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Calgary · Single Family · under $800,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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165 Saddlecrest Way NE
Welcome to this beautifully upgraded 2-storey home in the sought-after community of Saddle Ridge—offering exceptional value for families and investors alike. Featuring an illegal 2-bedroom basement suite with a separate entrance, this home is perfectly suited for multi-generational living or generating strong rental income.Thoughtfully renovated from top to bottom, this impressive home offers 5 bedrooms and 3.5 bathrooms with a bright, open-concept layout. The main floor showcases new flooring, fresh paint creating a clean and contemporary feel throughout. The fully redesigned kitchen is the centerpiece of the home, complete with sleek cabinetry, quartz countertops, a large island -perfect for both everyday living and entertaining. Enjoy added privacy and open views as this home backs directly onto green space—meaning no neighbours behind you, a rare and highly desirable feature. Upstairs, you’ll find generously sized bedrooms and fully updated bathrooms featuring quartz counters and stylish fixtures. Elegant maple railings add a touch of warmth and sophistication to the upper level. You will be surprised by the enormous Bonus room which has the potential to be converted into an additional bedroom with room left over to keep a descent sized bonus room.The fully finished illegal basement suite includes 2 bedrooms, a full bathroom, kitchen, spacious living area and separate laundry—making it a true turnkey income opportunity.Ideally located close to schools, transit, shopping, parks, and all amenities, this move-in-ready home delivers the perfect blend of style, functionality, and investment potential. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.67 Ft x 12.92 Ft | |
| Bedroom | 9.33 Ft x 11.75 Ft | |
| Bedroom | 11.75 Ft x 9.67 Ft | |
| Recreational, Games room | 12.17 Ft x 13.00 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.42 Ft x 13.25 Ft | |
| Living room | 8.75 Ft x 17.58 Ft | |
| Dining room | 10.92 Ft x 13.42 Ft | |
| 2pc Bathroom | — | |
| Family room | 15.08 Ft x 9.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 14.83 Ft x 17.92 Ft | |
| Primary Bedroom | 15.08 Ft x 14.67 Ft | |
| Bedroom | 9.08 Ft x 11.00 Ft | |
| Bedroom | 9.08 Ft x 11.00 Ft | |
| Other | 4.00 Ft x 11.00 Ft | |
| 3pc Bathroom | — | |
| 5pc Bathroom | — |
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
-0.99%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,450
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 May 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Hazrat Bilal Islamic Center
972 m away
Al-Hedaya Islamic Centre
1.8 km away
Al Madinah Islamic Centre
2.5 km away
4.9 km away
6.8 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
6.9 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
10.8 km away
11.6 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
4.8 km away
Amir Halal Meats & Grocery
10.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.