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196 Saddlelake Manor NE
List price includes GST. First-time homebuyers could potentially receive their full GST portion back. Welcome to this stunning semi-detached home in the desirable community of Saddle Ridge, offering over 3,000 sq ft of living space including a legal 2-bedroom basement suite! This beautifully upgraded home is packed with thoughtful details throughout, featuring 9 ft ceilings on all 3 levels, 8 ft doors, sleek black fixtures and hardware, quartz countertops, full railings, and large windows that flood the home with natural light. The main floor greets you with a spacious living room showcasing a modern built-in electric fireplace and custom shelving, leading into a chef’s dream kitchen with full built-in design, stylish two-toned cabinetry, gas cooktop, built-in oven and microwave, chimney hood fan, oversized island, and a pantry with wooden shelving. A full-size bedroom and a 3-piece bathroom with tiled shower add extra versatility on the main floor, along with a mudroom featuring built-in bench, cabinetry, and coat hooks. Upstairs you’ll find a bright family room with another electric fireplace and a balcony, two generous bedrooms, a 4-piece bath, convenient laundry room, plus a luxurious primary suite with dual-sink vanity, tiled shower, and custom walk-in closet. The legal secondary suite in the basement is finished to the same high standard, complete with 2 bedrooms, full kitchen, living room, 4-piece bath, and separate laundry—perfect for extended family or rental income. With every closet and pantry fitted with custom wooden shelving, upgraded finishes throughout, and a rare combination of space and style, this home truly has it all! Ideally located with quick access to Calgary International Airport, major highways, LRT, schools, shopping, recreation, and hospitals—this move-in ready home is an opportunity you don’t want to miss! Photos are representative of next unit. very similar selection. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.08 Ft x 4.83 Ft | |
| Bedroom | 11.00 Ft x 9.75 Ft | |
| Bedroom | 11.00 Ft x 9.67 Ft | |
| Kitchen | 10.67 Ft x 5.25 Ft | |
| Recreational, Games room | 17.00 Ft x 19.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.75 Ft x 5.33 Ft | |
| Bedroom | 13.42 Ft x 9.58 Ft | |
| Dining room | 15.33 Ft x 7.25 Ft | |
| Kitchen | 15.08 Ft x 14.33 Ft | |
| Living room | 17.58 Ft x 13.83 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 4.92 Ft | |
| 4pc Bathroom | 7.50 Ft x 8.00 Ft | |
| Bedroom | 9.83 Ft x 10.75 Ft | |
| Bedroom | 11.42 Ft x 10.83 Ft | |
| Family room | 19.08 Ft x 9.83 Ft | |
| Primary Bedroom | 13.58 Ft x 12.67 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
-1.07%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,693
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 Jun 15, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Al-Hedaya Islamic Centre
1.4 km away
Hazrat Bilal Islamic Center
1.5 km away
Al Madinah Islamic Centre
2.2 km away
4.4 km away
6.7 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
6.8 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
10.3 km away
11.0 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
4.1 km away
Amir Halal Meats & Grocery
10.3 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.