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231 Saddlebrook Way NE
Beds
5
Baths
4
Sqft
1,162
Year
2007
Type
Single Family
On market
33d
Want to be mortgage free faster? What if your home could pay you back? Well here it can! Live up. Rent down and let this 5-bed bungalow in Saddle Ridge help pay your mortgage.231 Saddlebrook Way NE is a 5-bed bungalow that gives you a lot more than a place to live. The main floor is 1,162.5 sqft (RMS) with an open kitchen, gas fireplace, vaulted ceilings, and a primary bedroom with a 4-piece ensuite and walk-in closet. Two more bedrooms and a full bath round out the main level.Downstairs, a legal 2-bedroom suite has its own entrance, full kitchen, 4-piece bath, living area, and laundry. Rent it out and offset a big chunk of your mortgage or if you have an extended family that lives with you then this gives you convenience with seperate entrance and full kitchen and amenities.There is also a second guest/bachelor pad in the other half of the basement with its own kitchen/wetbar, large living room, 3-piece bath, and side entrance. Use it for family, guests, or explore short-term rental income with proper City of Calgary licensing.Total finished space: 2,089.9 sqft. Detached double garage. Fenced yard. R-G zoning. School right across the street, transit close by, shopping minutes away.This is the kind of property that makes your mortgage work for you.(some photos enhance with AI Virtual staging for your reference) Call your favorite realtor to book a showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 3.17 Ft x 3.33 Ft | |
| 3pc Bathroom | 4.92 Ft x 6.42 Ft | |
| Kitchen | 8.17 Ft x 11.25 Ft | |
| Living room/Dining room | 10.92 Ft x 13.25 Ft | |
| 4pc Bathroom | 4.92 Ft x 6.75 Ft | |
| Kitchen | 7.08 Ft x 8.75 Ft | |
| Living room/Dining room | 13.83 Ft x 12.17 Ft | |
| Bedroom | 8.75 Ft x 12.25 Ft | |
| Bedroom | 8.75 Ft x 10.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.92 Ft x 6.67 Ft | |
| Living room | 11.92 Ft x 13.92 Ft | |
| Dining room | 8.58 Ft x 8.58 Ft | |
| Kitchen | 8.42 Ft x 11.08 Ft | |
| Laundry room | 5.75 Ft x 6.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.67 Ft | |
| Bedroom | 8.42 Ft x 10.08 Ft | |
| Bedroom | 8.17 Ft x 10.67 Ft | |
| Primary Bedroom | 10.50 Ft x 15.00 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.08 Ft | |
| Other | 3.33 Ft x 6.83 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
-1.11%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,208
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.