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136 Abalone Place NE
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Calgary · Single Family · under $400,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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INVESTMENT OPPORTUNITY | ILLEGAL SUITE |comfortable PIE Shaped lot | YARDWelcome to this charming and versatile semi-detached home in the established community of Abbeydale, offering exceptional value for first-time home buyers, investors, or those seeking mortgage-helper potential. Situated on a sunny, south-facing, pie-shaped lot, this property provides plenty of outdoor space, flexible living arrangements, and future potential.The main level features a bright and functional layout with a spacious U-shaped kitchen, a generous living area, a well-sized bedroom, and a renovated bathroom. Large windows fill the home with natural light, creating a warm and inviting atmosphere throughout.The developed lower level includes an illegal suite, featuring an additional bedroom, living area, bathroom, wet bar, and separate living space, making it ideal for extended family, guests, or rental income opportunities (subject to applicable approvals and regulations).Outside, you'll find a fully fenced backyard designed for both enjoyment and functionality. Two storage sheds provide ample space for tools, equipment, or hobbies and could potentially be converted into workshop space. A unique bonus is the finished seasonal studio/guest space, offering endless possibilities as a summer retreat, creative workspace, home office, or guest accommodation.The large backyard also includes rear parking and plenty of room for gardening, entertaining, or future enhancements.Location is a major advantage. Enjoy quick access to International Avenue (17th Avenue SE), offering a wide variety of restaurants, shopping, and local amenities. Outdoor enthusiasts will appreciate the nearby pathways, parks, and the popular Elliston Park, home to scenic walking trails, off-leash areas, and year-round recreation. Just minutes away, East Hills Shopping Centre offers convenient access to major retailers including Costco Wholesale, Walmart, Marshalls, Sport Chek, and Cineplex.Commuting continues t o improve with ongoing transportation infrastructure upgrades, including enhanced access to Calgary's ring road network, adding long-term convenience and value to the area.Whether you're looking for an affordable first home, an investment property, or a home with flexible living options, this property offers outstanding potential at an attractive price point.This maybe a good opportunity for you—book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 8.33 Ft x 9.92 Ft | |
| Kitchen | 8.33 Ft x 11.58 Ft | |
| Bedroom | 11.92 Ft x 12.83 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10.67 Ft x 14.25 Ft | |
| Dining room | 7.50 Ft x 8.67 Ft | |
| Kitchen | 8.25 Ft x 10.58 Ft | |
| Primary Bedroom | 12.58 Ft x 16.92 Ft | |
| 4pc Bathroom | — |
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
-5.42%
Cap rate
3.78%
GRM
15.6
Break-even rent
$2,237
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 Jun 27, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
3.6 km away
4.9 km away
4.9 km away
Al Madinah Islamic Centre
7.0 km away
Al-Hedaya Islamic Centre
7.6 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
3.9 km away
4.1 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
4.8 km away
Halal grocery
Amir Halal Meats & Grocery
3.9 km away
Shaheen Grocery, Bakery & Halal Meat
4.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.