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215 Silver Valley Rise NW
Beds
5
Baths
3 full + 1 half
Sqft
1,168
Year
1978
Type
Single Family
On market
4d
You will find exceptional value in this beautifully updated 5-bedroom, 2.5-bathroom bi-level located in the highly sought-after community of Silver Springs. Offering over 2,250 sq. ft. of developed living space, this home provides plenty of room for families looking for a move-in-ready property in a fantastic location.The bright and spacious main floor features a large family room filled with natural light, a dining area, and a functional kitchen with warm wood cabinetry and brand-new appliances installed in 2025 (warranty remaining). Recent updates, including a wall removal and new flooring throughout the main living areas, create a more open and modern feel. Down the hall are three generous bedrooms, including the primary suite with a convenient 2-piece ensuite, along with a 4-piece main bathroom.The fully developed basement offers a large recreation room complete with a wet bar and cozy wood-burning fireplace with unique stone cladding, as well as two additional bedrooms, a 4-piece bathroom, laundry area, and utility room. New basement flooring and an updated vanity add to the home's fresh appeal.Major upgrades completed over the past two years include a new furnace and hot water tank (2023), water softener( 2025), central air conditioning, new windows with exterior smart trim and new doors (2024), upgraded 50r attic insulation, new washer and dryer, new blinds, updated toilets, and new kitchen appliances. Outside, enjoy the spacious west-facing backyard, a brand-new deck built in 2025, and a large double detached garage (23'3" x 21'4") with front-access driveway.Lovingly maintained and extensively upgraded, this home offers the perfect combination of space, comfort, and peace of mind in one of Calgary's most desirable northwest communities. Close to schools, parks, pathways, shopping, and transit, this is an opportunity you won't want to miss. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.42 Ft x 6.92 Ft | |
| Bedroom | 8.17 Ft x 8.67 Ft | |
| Bedroom | 9.33 Ft x 12.58 Ft | |
| Laundry room | 9.33 Ft x 12.92 Ft | |
| Recreational, Games room | 19.42 Ft x 25.92 Ft | |
| Furnace | 6.08 Ft x 5.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.25 Ft x 11.92 Ft | |
| Bedroom | 9.00 Ft x 11.08 Ft | |
| Bedroom | 8.00 Ft x 11.08 Ft | |
| 2pc Bathroom | 7.42 Ft x 4.42 Ft | |
| 4pc Bathroom | 7.42 Ft x 7.08 Ft | |
| Dining room | 8.42 Ft x 12.08 Ft | |
| Kitchen | 12.33 Ft x 12.08 Ft | |
| Living room | 13.08 Ft x 17.17 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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,633
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 6, 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.