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Legal suite

$2,195,000

24008 241 Avenue E

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Beds

8

Baths

5 full + 1 half

Sqft

Year

2011

Type

Single Family

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Foothills County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this beautifully designed multigenerational home, offering flexible living spaces ideal for extended family, nanny or a fantastic mortgage helper opportunity. This is an extraordinary custom-built estate nestled on a beautifully manicured 2-acre parcel, including a high-earning legal suite, just a short drive from the vibrant heart of Calgary. This exceptional 8-bedroom, 4.5-bathroom residence offers 4,941 square feet of exquisitely designed living space, crafted with a seamless blend of architectural sophistication and everyday comfort. From the moment you arrive, you're greeted by the striking contemporary design—featuring clean lines, a sleek metal roof, and purposeful elements that make this home as stylish as it is functional. Expansive floor-to-ceiling windows invite an abundance of natural light throughout, illuminating polished concrete floors and emphasizing the spacious, open-concept layout. The main dining area flows effortlessly from the state-of-the-art kitchen—complete with high-end appliances, extensive quartz countertops, custom cabinetry, and a large center island—into a generous living room with a real wood-burning fireplace, perfect for cozy gatherings and enjoying panoramic views. A dedicated den offers a quiet space for a home office or study. Each of the six well-proportioned bedrooms provides a private sanctuary, with the luxurious primary suite featuring a spa-inspired ensuite with dual vanities, a walk-in shower, makeup vanity, and open-concept closet. The remaining bathrooms are outfitted with sleek, contemporary fixtures that reflect the home's modern character. Downstairs, the fully developed walk-out basement opens up a world of possibility, with a home theater, gym, and recreation room ready to suit any lifestyle. Adding incredible value is the thoughtfully designed 2-bedroom legal suite above the triple-attached garage, with a private entrance and full kitchen—currently generating $2,100 per month in consistent rental income , making it ideal for investors, multigenerational living, or offsetting mortgage costs. The expansive lot includes mature landscaping, a 3,500-gallon cistern, a large deck for entertaining, and wide open spaces perfect for gardening or play—all set against sweeping prairie views. Lovingly maintained by the original owner and built with premium materials throughout, this home combines modern luxury with practical functionality. Despite its peaceful rural setting, the property is just minutes from Calgary’s city limits, the South Health Campus, top-rated schools, shopping, restaurants, and all essential services. Whether you're searching for a luxurious family retreat, a flexible multigenerational setup, or a savvy investment opportunity, this extraordinary estate offers unmatched versatility and timeless appeal. This property is a must see in person to truly take it all in. Ask your favorite realtor and come on Buy! (id:65958)

Subtype
Single Family
Structure
House
Common interest
Freehold
Living area
3,718 square feet
Lot size
2 acres
Lot dimensions
2.00
Bedrooms
4 above grade, 4 below grade
Parking
20 total
Stories
2
Fireplace
1
On market
Mar 5, 2026
Status changed
Apr 29, 2026
Annual tax
$11,361 (2025)
Zoning
CRA
Photos
50
MLS#
A2290889
Area
RURAL_FOOTHILLS_COUNTY

Features and systems

Parking

Attached GarageGravel

Basement

FinishedFullWalk out

Appliances

WasherRefrigeratorCooktop - ElectricDishwasherDryerMicrowaveHumidifierWindow CoveringsGarage door opener

Heating

Forced air

Cooling

None

Exterior

StuccoVinyl siding

Flooring

ConcreteCarpetedCeramic TileVinyl Plank

Foundation

Poured Concrete

Lot

Cul-de-sacPVC windowCloset OrganizersNo Smoking Home

View

View
Negative cash flow ~$211/mo at these assumptions

Cash on cash

-0.58%

Cap rate

4.75%

GRM

13.9

Break-even rent

$13,397

Financing

Down payment$439,000
Loan amount$1,756,000
Mortgage$8,897/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,006
Insurance$80
Maintenance$1,829
CapEx reserve$915
Vacancy loss$659

Estimates 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.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Foothills County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $8,897/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.

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