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Reduced $25,000 (3%) from $825,000
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2212 4 Street NE
Beds
5
Baths
2
Sqft
1,310
Year
1968
Type
Single Family
On market
33d
****OPEN HOUSE SUNDAY JUNE 7 - 2PM TO 4PM**** Two homes, one address. Smart inner-city living in desirable Winston Heights. Whether you're looking to offset your mortgage with rental income, create privacy for extended family, or add a turn-key cash-flow property to your portfolio, this extensively upgraded bi-level delivers a level of flexibility rarely found in Calgary’s inner city. The upper level lives like a true single-family home, featuring hardwood floors and an abundance of natural light. The open-concept offers spacious living space anchored by a cozy gas fireplace, while the open dining area easily accommodates family dinners or larger gatherings. A convenient breakfast bar invites casual dining and the well-appointed kitchen showcases white cabinetry, S/S appliances, ample counter space, and plenty of storage. From the kitchen, enjoy clear sightlines to the fully landscaped and fenced backyard, complete with raised vegetable garden and oversized two-tier composite deck designed for entertaining. The generous primary bedroom comfortably fits a king-sized bed and full furnishings, while two additional bedrooms feature wall-to-wall closeting. The main bathroom includes a jetted tub, glass shower, and oversized vanity with drawers. As a bonus, the main level includes a private lower-level flex room — ideal for home office, gym space, or additional storage. The lower-level illegal suite offers a separate entrance and private foyer leading into a bright, self-contained two-bedroom suite. Full of character, the retro-inspired kitchen brings classic 1960s charm, while the oversized windows flood the suite with natural light, making it feel anything but basement living. The suite includes a spacious living area, two comfortable bedrooms with cozy carpeting, and an updated bathroom. Shared laundry is thoughtfully positioned for easy access while maintaining separation between both living spaces, with an option to add a second washer/dryer within the suite bathr oom for fully independent living. Pride of ownership is evident throughout with numerous upgrades, including fresh paint, new light fixtures, central A/C, new asphalt shingles, eaves and downspouts, 200-amp electrical panel servicing both spaces. The oversized detached double garage is constructed with cinder block and is complemented by an additional parking pad — ideal for tenant parking, extra vehicles, or RV storage. Perfectly situated for both homeowners and tenants, this location offers quick access to 16 Ave, Edmonton Tr, Deerfoot Tr, and downtown. Enjoy walking distance to schools, playgrounds and parks, CO-OP, trendy restaurants on Centre St or down the hill in Bridgeland, while being just minutes from the community center, city pathways, Winston and Fox Hollow Golf Courses, and Nose Hill Park. This rare inner-city property checks every box. Whether you're a family seeking flexibility or an investor focused on cash flow, this is an exceptional opportunity. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 11.00 Ft x 11.33 Ft | |
| Furnace | 11.00 Ft x 10.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.08 Ft x 16.33 Ft | |
| Dining room | 8.42 Ft x 12.58 Ft | |
| Kitchen | 11.58 Ft x 15.50 Ft | |
| Primary Bedroom | 10.92 Ft x 13.92 Ft | |
| Bedroom | 11.83 Ft x 10.42 Ft | |
| Bedroom | 11.33 Ft x 11.83 Ft | |
| 4pc Bathroom | 5.08 Ft x 13.92 Ft | |
| Other | 3.67 Ft x 6.17 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.50 Ft x 16.17 Ft | |
| Other | 10.42 Ft x 12.00 Ft | |
| Bedroom | 10.75 Ft x 11.17 Ft | |
| Bedroom | 10.67 Ft x 10.67 Ft | |
| 4pc Bathroom | 4.58 Ft x 10.75 Ft | |
| Other | 3.92 Ft x 10.92 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
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,936
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.