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245249 Range Road 31A
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Beds
4
Baths
3 full + 1 half
Sqft
2,270
Year
1990
Type
Single Family
On market
0d
Prestigious Springbank acreage living on 4 beautifully maintained acres along the highly sought-after RR31A corridor. This exceptional property offers the perfect blend of country living, modern comfort, business capability, and long-term investment potential, all just minutes from Calgary, Cochrane, and the emerging Bingham Crossing commercial development. Beyond its immediate appeal, the property presents a compelling long-term investment opportunity. Subject to municipal and county approvals, the 4-acre parcel may offer potential for subdivision into two separate 2-acre parcels, creating future flexibility for redevelopment, multigenerational living or resale value enhancement.The extensively updated two-storey home offers 2,195 sq. ft. of bright, functional living space featuring 4 bedrooms, 2.5 bathrooms, and spacious living, dining, and family rooms designed for everyday comfort and entertaining. The renovated kitchen is filled with natural light and showcases quartz countertops and stainless steel appliances, creating a stylish and functional space for daily living. The home opens to a large rear deck overlooking the expansive yard, while a welcoming front deck provides additional outdoor living space. Upstairs, you'll find three generous bedrooms, including a spacious primary retreat, while the fully developed basement includes a fourth bedroom, additional living area, and in-floor heating for year-round comfort.Additional home features include a triple attached garage, air exchanger, central vacuum system, upgraded heating and ventilation systems, and a new water filtration system with water collection tanks.A standout feature of the property is the approximately 2,800 sq. ft. commercial-grade heated shop. Designed for trades, fabrication, automotive use, equipment storage, or a home-based business, the shop features ceilings exceeding 12 feet, 3-phase power with a 42 kW transformer, in-floor heating, oversized doors, excellent access, and a clean, ve rsatile layout. With strong rental demand in the area, the shop also offers outstanding income-generating potential.Located just 5 minutes from the new Bingham Crossing development and close to highly regarded Springbank schools, this property combines privacy, convenience, and future growth opportunities. Rarely does a property provide this combination of a renovated family home, triple attached garage, commercial-grade shop, acreage lifestyle, and future investment potential in one of Springbank's most desirable locations. An outstanding opportunity to enjoy today while investing in tomorrow. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 36.58 Ft x 15.75 Ft | |
| Bedroom | 16.92 Ft x 12.42 Ft | |
| Storage | 8.50 Ft x 12.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.00 Ft x 12.42 Ft | |
| Office | 9.17 Ft x 10.08 Ft | |
| Kitchen | 14.50 Ft x 18.42 Ft | |
| Living room | 12.00 Ft x 15.83 Ft | |
| Dining room | 10.17 Ft x 14.50 Ft | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.75 Ft x 13.58 Ft | |
| Bedroom | 15.17 Ft x 12.75 Ft | |
| Primary Bedroom | 12.17 Ft x 19.67 Ft | |
| 4pc Bathroom | — | |
| 5pc Bathroom | — |
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
-6.30%
Cap rate
3.60%
GRM
16.7
Break-even rent
$12,821
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 11, 2026.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Rocky View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.