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243 Silvergrove Place NW
Beds
3
Baths
4 full + 1 half
Sqft
2,071
Year
1980
Type
Single Family
On market
0d
If you value space, privacy and mature trees, let your imagination run wild with the possibilities of this 17,000 square foot lot! Yes, that's right - nearly THREE TIMES as large as an average lot in Silver Springs! You could add a sport court, huge urban garden, hockey rink in the winter, garden suite, trampoline, play structure or just enjoy the space and park-like setting for pets & kids to run around. A rarity anywhere in the city, especially for under $1M, this 0.4 acre, pie-shaped parcel provides a whole lot of what they don't make any more - land! Silver Springs is a quiet, safe community with schools, shopping & transit nearby. Proximity to the Bow River ravine network is a treat and the easy access west to the mountains makes your weekend plans a breeze! Inside this home, you will find space for the whole family with both a living & family room on the main floor, large eat-in kitchen, dining room, main floor den, powder room and laundry/mud room. The upper level has an oversized primary suite overlooking the lush yard with balcony, full ensuite & walk-in closet. Two additional bedrooms (one converted to dressing room) and full bath. Downstairs, a huge entertaining area is great for hosting family and friends with a bar and a built-in hot tub! Separated den/guest area (no window) could be great for a home office or add a window to create a 4th bedroom as there is already a full bath on lower level. Massive storage room is what every parent dreams of! Enjoy the included ride-on mower, conveniently parked in the oversized shed for all of your tools and gardening needs. Attached double garage is oversized for additional storage, bikes & gear. Newer Hardie siding & shingles within the past 10 years. Make this home your dream home on an unbelievable parcel of land in desirable Silver Springs! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Den | 11.67 Ft x 14.08 Ft | |
| Recreational, Games room | 27.83 Ft x 20.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 12.83 Ft x 11.17 Ft | |
| Family room | 12.08 Ft x 16.75 Ft | |
| Kitchen | 13.83 Ft x 14.67 Ft | |
| Living room | 16.58 Ft x 15.75 Ft | |
| Office | 10.08 Ft x 8.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 11.08 Ft x 11.00 Ft | |
| Bedroom | 12.42 Ft x 10.08 Ft | |
| Primary Bedroom | 12.58 Ft x 16.08 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
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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
-0.89%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,694
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.
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 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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