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138 Cranwell Close SE
Beds
3
Baths
2
Sqft
1,386
Year
2001
Type
Single Family
On market
11d
Rarely does a bungalow offer this much space and value in one of Calgary's most sought-after family communities. Tucked away on a quiet close in Cranston, this fully developed home offers over 2,675 sq.ft. of living space with 3 bedrooms, a dedicated home office, a versatile lower-level flex room, and a double attached garage. Thoughtfully designed for both everyday living and entertaining, the main floor features high ceilings, large windows, and a bright open-concept layout that creates a welcoming sense of space throughout. The kitchen, dining area, and living room flow seamlessly together, forming the heart of the home and the perfect gathering place for family and friends. The spacious primary suite offers a walk-in closet and private ensuite, while a second bedroom, full bathroom, and home office provide exceptional flexibility for families, guests, or those working remotely. The fully finished basement expands the home's versatility with an additional bedroom, a spacious flex room that could easily accommodate guests or serve as a home gym, hobby room, playroom, media room, or potential fourth bedroom, along with a massive recreation room, extensive storage, and ample space for movie nights, games, fitness equipment, or visiting family. Outside, the level, fully landscaped backyard is designed for enjoyment with a large deck, storage shed, and plenty of room for children, pets, or summer entertaining. Residents enjoy access to Cranston's outstanding community amenities, including tennis and pickleball courts, basketball courts, playgrounds, a splash park, outdoor skating rink, toboggan hill, parks, pathways, and year-round community programming. Ideally located near schools, shopping, and everyday conveniences, this home offers the rare combination of bungalow living, generous square footage, and a family-focused community. As an added bonus, the seller will provide a $5,000 flooring rebate to the buyer upon successful completion of the sale, offering an oppo rtunity to personalize the home and make it their own. Spacious bungalows with this level of functionality and value rarely come available in Cranston. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 15.33 Ft x 12.17 Ft | |
| Other | 14.58 Ft x 10.75 Ft | |
| Recreational, Games room | 30.33 Ft x 15.08 Ft | |
| Furnace | 12.83 Ft x 19.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.67 Ft x 11.17 Ft | |
| 4pc Bathroom | 7.08 Ft x 10.75 Ft | |
| Bedroom | 13.33 Ft x 13.75 Ft | |
| Dining room | 8.75 Ft x 15.00 Ft | |
| Foyer | 8.50 Ft x 6.00 Ft | |
| Kitchen | 13.50 Ft x 12.75 Ft | |
| Living room | 11.42 Ft x 17.58 Ft | |
| Other | 7.42 Ft x 10.83 Ft | |
| Office | 14.17 Ft x 10.33 Ft | |
| Primary Bedroom | 15.08 Ft x 14.83 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
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,511
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 2, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.