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Calgary · Single Family · under $425,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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200 Fonda Drive SE
Welcome to 200 Fonda Drive SE in Forest Heights, a fantastic opportunity for first-time buyers, investors, or anyone looking for a home with excellent mortgage-helping potential. This semi-detached home is ideally located in the established community of Forest Heights, offering quick access to schools, parks, shopping, public transit, and major roadways. The main level features a bright and functional layout with generous living spaces, plenty of natural light, and an inviting atmosphere with THREE BEDROOMS that is move-in ready. The fully developed lower level features an existing two-bedroom illegal basement suite complete with a full kitchen, spacious living area, and a 4-piece bathroom. Currently tenant occupied, the tenants have expressed a willingness to stay, offering an excellent opportunity for immediate rental income. Both the upper and lower suites have recently been UPDATED WITH NEWER APPLIANCES, providing modern convenience for both owner-occupants and tenants. Outside, you'll find a private yard with ample room to enjoy the outdoors. Whether you're looking to expand your investment portfolio or purchase a home with income potential, this property offers outstanding value in a mature, convenient neighbourhood. Enjoy being less than 10 minutes from Downtown Calgary and under 20 minutes from Calgary International Airport. (id:65958)
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
14.31%
Cap rate
7.73%
GRM
9.5
Break-even rent
$2,359
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 1, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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