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Reduced $21,000 (5%) from $460,000
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1607 Summerfield Boulevard
Beds
5
Baths
2
Sqft
1,074
Year
1981
Type
Single Family
On market
67d
Incredible investment opportunity in the established community of Summerhill, Airdrie! This property has pride of ownership & offers a fantastic setup for investors, first-time buyers or multi-generational living.The upper level features a bright and spacious layout with three comfortable bedrooms, a full 4-piece bathroom, a generously sized kitchen with island, and a welcoming living area—with a main floor laundry, perfect for everyday family living.The fully developed basement is an excellent space, complete with two bedrooms, a large wet bar/kichenette, and an open-concept living and dining space. With its own private laundry, and bathroom, this space offers independence and privacy for your use or extended family.Each level has been recently painted and includes a separate bathroom, kitchen/ wet bar and laundry, creating a flexible layout ideal for families or shared living arrangements.Backing on to greenspace there’s a deck off the back entrance, a spacious 36 foot wide lot, fully fenced and ready to accommodate a large future custom garage—adding even more value and potential!Located in a quiet, family-friendly neighbourhood just minutes from Nose Creek Park, schools, shopping, and everyday amenities. Enjoy quick and easy access to major roadways for a convenient commute to Calgary and surrounding areas.Zoned DC-16A, this is a rare opportunity with strong potential and long-term upside with the zoning. Perfect for investors or first time buyers!! **The City of Airdrie has approved this home for solar panels!!** Don’t miss out—great value and endless possibilities! ***Seller is Motivated*** (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.75 Ft x 16.17 Ft | |
| Dining room | 9.83 Ft x 11.33 Ft | |
| Kitchen | 10.75 Ft x 11.25 Ft | |
| Primary Bedroom | 13.00 Ft x 12.17 Ft | |
| Bedroom | 8.08 Ft x 12.17 Ft | |
| Bedroom | 8.50 Ft x 9.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.17 Ft | |
| Laundry room | 4.00 Ft x 4.92 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 7.67 Ft x 8.25 Ft | |
| Bedroom | 7.67 Ft x 12.50 Ft | |
| Laundry room | 8.08 Ft x 14.58 Ft | |
| Living room | 14.67 Ft x 15.83 Ft | |
| Dining room | 5.00 Ft x 10.67 Ft | |
| Other | 6.83 Ft x 11.58 Ft | |
| 3pc Bathroom | 5.25 Ft x 8.17 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
7.18%
Cap rate
6.30%
GRM
11.1
Break-even rent
$2,747
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 May 27, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Airdrie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.