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Reduced $100,100 (9%) from $1,175,000
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222 Diamond Drive SE
There are homes that offer space, and homes that offer a setting that is difficult to replace. Located on a ridge lot backing onto the Bow River and pathway system in Diamond Cove, this extensively updated two-storey walkout offers over 4,000 sq ft of developed living space in one of Calgary’s most desirable river communities. Mature trees behind the property provide privacy and a natural backdrop, while the pathway directly behind the home leads down into Fish Creek Park and Calgary’s extensive river pathway network. The main floor opens with a 17-foot foyer, hardwood flooring, and a layout designed for both everyday living and entertaining. A front family room and dedicated main floor office provide flexible spaces for gathering, working from home, or quiet retreat. The mudroom and laundry area include additional storage along with direct access to the double attached garage. At the centre of the home, the kitchen, dining, and living areas connect seamlessly. The kitchen features ceiling-height cabinetry, built-in wall oven and microwave, electric cooktop, stainless steel appliances, generous prep space, and a walk-in corner pantry. The adjoining dining area is large enough to accommodate formal dinners, holidays, and larger gatherings. Upstairs features four generous-sized bedrooms, all large enough to accommodate queen beds, while the primary suite easily accommodates a full king bedroom set. The primary suite spans over 21 feet in length and includes a bay window sitting area, walk-in closet, and completely renovated 5-piece ensuite with heated floors, heated towel rack, skylight, dual vanities, soaker tub, electric fireplace, and a six-function shower system featuring mist/rain shower heads and four body jets, creating a boutique hotel-inspired retreat within the home. The fully developed walkout basement adds further flexibility with a large recreation area, wet bar, full bathroom, ample storage with built-in shelving, and a large fifth bedroom featuring a la rge walk-in closet and legal egress window. Additional features include two brand new high-efficiency furnaces installed in December 2025, hot water on demand installed in November 2025, updated light fixtures, updated interior doors, updated door casings, updated receptacles including integrated USB outlets, air conditioning, irrigation, gas BBQ line, gas lamps, stamped concrete patio, and an enormous upper deck overlooking the river pathway system and surrounding green space. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.67 Ft x 33.83 Ft | |
| Bedroom | 13.33 Ft x 17.92 Ft | |
| Storage | 12.75 Ft x 13.50 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Furnace | 6.67 Ft x 8.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.00 Ft x 13.58 Ft | |
| Family room | 13.92 Ft x 15.50 Ft | |
| Kitchen | 13.00 Ft x 13.92 Ft | |
| Dining room | 9.33 Ft x 15.42 Ft | |
| Breakfast | 7.50 Ft x 10.50 Ft | |
| Foyer | 6.75 Ft x 9.58 Ft | |
| Den | 10.00 Ft x 11.42 Ft | |
| Laundry room | 8.50 Ft x 10.67 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 15.83 Ft x 21.33 Ft | |
| Other | 6.50 Ft x 9.33 Ft | |
| 5pc Bathroom | 9.17 Ft x 13.17 Ft | |
| Bedroom | 11.58 Ft x 11.92 Ft | |
| Bedroom | 12.17 Ft x 13.00 Ft | |
| Bedroom | 10.67 Ft x 12.17 Ft | |
| 4pc Bathroom | 7.75 Ft x 8.00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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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
-0.81%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,604
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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