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Reduced $195,100 (9%) from $2,195,000
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Rural Foothills County · Single Family · under $2,175,000 · 7+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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24008 241 Avenue E
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)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.83 Ft x 5.25 Ft | |
| Bedroom | 9.75 Ft x 10.50 Ft | |
| Bedroom | 9.42 Ft x 17.00 Ft | |
| Recreational, Games room | 32.42 Ft x 15.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.83 Ft x 5.08 Ft | |
| Dining room | 15.92 Ft x 14.58 Ft | |
| Kitchen | 14.42 Ft x 16.50 Ft | |
| Living room | 20.67 Ft x 15.92 Ft | |
| Den | 7.00 Ft x 8.25 Ft | |
| Other | 5.83 Ft x 10.08 Ft | |
| Pantry | 5.25 Ft x 10.75 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.08 Ft x 12.08 Ft | |
| 4pc Bathroom | 10.83 Ft x 18.50 Ft | |
| Bedroom | 13.50 Ft x 13.92 Ft | |
| Bedroom | 14.67 Ft x 16.17 Ft | |
| Laundry room | 5.42 Ft x 12.25 Ft | |
| Primary Bedroom | 13.00 Ft x 15.58 Ft | |
| Bedroom | 11.75 Ft x 12.17 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 7.92 Ft | |
| Primary Bedroom | 9.67 Ft x 10.25 Ft | |
| Bedroom | 9.08 Ft x 10.25 Ft | |
| Dining room | 5.25 Ft x 13.00 Ft | |
| Kitchen | 10.00 Ft x 13.00 Ft | |
| Living room | 9.33 Ft x 19.67 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
-0.61%
Cap rate
4.74%
GRM
13.9
Break-even rent
$12,214
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.
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 4, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.