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2314 Richmond Road SW
Beds
3
Baths
2
Sqft
1,418
Year
1959
Type
Single Family
On market
47d
** Open House: Saturday, May 9th 2-4pm **50x131 FT RC-G Lot Bungalow with a rear width of 58 FT, offering outstanding potential for living, renting, or future redevelopment. The property includes a front attached garage and an illegal basement suite, all situated on a large 7,000+ sqft west-facing lot in the desirable inner-city community of Richmond.This well-kept bungalow features a bright and functional main floor with a comfortable living room and a formal dining area ideal for entertaining. A spacious family room and a beautiful kitchen with ample cabinetry and workspace create an inviting layout for daily living and cooking. French doors open onto an immense private rear garden with raised garden beds, mature landscaping, and shaded patio space perfect for outdoor enjoyment.The main level includes three well-sized bedrooms with good closet space along with a full bathroom.The illegal basement suite offers a private separate entry, a kitchen, full bathroom, sitting area, and a laundry room.A front attached garage provides year-round convenience.Located close to schools, parks, shopping, and amenities with quick access to Crowchild Trail, this home offers excellent inner-city accessibility. Whether you plan to live, rent, or redevelop (subject to City approval), this property offers strong long-term potential. Just steps from Marda Loop, one of Calgary’s most vibrant inner-city communities.Don’t miss out on this exceptional opportunity! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.08 Ft x 9.83 Ft | |
| Kitchen | 9.08 Ft x 9.92 Ft | |
| Recreational, Games room | 18.08 Ft x 10.58 Ft | |
| Furnace | 17.67 Ft x 9.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 11.08 Ft x 5.00 Ft | |
| Bedroom | 10.50 Ft x 11.17 Ft | |
| Bedroom | 10.25 Ft x 12.50 Ft | |
| Dining room | 13.92 Ft x 14.42 Ft | |
| Kitchen | 15.67 Ft x 10.83 Ft | |
| Living room | 13.42 Ft x 15.33 Ft | |
| Primary Bedroom | 14.92 Ft x 11.17 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
-1.02%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,815
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 21, 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.