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2316 Richmond Road SW
Beds
4
Baths
2
Sqft
1,411
Year
1950
Type
Single Family
On market
4d
Rare opportunities like this don't come along often. Lovingly maintained by the same owners for 47 years, this exceptionally cared-for bungalow offers the perfect balance of comfortable family living, incredible garage space, and long-term investment potential. Situated on an oversized 50' x 130' R-CG lot in sought-after Richmond, this property is ideal for families seeking a detached inner-city home, tradespeople or hobbyists needing exceptional workspace, or investors looking to secure a premium redevelopment holding property in one of Calgary's most desirable locations. With over 2,400 sq. ft. of developed living space, the home has been thoughtfully updated throughout the years while maintaining the warmth and character that only decades of pride of ownership can provide. The functional layout features four bedrooms, spacious living areas, an updated kitchen with granite countertops and maple cabinetry, and flexible lower-level living space for family, guests, hobbies, or a home office. The true standout is the oversized heated triple detached garage. Complete with in-floor heat, a dedicated office, workshop space, lofted storage, dual overhead doors, and additional rear parking for vehicles, toys, or a small RV, this is a setup rarely found in the inner city.Step outside to enjoy the private east-facing backyard, mature landscaping, underground irrigation, natural gas BBQ and firepit connections, and room for kids, pets, and entertaining. Located minutes from Marda Loop, 17th Avenue, downtown, schools, parks, shopping, and restaurants, this property offers an exceptional opportunity to move in and enjoy today while securing the long-term value of a large R-CG lot in a premier inner-city community. Whether you're looking for a family home, an incredible garage, or future redevelopment potential, this is a property that delivers on all three. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 10.67 Ft x 20.58 Ft | |
| Family room | 10.25 Ft x 15.92 Ft | |
| Storage | 5.42 Ft x 10.42 Ft | |
| Bedroom | 10.75 Ft x 11.75 Ft | |
| Other | 4.00 Ft x 5.17 Ft | |
| Bedroom | 11.25 Ft x 15.50 Ft | |
| Other | 5.42 Ft x 8.08 Ft | |
| Storage | 6.58 Ft x 9.67 Ft | |
| Laundry room | 11.75 Ft x 15.42 Ft | |
| 3pc Bathroom | 5.67 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.25 Ft x 15.42 Ft | |
| Kitchen | 9.75 Ft x 10.33 Ft | |
| Dining room | 8.33 Ft x 10.92 Ft | |
| Primary Bedroom | 18.92 Ft x 19.42 Ft | |
| Bedroom | 11.08 Ft x 14.83 Ft | |
| Foyer | 3.42 Ft x 4.08 Ft | |
| 4pc Bathroom | 4.83 Ft x 10.92 Ft | |
| Other | 7.42 Ft x 10.50 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
-0.82%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,785
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.