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23 Springwood Drive NE
Beds
5
Baths
4 full + 1 half
Sqft
2,592
Year
1995
Type
Single Family
On market
25d
DREAM NEIGHBORHOOD! This executive 2 storey home,backing onto the green space is a great opportunity. Home is over 2,590 sq ft plus a fully finished basement that features the 4th bedroom, a 3pc bath and a perfectly outfitted games room complete with the pool table & accessories. Going upstairs to the Main floor is a huge spacious entry way with an Amazing Front Door that speaks to the curb appeal! Main Floor laundry, a bedroom that could easily be a main floor office/workroom, 2pc bath, a sparkling white kitchen with stainless steel appliances, with a breakfast nook and family room. Also there is a formal dining area/living room complete this main floor. Upstairs you find the the Master suite that features a 5pc bath with his\her sinks, a separate stand up shower and a jacuzzi tub plus 2 more bdrms & 4pc bath. Upgrades include- 2 furnaces Dec/24, HWT Dec/24, Flooring in kitchen & family room March/25, some cupboards & counter top Mar/25,cooktop, Apr/25 , fridge Apr/25, dishwasher & garburator, Apr/25, washer & dryer Apr/25. Outside you can't beat the yard that backs onto the green zone & fire pit area. Great family neighbourhood, yard & a stunning home! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 25.33 Ft x 25.75 Ft | |
| Bedroom | 14.83 Ft x 15.58 Ft | |
| 3pc Bathroom | 6.17 Ft x 7.00 Ft | |
| Storage | 18.17 Ft x 38.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6.42 Ft x 9.17 Ft | |
| Living room/Dining room | 15.67 Ft x 27.83 Ft | |
| Kitchen | 12.42 Ft x 18.08 Ft | |
| Other | 5.92 Ft x 9.83 Ft | |
| Family room | 13.42 Ft x 19.75 Ft | |
| 2pc Bathroom | — | |
| Bedroom | 9.58 Ft x 12.00 Ft | |
| Laundry room | 7.83 Ft x 14.25 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.00 Ft x 18.58 Ft | |
| 5pc Bathroom | 8.58 Ft x 13.42 Ft | |
| Bedroom | 8.58 Ft x 13.42 Ft | |
| Bedroom | 9.92 Ft x 13.50 Ft | |
| 4pc Bathroom | 5.25 Ft x 8.25 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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,414
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 May 25, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Slave Lake. 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.