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Reduced $10,000 (2%) from $599,000
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2007 Cottonwood Crescent SE
Beds
3
Baths
2
Sqft
956
Year
1958
Type
Single Family
On market
67d
Welcome to this beautifully updated bungalow in the established community of Southview, offering exceptional value, modern upgrades, and incredible potential on a massive pie-shaped lot.Inside, the home has undergone a comprehensive refresh, featuring new flooring, fresh paint throughout, an new kitchen,stainless steel appliances and renovated bathroom. The bright and functional main level is complemented by large windows that fill the space with natural light, while maintaining a warm and inviting feel.The basement is mostly developed and presents a fantastic opportunity to customize and add value. With space already laid out, it’s ready for your finishing touches, including potential kitchen, bathroom, and bedroom completion, making it ideal for extended family living or future suite potential (subject to approvals).Perfectly positioned on a quiet street, this home delivers outstanding access to downtown Calgary, major routes including Deerfoot Trail, nearby schools, parks, transit, and a wide range of shopping and amenities,making it an ideal fit for families, investors, or anyone seeking central convenience.Set on a massive, mature lot with ample outdoor space, this property also features an oversized double garage, perfect for hobbyists, trades, or additional storage.Whether you're looking for a move-in ready home with upgrades already completed, or a property with strong upside potential, this Southview bungalow delivers on both lifestyle and investment. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 17.83 Ft x 34.42 Ft | |
| Laundry room | 5.42 Ft x 7.67 Ft | |
| 3pc Bathroom | 4.25 Ft x 7.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Primary Bedroom | 11.50 Ft x 11.42 Ft | |
| Bedroom | 8.17 Ft x 12.00 Ft | |
| Bedroom | 7.83 Ft x 11.42 Ft | |
| Family room | 14.92 Ft x 15.67 Ft | |
| Kitchen | 8.58 Ft x 8.58 Ft | |
| Dining room | 7.00 Ft x 8.50 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
-1.27%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,657
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 Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.