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Legal suite

$685,000

20 Iris Crescent

Save this home

Beds

4

Baths

4 full + 1 half

Sqft

Year

2023

Type

Single Family

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Okotoks. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Located on the north end of charming Okotoks in D’Arcy Ranch, this newer, non-condo perfect-condition 2100 sq ft home featuring 4 bedrooms, and an oversized double garage is what you have been patiently waiting for. Highlights:•Builder finished legal basement suite•Bright & beautifully laid out, upgraded home•Large, insulated garage offering space for more than just 2 cars•Fully landscaped•Quiet location•Near major thru fares & services•Move in condition. The 9-ft high main floor with textured ceiling & LVP flooring opens to a bright family room leading to the dining area, with a fully upgraded kitchen at the back. The main floor kitchen makes an immediate statement with its rich 2-tone cabinetry, bright quartz countertops, and subway backsplash that adds depth & character. Upgraded appliances include chimney hood fan, 3-door fridge with bottom freezer, stylish stove, AND built-in microwave oven giving a contemporary edge while the oversized island provides both gathering space and practical prep area. The stairs lead up to a loft opening to the primary bedroom on 1 side with an ensuite featuring a 5-ft shower with glass door, 2 bedrooms on the other side, a stylish main bathroom, and a dedicated laundry room for everyday convenience. A separate side entrance leads down to a fully legal one-bedroom suite with its own kitchen (featuring its own window), living room, laundry, and bathroom. The fenced backyard is no-maintenance featuring CONCRETE patio. Near the D’Arcy Ranch Golf Club and the D’Arcy Crossing shopping area, and just steps from the new K-9 Separate School (projected completion Fall 2027), you’ll love the walkability and community feel. And enjoy quick access for an easy commute to Calgary if necessary.Discover a gentler life in Okotoks in a perfect condition home for the safe choice. (id:65958)

Subtype
Single Family
Structure
Duplex
Community
D'Arcy Ranch
Common interest
Freehold
Living area
1,469 square feet
Lot size
295 square meters
Lot dimensions
295.00
Bedrooms
3 above grade, 1 below grade
Parking
2 total
Stories
2
On market
Apr 3, 2026
Status changed
Apr 23, 2026
Annual tax
$3,337 (2025)
Zoning
TBD
Photos
50
MLS#
A2297308
Area
OKOTOKS

Features and systems

Parking

Detached GarageOversizeSee Remarks

Basement

FinishedFullSeparate entranceSuite

Appliances

RefrigeratorRange - ElectricDishwasherStoveMicrowaveHood FanGarage door openerWasher/Dryer Stack-Up

Heating

Forced airNatural gas

Cooling

None

Exterior

ConcreteStoneVinyl siding

Construction

Poured concreteWood frame

Flooring

CarpetedVinyl Plank

Foundation

Poured Concrete

Lot

See remarksBack lane
Negative cash flow ~$132/mo at these assumptions

Cash on cash

-1.15%

Cap rate

4.63%

GRM

13.9

Break-even rent

$4,239

Financing

Down payment$137,000
Loan amount$548,000
Mortgage$2,777/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$314
Insurance$80
Maintenance$571
CapEx reserve$285
Vacancy loss$205

Estimates 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.

Mortgage estimate

Estimated $2,777/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.

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