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145 Castlebrook Way NE
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Beds
3
Baths
2 full + 1 half
Sqft
1,224
Year
1982
Type
Single Family
On market
9d
INVESTMENT/FLIP/FIRST TIME HOME BUYER OPPORTUNITY | CHEAPEST 3 BEDROOM DUPLEX IN CASTLERIDGE | Welcome to this VERY affordable 3-bedroom duplex in the sought-after community of Castleridge, offering approximately 1,224 sq. ft. of above-grade living space and tremendous potential to add value. Whether you're looking for your next investment property, a renovation project, or an affordable home to make your own, this is an opportunity you won't want to miss.Nestled on a quiet street, this home features a bright and inviting living room highlighted by a charming corner brick fireplace and cozy carpeting. The functional kitchen offers classic white cabinetry and overlooks the dining/flex area, which provides direct access through sliding patio doors to a large, private, fully fenced backyard—perfect for family gatherings, outdoor entertaining, or future landscaping ideas. Upstairs, you'll find a generously sized primary bedroom complete with his-and-her closets, along with two additional bedrooms ,a spacious full 4-piece bathroom and ample living space for a growing family. The basement features a large family/recreation room and additional storage space, providing plenty of room for future development and customization.The home offers solid bones and excellent potential for cosmetic updates and personal touches. Conveniently located close to shopping, schools, parks, public transit, and within walking distance to Westwinds amenities, this property combines location, value, and opportunity.Priced to sell and offering exceptional upside potential—don't miss this chance to secure one of the best-value properties in Castleridge! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | — | |
| Recreational, Games room | 20.08 Ft x 14.67 Ft | |
| Furnace | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 11.58 Ft x 9.75 Ft | |
| Kitchen | 9.25 Ft x 11.67 Ft | |
| Living room | 15.58 Ft x 11.25 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 10.50 Ft x 8.33 Ft | |
| Bedroom | 12.58 Ft x 9.75 Ft | |
| Primary Bedroom | 15.00 Ft x 13.00 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
3.15%
Cap rate
5.50%
GRM
12.1
Break-even rent
$2,206
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 8, 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.