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Reduced $20,000 (3%) from $619,000
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248 Taracove Road NE
Beds
6
Baths
4 full + 1 half
Sqft
1,428
Year
2003
Type
Single Family
On market
48d
(Open house - Sat & Sun May 9/10 1:00pm - 6:00 pm) Welcome to this beautifully maintained 2-storey home in the desirable community of Taradale! Offering 1400+ sq. ft. of total developed space, this home features a fully LEGAL suite basement with 2-bedroom with separate side entrance—ideal for rental income or multi-generational living. The main floor boasts 9-ft ceilings, an open-concept layout, modern kitchen with granite countertops, elegant cabinetry, large pantry, functional workstation, and a 2-piece bath with a full bedroom. Upstairs features a spacious primary suite with walk-in closet and ensuite, plus 2 more bedrooms and another full bath. The legal basement suite includes 2 bedrooms, a full bathroom, kitchen, and family room—offering excellent flexibility and value. Enjoy the zero-maintenance backyard with large deck, storage shed, and oversized double detached garage. Recent upgrades: new roof, siding, and gutters and soffit fascia . Prime location close to schools, parks, shopping, transit, Stoney Trail & Calgary International Airport. Move-in ready with income potential—book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.75 Ft x 8.08 Ft | |
| Bedroom | 10.92 Ft x 8.17 Ft | |
| Bonus Room | 9.67 Ft x 8.17 Ft | |
| Kitchen | 9.50 Ft x 8.25 Ft | |
| Bedroom | 13.00 Ft x 8.25 Ft | |
| Furnace | 12.83 Ft x 8.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.00 Ft | |
| Bedroom | 8.92 Ft x 8.67 Ft | |
| Dining room | 16.33 Ft x 8.75 Ft | |
| Kitchen | 11.50 Ft x 9.75 Ft | |
| Living room | 11.75 Ft x 8.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.50 Ft x 5.67 Ft | |
| 4pc Bathroom | 7.33 Ft x 8.00 Ft | |
| Bedroom | 11.08 Ft x 8.42 Ft | |
| Bedroom | 10.92 Ft x 8.42 Ft | |
| Den | 5.25 Ft x 9.08 Ft | |
| Primary Bedroom | 12.58 Ft x 11.92 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
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,717
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 9, 2026.
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