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Reduced $127,000 (4%) from $2,847,000
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228 Crescent Road NW
Beds
5
Baths
5 full + 1 half
Sqft
3,327
Year
1939
Type
Single Family
On market
80d
OPPORTUNITY of a lifetime! Set on the most coveted RIDGE VIEW street in Calgary and first time on market in 50 years. This property is perfectly positioned for the trifecta of enthralling panoramic vistas - CITY SKYLINE, RIVER VALLEY + ROCKY MOUNTAINS! This estate LOT has a 56’ Frontage X 137’ deep on west side, increasing to 163’ deep on the east. Fabulous for development prospect or enjoyment of the current home & private back yard. This original Craftsman Style home exudes the warmth & natural elements of that design era with exposed rafters and beautiful gumwood detailing. Major 2022 renovation have created an Open Main Floor plan with dreamy custom Denca Kitchen, 2 updated Bathrooms, all new Electrical, Asbestos abatement, Upper level Wet Bar + more. Ideal for small or large families, this home offers 3227 sq.’ plus developed basement with total of 5 Bedrooms & 4.5 Bathrooms. Gathering spots of Living, Dining, Kitchen, Breakfast Nook + Upper Family Room are wonderful, warm, welcoming spaces to relax, enjoy life, each other, all while relishing the amazing vistas. 2 Full Baths , 2 Bedrooms ( 1 en-suited) & Laundry complete this level. Upstairs showcases the delightful Family Room, Office + Primary Bedroom Suite. Loads more living in the Lower level with 2 bedrooms, Full Bath w/ Sauna+ Rec Room. Large, Private Backyard incorporates 2 Garages. Oversized, Heated, Double Garage PLUS Oversized, Heated Single Garage, accessed by Paved alley. LOCATION is second to none..with VIEWS, Parks, River Pathways, easy walk to Downtown, local schools + restaurants. Don’t delay + miss this chance to live on one of the most prestigious addresses in Calgary! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 11.92 Ft x 21.67 Ft | |
| Sauna | 5.25 Ft x 7.17 Ft | |
| Bedroom | 10.58 Ft x 11.92 Ft | |
| Bedroom | 10.25 Ft x 10.58 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.92 Ft x 20.33 Ft | |
| Dining room | 10.92 Ft x 14.50 Ft | |
| Breakfast | 6.58 Ft x 11.83 Ft | |
| Living room | 13.08 Ft x 15.92 Ft | |
| Laundry room | 2.50 Ft x 5.50 Ft | |
| Bedroom | 10.92 Ft x 12.83 Ft | |
| Bedroom | 11.17 Ft x 11.25 Ft | |
| 4pc Bathroom | — | |
| 4pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 16.17 Ft x 24.08 Ft | |
| Office | 8.75 Ft x 22.58 Ft | |
| Primary Bedroom | 14.25 Ft x 16.67 Ft | |
| 2pc Bathroom | — | |
| 5pc Bathroom | — |
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
-0.54%
Cap rate
4.76%
GRM
13.9
Break-even rent
$16,581
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.
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.