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2440 31 Avenue SW
Beds
4
Baths
4 full + 1 half
Sqft
2,153
Year
2024
Type
Single Family
On market
2d
Welcome to your dream home in Richmond, Calgary! This beautifully designed detached residence offers a perfect blend of modern elegance and cozy charm. With its spacious layout, this home is ideal for both family living and entertaining.Enjoy an open-concept main floor with large windows that flood the space with natural light, highlighting the stylish finishes and hardwood flooring. The chef-inspired kitchen features high-end stainless steel appliances, granite countertops, and a large island, perfect for casual dining and entertaining guests. The upper level boasts three generous bedrooms, including a master suite with a walk-in closet and a spa-like ensuite bathroom, complete with a soaking tub and separate steam shower. The lower level includes a large bedroom and full bathroom, a spacious gym and cozy living space complete with built-ins and dry bar. Step outside to your private backyard retreat, featuring a beautifully landscaped yard, patio area, and plenty of space for children to play and for summer gatherings. The home is situated in the family-friendly community of Richmond, surrounded by top-rated schools, parks, shopping, and public transit, making it a perfect location for families and professionals alike.Don’t miss the opportunity to own this exquisite home in one of Calgary’s most sought-after neighborhoods. Schedule your private viewing today! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.50 Ft x 15.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.83 Ft x 5.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.33 Ft x 17.00 Ft | |
| Bedroom | 10.17 Ft x 14.17 Ft | |
| Bedroom | 10.17 Ft x 14.00 Ft | |
| 5pc Bathroom | 10.17 Ft x 12.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.33 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
-0.68%
Cap rate
4.73%
GRM
13.9
Break-even rent
$8,872
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.