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Calgary · Single Family · under $650,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1903 62 Street NE
Welcome to this beautifully renovated 5-bedroom, 2-bathroom bungalow with a basement suite perfectly situated in a sought-after mature NE Calgary neighbourhood. This approximately 1,035 sq. ft. bungalow has been completely transformed from top to bottom: new roof, new siding, new doors and windows, a brand-new modern kitchen with stylish countertops, and fresh flooring throughout. You name it, this house has it!Sitting on an oversized lot, this property boasts a large west-facing backyard that's fully fenced and beautifully landscaped — ready for you to move in and enjoy from day one.This is a true turn key up/down income property with excellent mortgage helper potential live up, rent down. The basement has been fully redone with a brand new kitchen, bathroom, bedrooms, and flooring, and features its own separate entrance, making it perfect for tenants and offering maximum privacy for both units. A fantastic setup for extended family, rental income, or investors searching for a home with a basement suite (illegal/unregistered buyer to verify suite compliance with the City of Calgary to legalize).Location doesn't get better than this. You're just steps from schools, grocery stores, and parks, with quick access to major highways for an easy daily commute. Plus, with LRT access close by and all amenities within reach, everything you need is right at your doorstep.Don't miss your chance to own a fully renovated home with income potential in a prime, well-connected community — book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.50 Ft x 7.58 Ft | |
| Furnace | 12.83 Ft x 14.92 Ft | |
| Recreational, Games room | 12.50 Ft x 19.17 Ft | |
| Bedroom | 9.25 Ft x 11.92 Ft | |
| Bedroom | 13.75 Ft x 11.33 Ft | |
| Kitchen | 5.67 Ft x 11.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 3.92 Ft x 5.50 Ft | |
| Living room | 13.25 Ft x 13.08 Ft | |
| Dining room | 8.50 Ft x 15.25 Ft | |
| Kitchen | 7.58 Ft x 11.75 Ft | |
| Laundry room | 2.58 Ft x 3.00 Ft | |
| 3pc Bathroom | 8.83 Ft x 5.00 Ft | |
| Bedroom | 9.25 Ft x 9.00 Ft | |
| Bedroom | 10.25 Ft x 9.08 Ft | |
| Primary Bedroom | 11.08 Ft x 12.42 Ft | |
| Other | 6.08 Ft x 3.00 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
$3,717
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 Jul 9, 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
3.0 km away
3.2 km away
3.4 km away
Al Madinah Islamic Centre
5.3 km away
Al-Hedaya Islamic Centre
6.0 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
3.1 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
3.9 km away
4.5 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
3.0 km away
Amir Halal Meats & Grocery
3.9 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.