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2411 51 Street NE
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Calgary · Single Family · under $700,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Attention investors and first-time home buyers! This is an excellent opportunity to own a cash-flowing property offering strong rental potential and long-term stability. Featuring 4 bedrooms and 3.5 bathrooms across 1,893 sq. ft. of thoughtfully designed living space, this property is ideal for investors seeking immediate income while also offering exceptional value for homeowners.Welcome to this bright and beautifully updated bi-level home in the established community of Rundle, known for its mature trees, family-friendly atmosphere, and convenient access to everyday amenities. The home offers a spacious and functional layout filled with natural light, highlighted by a beautifully renovated kitchen with modern finishes and stainless steel appliances, a generous living area, and numerous upgrades throughout.The fully finished basement is uniquely configured with two self-contained living spaces, each offering its own kitchen, bedroom, and bathroom, with laundry as well, providing excellent flexibility for extended family, guests, or additional rental income. Outside, you'll find a detached garage and a large backyard perfect for everyday enjoyment. Additional value comes from key mechanical updates and recent improvements, including a furnace and hot water tank replaced approximately 8 years ago, a garage furnace installed about 5 years ago, several windows replaced in 2019 and additional windows replaced in 2023, the side door replaced in 2025, an irrigation system and all existing window coverings included for added convenience.Situated on a quiet, tree-lined street just minutes from parks, schools, playgrounds, shopping, transit, and recreation amenities, this property combines comfort, space, investment potential, and convenience in a well-connected location.Don't miss this exceptional opportunity—schedule your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7.67 Ft x 10.67 Ft | |
| Kitchen | 10.83 Ft x 10.83 Ft | |
| Laundry room | 2.83 Ft x 3.92 Ft | |
| Furnace | 3.83 Ft x 7.50 Ft | |
| Bedroom | 12.75 Ft x 17.17 Ft | |
| Bedroom | 10.50 Ft x 13.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.17 Ft | |
| 4pc Bathroom | 7.17 Ft x 8.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 8.58 Ft x 9.33 Ft | |
| Dining room | 8.75 Ft x 8.75 Ft | |
| Living room | 14.33 Ft x 14.50 Ft | |
| Laundry room | 2.50 Ft x 5.08 Ft | |
| Other | 3.92 Ft x 8.92 Ft | |
| Primary Bedroom | 10.50 Ft x 12.92 Ft | |
| Bedroom | 9.92 Ft x 10.50 Ft | |
| 2pc Bathroom | 5.50 Ft x 7.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.50 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
-6.82%
Cap rate
3.50%
GRM
16.7
Break-even rent
$3,996
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 27, 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
1.9 km away
2.3 km away
3.1 km away
Al Madinah Islamic Centre
4.8 km away
Al-Hedaya Islamic Centre
5.6 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
1.8 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
3.7 km away
4.5 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
2.5 km away
Amir Halal Meats & Grocery
3.7 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.