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220 Cornerstone Grove NE
Beds
4
Baths
4 full + 1 half
Sqft
1,528
Year
2021
Type
Single Family
On market
7d
Welcome to this beautifully designed two-storey home in the vibrant Cornerstone community in NE Calgary, offering 4 bedrooms and 3.5 bathrooms with exceptional versatility for both homeowners and investors.Step inside to a bright, open-concept main floor featuring upgraded flooring, expansive windows that flood the space with natural light, and a spacious living and dining area perfect for everyday living and entertaining. The upgraded kitchen serves as the heart of the home—ideal for family gatherings, hosting, and creating lasting memories.Upstairs, you’ll find well-appointed bedrooms designed for comfort and functionality, while the fully builder-finished basement with a separate entrance adds incredible value and flexibility.The separate entrance and finished basement create strong potential for a future suite (subject to city approval), making this an excellent opportunity for additional rental income or a mortgage helper.This home features thoughtful upgrades throughout, a bright and functional open-concept layout, and a builder-finished basement with a separate entrance that enhances both livability and investment appeal. With strong income potential and a location in a fast-growing, family-friendly community, this property offers the perfect balance of lifestyle and long-term value.Whether you’re looking for your next home or a smart investment, this property delivers on both lifestyle and opportunity. Don’t miss your chance to own in one of Calgary’s most desirable and rapidly developing communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.58 Ft x 14.08 Ft | |
| 4pc Bathroom | 7.58 Ft x 4.92 Ft | |
| Bedroom | 8.83 Ft x 10.58 Ft | |
| Furnace | 18.00 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.42 Ft x 14.50 Ft | |
| Kitchen | 13.92 Ft x 12.50 Ft | |
| Dining room | 8.67 Ft x 12.50 Ft | |
| Pantry | 4.92 Ft x 5.67 Ft | |
| Other | 8.33 Ft x 5.67 Ft | |
| 2pc Bathroom | 4.67 Ft x 5.67 Ft | |
| Other | 5.67 Ft x 6.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.58 Ft x 8.25 Ft | |
| Other | 4.58 Ft x 5.25 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.17 Ft | |
| Laundry room | 7.42 Ft x 5.33 Ft | |
| Bedroom | 10.42 Ft x 9.17 Ft | |
| Bedroom | 10.00 Ft x 9.50 Ft | |
| Primary Bedroom | 12.00 Ft x 13.17 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
-1.13%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,693
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 7, 2026.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.