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Reduced $5,000 (1%) from $553,000
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2231 39 Street SE
Beds
5
Baths
2
Sqft
1,083
Year
1958
Type
Single Family
On market
21d
Welcome to a home that quietly overdelivers on value, versatility, and everyday ease—an exceptional opportunity for first-time buyers, savvy investors, or anyone looking to offset costs with a fully independent illegal basement suite.This inviting bungalow offers a well-balanced and highly functional layout, featuring three bedrooms on the main level and two additional bedrooms below, creating flexible living options for extended family, guests, or more. The home has been thoughtfully refreshed and well cared for over time, presenting clean, modern finishes and a move-in-ready feel that simply invites you to imagine life here.Set on a generous, fully fenced lot exceeding 6,000 sq. ft., the outdoor space is as appealing as the interior—perfect for entertaining, kids and pets, gardening, or simply enjoying your own private retreat. Ample parking adds to the home’s everyday practicality.Location is where this property truly shines. Nestled in one of Calgary’s most connected and amenity-rich communities, you’re minutes from schools, transit with easy downtown and LRT access, shopping, services, parks, recreation facilities, the local pool, and library. Everything that supports a convenient, family-focused lifestyle is right at your fingertips.Homes that combine space, flexibility, income potential, and location at this price point are becoming increasingly rare. This is one of those properties that makes people pause—and then rush to see it in person.Move-in ready. Full of possibility. Easy to fall for. Call your favorite agent today. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.67 Ft x 10.58 Ft | |
| Bedroom | 10.67 Ft x 7.83 Ft | |
| Kitchen | 6.83 Ft x 11.33 Ft | |
| Recreational, Games room | 18.08 Ft x 10.58 Ft | |
| 4pc Bathroom | 5.08 Ft x 9.25 Ft | |
| Furnace | 8.25 Ft x 8.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.42 Ft x 13.25 Ft | |
| Kitchen | 15.67 Ft x 11.50 Ft | |
| Bedroom | 9.92 Ft x 7.92 Ft | |
| Primary Bedroom | 11.83 Ft x 21.42 Ft | |
| Bedroom | 8.50 Ft x 11.42 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.17 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
-1.12%
Cap rate
4.64%
GRM
13.8
Break-even rent
$3,408
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.
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.