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2325 Lancaster Heights SE
Beds
7
Baths
5
Sqft
2,567
Year
2025
Type
Single Family
On market
18d
Welcome to this stunning and extensively upgraded 2,566 sq ft luxury home offering exceptional design, functionality and income potential with a fully finished illegal basement suite currently generating rental income. From the moment you enter, you are greeted with impressive 10’ ceilings on the main floor, soaring open spaces, beautiful tile flooring throughout all wet areas including the grand front entrance, elegant feature walls, custom arches and 8’ doors throughout both the main and upper levels. The thoughtfully designed main floor features two spacious living areas, a main floor bedroom with a full bath and a spectacular chef-inspired kitchen complete with ceiling-height cabinetry, built-in appliances, upgraded finishes, and a fully equipped spice kitchen with additional pantry space. The elegant railing details and upscale finishes throughout the home truly showcase the quality and craftsmanship. Upstairs offers a spacious bonus room, two luxurious master suites including a stunning primary retreat with a beautiful feature wall, spa inspired 5-piece ensuite, and walk in closet, along with two additional bedrooms and another full common bathroom. The professionally finished basement features a separate entrance, full kitchen, living area, two bedrooms plus a large den with closet space that can easily function as a third bedroom, creating excellent flexibility for extended family or additional rental income potential. Loaded with upgrades and designed for both luxury living and functionality, this home is a rare opportunity you do not want to miss. Book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.58 Ft x 12.17 Ft | |
| Bedroom | 10.83 Ft x 10.08 Ft | |
| Den | 11.25 Ft x 10.92 Ft | |
| Family room | 15.33 Ft x 12.17 Ft | |
| Kitchen | 17.17 Ft x 10.75 Ft | |
| 3pc Bathroom | 8.00 Ft x 6.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 12.92 Ft x 5.33 Ft | |
| Other | 11.67 Ft x 5.42 Ft | |
| Living room | 12.92 Ft x 12.58 Ft | |
| Bedroom | 11.67 Ft x 10.08 Ft | |
| 3pc Bathroom | 7.92 Ft x 4.92 Ft | |
| Family room | 12.00 Ft x 15.00 Ft | |
| Dining room | 13.00 Ft x 9.25 Ft | |
| Kitchen | 13.08 Ft x 9.25 Ft | |
| Other | 13.17 Ft x 5.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.92 Ft x 15.33 Ft | |
| 5pc Bathroom | 9.58 Ft x 11.75 Ft | |
| Bonus Room | 16.33 Ft x 11.83 Ft | |
| Primary Bedroom | 11.92 Ft x 12.83 Ft | |
| 3pc Bathroom | 7.50 Ft x 4.92 Ft | |
| Bedroom | 9.25 Ft x 11.83 Ft | |
| Bedroom | 9.42 Ft x 11.67 Ft | |
| 3pc Bathroom | 8.83 Ft x 6.92 Ft | |
| Laundry room | 8.83 Ft x 6.08 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
-0.93%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,907
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 22, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Airdrie. 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.