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7, 1603 McGonigal Drive NE
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This stylish and well-appointed townhouse offers incredible value for young families, professionals, and savvy investors alike. Enjoy a sunny west-facing patio with stunning downtown views set against the backdrop of the Rocky Mountains—perfect for relaxing after a long day. The home features an oversized single attached garage with built-in cabinets, plus space to park two additional vehicles right out front, along with convenient on-site guest parking. Step inside to a beautifully appointed kitchen that blends contemporary design with everyday functionality, complete with sleek stainless steel appliances, granite countertops, generous prep space, and a counter-height eating bar with seating—perfect for casual dining or entertaining. Central air conditioning adds an extra layer of comfort, keeping the home cool all summer long. The thoughtful layout spans three levels, with a functional main floor offering a dedicated laundry, storage, and utility room. The second level is ideal for entertaining, featuring an open-concept kitchen, dining, and living area along with a convenient 2-piece bathroom. Upstairs, the third level hosts two spacious bedrooms, including a primary retreat with dual walk-in closets on opposite sides of the room, a second bedroom with its own walk-in closet, and a full 4-piece bathroom. Located in a highly accessible area, you’re within walking distance to everyday essentials like Family Foods grocery store and Rexall pharmacy, with quick access to Deerfoot Trail and 16th Avenue. A short drive connects you to Downtown, the TELUS Spark Science Centre, Calgary Zoo, and major shopping destinations, making this an ideal home base or investment opportunity in a sought-after location. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 11.08 Ft x 4.42 Ft | |
| Furnace | 9.92 Ft x 8.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 7.00 Ft x 3.00 Ft | |
| Kitchen | 10.50 Ft x 11.58 Ft | |
| Living room | 11.50 Ft x 15.83 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.00 Ft x 7.58 Ft | |
| Bedroom | 10.50 Ft x 11.50 Ft | |
| Primary Bedroom | 11.58 Ft x 11.50 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
-7.23%
Cap rate
3.42%
GRM
16.6
Break-even rent
$2,444
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 13, 2026.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.