$469,900
16 Martingrove Mews NE
Beds
4
Baths
2
Sqft
—
Year
1983
Type
Single Family
Suite
Suite potential
Location nearby
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.
About this home
Welcome to this fantastic opportunity for first-time buyers and investors alike! This four-level split offers 1,762 sq. ft. of total living space, providing plenty of room to grow or generate rental income.The main level features a bright and spacious living room with hardwood flooring and a large bay window that fills the space with natural light. The functional kitchen offers ample storage, while the dining area and front entry are finished with durable ceramic tile. A convenient side entrance provides direct access to the large tiered deck—ideal for tenants or multi-generational living. Upstairs, you’ll find two generously sized bedrooms and a full 4-piece bathroom. The lower level offers a massive family room with large windows and a cozy wood-burning brick fireplace with built-in oak shelving—perfect for a secondary living space, home office, or shared common area. The basement includes two additional large bedrooms (windows not meeting current egress requirements), a second 4-piece bathroom, and a laundry/utility room with a large crawl space featuring an abundance of extra storage. With a flexible layout and separate living areas, this home presents excellent potential for rental income or future development. Outside, enjoy an oversized double detached insulated garage with an 8-foot door, a double carport, and a spacious deck—adding even more value and parking options. Located on a quiet cul-de-sac close to schools, shopping, and public transportation, this is an affordable opportunity with strong upside potential. Don’t miss your chance to get into the market or expand your investment portfolio! Be sure to check out the VIRTUAL TOUR link for hi-tech interactive floor plans, hi-def photos, and state of the art virtual tours where you can take a "walk" throughout the rooms of the property. (id:65958)
- Subtype
- Single Family
- Architectural style
- 4 Level
- Structure
- House
- Community
- Martindale
- Common interest
- Freehold
- Living area
- 908 square feet
- Lot size
- 362 square meters
- Lot dimensions
- 362.00
- Bedrooms
- 2 above grade, 2 below grade
- Parking
- 4 total
- Fireplace
- 1
- On market
- Apr 7, 2026
- Status changed
- Apr 26, 2026
- Annual tax
- $3,096 (2025)
- Zoning
- R-CG
- Photos
- 35
- MLS#
- A2299620
- Area
- CALGARY_NE
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Construction
Flooring
Foundation
Lot
Cash on cash
-0.41%
Cap rate
4.78%
GRM
13.5
Break-even rent
$2,934
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.