 8.42 Ft | |
| Dining room | 7.67 Ft x 11.50 Ft | |
| Kitchen | 14.42 Ft x 16.25 Ft | |
| Living room | 14.50 Ft x 15.42 Ft | |
| Primary Bedroom | 16.42 Ft x 12.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.83 Ft x 6.75 Ft | |
| Bedroom | 13.75 Ft x 9.42 Ft | |
| Bedroom | 12.33 Ft x 9.50 Ft | |
| Family room | 13.75 Ft x 11.92 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
-1.21%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,572
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 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
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.