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238 Skyview Point Road NE
LIVE UP-RENT DOWN Welcome to this exceptional detached home in the vibrant community of Skyview Ranch, offering the perfect blend of comfort, functionality, and investment potential with a fully legal basement suite. Whether you’re a growing family, first-time homebuyer, or savvy investor, this property checks all the boxes.The main level features a bright and inviting open-concept design with spacious living and dining areas, large windows that fill the home with natural light, and a well-appointed kitchen designed for both everyday living and entertaining. Upgraded laundry room on main floor with new Washer and Dryer. Stunning Granite Countertops throughout the Kitchen. Upstairs, you’ll find generously sized 3 bedrooms with 2 full washrooms. The double detached garage provides secure parking and extra storage, while the built-in Tesla charging station adds modern convenience for electric vehicle owners. The fully legal basement suite, complete with a separate entrance, provides excellent mortgage-helper potential or comfortable accommodations for extended family. This valuable addition creates flexibility and long-term income opportunities.Situated on a desirable street in Skyview Ranch, this home is conveniently located near schools, parks, playgrounds, shopping, restaurants, public transit, and major routes including Stoney Trail. Enjoy the convenience of urban amenities while living in a family-friendly neighborhood.Whether you’re looking to live up and rent down, expand your investment portfolio, or secure a home with built-in income potential, this is an opportunity you won’t want to miss. Book your private showing today and discover the value, versatility, and lifestyle this outstanding property has to offer! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.83 Ft x 5.00 Ft | |
| Bedroom | 11.42 Ft x 12.50 Ft | |
| Kitchen | 8.42 Ft x 17.83 Ft | |
| Recreational, Games room | 13.58 Ft x 10.92 Ft | |
| Laundry room | 9.92 Ft x 7.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.75 Ft | |
| Dining room | 8.83 Ft x 12.83 Ft | |
| Kitchen | 9.67 Ft x 14.50 Ft | |
| Living room | 15.50 Ft x 15.67 Ft | |
| Other | 7.58 Ft x 5.75 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.58 Ft | |
| 4pc Bathroom | 10.42 Ft x 5.75 Ft | |
| Bedroom | 10.42 Ft x 8.75 Ft | |
| Bedroom | 11.17 Ft x 9.83 Ft | |
| Primary Bedroom | 11.92 Ft x 12.92 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
-1.25%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,783
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 14, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Hazrat Bilal Islamic Center
3.6 km away
Al-Hedaya Islamic Centre
4.4 km away
Al Madinah Islamic Centre
5.1 km away
7.4 km away
9.1 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
9.3 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
13.3 km away
14.1 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
7.4 km away
Amir Halal Meats & Grocery
13.3 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.