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Calgary · Single Family · under $650,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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206 Cornerstone Avenue NE
**GREAT LOCATION | SPACIOUS BEDROOMS | OPEN-CONCEPT LAYOUT | LEGAL BASEMENT SUITE | CENTRAL AIR CONDITIONING | DOUBLE DETACHED GARAGE | FULLY FENCED YARD**Welcome to this beautifully maintained, move-in-ready duplex offering **over 2,300 sq. ft. of fully developed living space**. Featuring **4 bedrooms, 3.5 bathrooms**, a **legal basement suite**, **central air conditioning**, and a **double detached garage**, this home perfectly blends style, comfort, and functionality. Conveniently located just minutes from shopping, grocery stores, banks, schools, playgrounds, and other everyday amenities, it offers exceptional value for families and investors alike.Step inside to a bright and inviting open-concept main floor highlighted by **9-foot ceilings**, elegant lighting, and tasteful feature walls. The spacious living room is anchored by a stunning stone-faced fireplace, creating a warm and welcoming space for relaxing or entertaining. The generous dining area flows seamlessly into the well-appointed kitchen, complete with a large center island and breakfast bar, stainless steel appliances, abundant cabinetry, a pantry, and ample counter space for meal preparation.The main level also features a convenient 2-piece powder room, a functional mudroom with additional storage, front entry closet, and direct access to the backyard deck.Upstairs, you'll find a spacious primary retreat with a walk-in closet and a private ensuite, along with two additional generously sized bedrooms, a full bathroom, and a separate upper-level laundry room for added convenience.The fully developed **legal basement suite** with a separate entrance offers excellent flexibility for multi-generational living or mortgage-helper potential. It includes a spacious bedroom, a full kitchen, a comfortable living area, a full bathroom, and its own laundry.Enjoy the backyard, complete with a large deck that's perfect for summer barbecues, entertaining guests, or simply relaxing outdoors. The double d etached garage provides secure parking and additional storage.Immaculate, thoughtfully upgraded, and ideally located, this exceptional home is a fantastic opportunity for families, first-time buyers. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.83 Ft x 12.50 Ft | |
| 4pc Bathroom | 7.83 Ft x 6.00 Ft | |
| Kitchen | 6.67 Ft x 10.75 Ft | |
| Family room | 4.25 Ft x 11.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9.83 Ft x 27.00 Ft | |
| Dining room | 5.75 Ft x 10.83 Ft | |
| Kitchen | 9.92 Ft x 12.42 Ft | |
| 2pc Bathroom | 5.00 Ft x 4.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.67 Ft x 10.92 Ft | |
| Bedroom | 9.08 Ft x 10.58 Ft | |
| Bedroom | 10.83 Ft x 9.17 Ft | |
| 3pc Bathroom | 4.92 Ft x 7.83 Ft | |
| 4pc Bathroom | 7.58 Ft x 5.00 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
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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
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Insurance estimate
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Commute
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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
-1.17%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,723
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 12, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Hazrat Bilal Islamic Center
3.5 km away
Al-Hedaya Islamic Centre
4.3 km away
Al Madinah Islamic Centre
5.0 km away
7.4 km away
9.2 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
9.4 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
13.3 km away
14.1 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
7.3 km away
Amir Halal Meats & Grocery
13.3 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.