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240 Arbour Ridge Way NW
Beds
6
Baths
4 full + 1 half
Sqft
2,174
Year
1993
Type
Single Family
On market
83d
Welcome to this rare opportunity to own a beautifully well maintained 2-storey home, offering 4 bedrooms upstairs + 2 bedrooms downstairs, with over 3,000 sq ft of developed living space in the highly sought-after community of Arbour Lake. This is an ideal property for multigenerational living, extended family, or those seeking extra space and flexibility. MAIN LEVEL: Step into a bright and inviting main floor featuring soaring-ceiling living room filled with natural light, a formal dining room perfect for family gatherings, an open-concept kitchen with white cabinetry and a spacious eating area, a cozy family room adjacent to the kitchen, a convenient 2-piece bathroom and main-floor laundry room. Fresh Paint and POLY-B pipes were replaced. UPPER LEVEL: Offers exceptional functionality for families. A generous Primary Bedroom with a 4-piece ensuite, including a standalone glass shower, relaxing jetted tub, and a separate walk-in closet. Three additional well-sized bedrooms and full shared bathroom, ideal for children, guests, or extended familyLOWER LEVEL: The fully developed basement provides outstanding versatility: A one-bedroom suite with its own 3-piece bathroom, an additional flex room that can serve as a bedroom, office, or hobby space and a large recreation/entertainment room. Perfect setup for in-laws, older children, or multigenerational living. Located in a quiet, family friendly area, this home is just minutes from top rated schools, parks, playgrounds, and walking paths. Enjoy year round lake access like Swimming, Fishing, Skating, Hockey, Boating, Ice Fishing and Paddleboarding. Easy access to Crowfoot Crossing, with plenty of shops, restaurants, and entertainment as well as quick access to major highways such as Stoney Trail, Crowchild Trail, John Laurie Blvd, and Country Hills Blvd for smooth commutes across the city and just minutes away from Robert Thirst High School, The Library, Crowfoot LRT, Crowfoot Crossing, Superstore and Beacon Hill Shopp ing Centre. The property is EASY TO SHOW so book your showing today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.25 Ft x 9.50 Ft | |
| Bedroom | 14.75 Ft x 11.58 Ft | |
| Bedroom | 11.83 Ft x 13.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.08 Ft x 14.67 Ft | |
| Dining room | 9.08 Ft x 14.33 Ft | |
| Kitchen | 11.50 Ft x 11.67 Ft | |
| Family room | 14.67 Ft x 15.58 Ft | |
| Laundry room | 9.25 Ft x 8.08 Ft | |
| 1pc Bathroom | 3.25 Ft x 7.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.33 Ft x 18.00 Ft | |
| 4pc Bathroom | 10.50 Ft x 11.58 Ft | |
| Bedroom | 11.33 Ft x 9.00 Ft | |
| Bedroom | 11.75 Ft x 12.25 Ft | |
| Bedroom | 12.75 Ft x 9.75 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.75 Ft | |
| Other | 5.33 Ft x 12.25 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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
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 8, 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.