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1848 38 Street NE
Beds
4
Baths
3 full + 1 half
Sqft
1,471
Year
1976
Type
Single Family
On market
33d
Welcome to a home that offers the perfect blend of space, character, and everyday convenience—ideally located just 16 minutes from downtown and moments from Deerfoot Trail, Stoney Trail, and 16 Ave. Surrounded by mature trees and close to shopping, schools, the hospital, and C-Train access, this home offers the perfect balance of accessibility and livability.This 4-bedroom, 2.5-bath home features soaring vaulted ceilings, rich hardwood floors, and a bright, welcoming living space anchored by a stunning red brick wood-burning fireplace—a true statement piece that brings warmth and character to the home.The kitchen has been thoughtfully updated with quartz countertops and stylish cabinetry offering a sunny breakfast nook as well as a formal dining area on this floor — ideal for everything from family dinners to casual mornings. The main floor also offers a generous third bedroom and a convenient half bath, adding flexibility for guests, a home office, or multigenerational living.Upstairs, you’ll find a spacious primary bedroom with a walk-in closet, a full 4-piece bathroom, and an additional large bedroom—offering a functional and comfortable layout.The exterior has been beautifully updated with durable Hardie board siding, along with newer windows and doors (2018) and a new garage door—giving the home standout curb appeal and long-term peace of mind.Step outside to a covered deck overlooking a beautiful, spacious backyard—complete with a standout firepit area, two storage sheds, and plenty of room to create your dream outdoor space, including future potential for a double garage with convenient back lane access. The home also includes an attached single-car garage and front driveway parking for two vehicles, a rarity in the area.Downstairs, an illegal basement suite with its own dedicated laundry provides excellent versatility—ideal for extended family, guests, or added income potential.Pride of ownership is evident throughout. Do not miss out on this solid, thoughtfully updated home offering space, character, and exceptional access to amenities—with immediate possession available!! Book a showing today!! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.33 Ft x 6.33 Ft | |
| Bedroom | 10.17 Ft x 9.50 Ft | |
| Den | 12.33 Ft x 11.33 Ft | |
| Kitchen | 10.33 Ft x 14.67 Ft | |
| Recreational, Games room | 15.67 Ft x 14.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.42 Ft x 5.17 Ft | |
| Bedroom | 8.67 Ft x 15.08 Ft | |
| Dining room | 9.08 Ft x 11.92 Ft | |
| Kitchen | 12.42 Ft x 12.00 Ft | |
| Living room | 18.67 Ft x 17.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.25 Ft | |
| Bedroom | 8.83 Ft x 15.50 Ft | |
| Primary Bedroom | 12.42 Ft x 12.00 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
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,899
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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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