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173 Margate Close NE
Beds
4
Baths
3 full + 2 half
Sqft
1,182
Year
1971
Type
Single Family
On market
2d
Welcome to this beautifully updated bungalow situated on a massive PIE-SHAPED LOT with desirable R-CG zoning in the established community of Marlborough. Offering an exceptional combination of space, with over 2000 SF of developed living space, offering comfort and modern upgrades, this well-maintained home is ideal for growing families, investors, or those seeking future REDEVELOPMENT potential.The main floor features three spacious bedrooms, including a primary retreat complete with a convenient 2-piece ENSUITE. At the heart of the home is the fully RENOVATED kitchen, showcasing elegant quartz countertops, modern cabinetry, updated finishes, and a functional layout that flows seamlessly into the separate dining area and bright, inviting living room. Updated bathrooms throughout the home add a fresh, contemporary feel.The fully developed basement offers even more living space, featuring a large additional bedroom, a spacious recreation room with plenty of room for a pool table and entertaining area, a versatile den or home office, a 2-piece bathroom, and a separate shower. The basement can easily be suited and has its own separate side entrance.Step outside to your own PRIVATE backyard oasis. The beautifully LANDSCAPED OVERSIZED pie lot provides ample space for children, pets, and outdoor gatherings. Relax year-round in the dedicated HOT TUB room featuring a newer, gently used hot tub. The property also offers RV PARKING and an OVERSIZED DOUBLE detached garage that is HEATED, INSULATED, and finished with durable EPOXY flooring, providing plenty of room for vehicles, STORAGE, and hobbies.Numerous mechanical upgrades offer peace of mind, including a newer roof, furnace, hot water tank, and central air conditioning. The electrical system has been UPGRADED with a 200-amp service and an additional 60-amp panel in the garage. Attic insulation has also been redone to boost EFFICIENCY. Leaf filter gutter protection has also been installed to help minimize maintenance a nd keep the eavestroughs functioning efficiently.Move-in ready and loaded with value, this impressive home offers outstanding indoor and outdoor living space, thoughtful updates throughout, and a backyard size that is becoming increasingly rare to find. Conveniently located close to schools, shopping, medical services, public transit, and the LRT, this is an incredible opportunity you won't want to miss. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.83 Ft x 14.42 Ft | |
| Recreational, Games room | 12.75 Ft x 20.67 Ft | |
| Other | 6.50 Ft x 8.25 Ft | |
| Bedroom | 9.67 Ft x 12.67 Ft | |
| 2pc Bathroom | 4.42 Ft x 5.00 Ft | |
| Laundry room | 5.83 Ft x 10.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.92 Ft x 15.75 Ft | |
| Kitchen | 7.92 Ft x 12.17 Ft | |
| Dining room | 8.00 Ft x 10.92 Ft | |
| Primary Bedroom | 10.92 Ft x 12.50 Ft | |
| 2pc Bathroom | 4.33 Ft x 6.08 Ft | |
| Bedroom | 10.42 Ft x 10.92 Ft | |
| Bedroom | 8.08 Ft x 11.25 Ft | |
| 4pc Bathroom | 4.83 Ft x 9.67 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
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,178
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.