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248 Templevale Road NE
Beds
4
Baths
2
Sqft
1,029
Year
1979
Type
Single Family
On market
10d
Welcome to this charming and beautifully maintained 4-bedroom, 2-bathroom bungalow, offering a perfect blend of comfort, style, and functionality.The main floor features rich walnut hardwood throughout, complemented by real wood blinds, creating a warm and inviting atmosphere. The bright and spacious living room is anchored by a cozy wood-burning fireplace with convenient gas start—perfect for relaxing evenings. The upgraded kitchen is both stylish and practical, complete with cherry wood cabinetry featuring under-cabinet lighting and 8 deep pot drawers, stainless steel appliances, a gas stove, a premium Miele dishwasher, and a high-end Ancona range hood. Pot lighting enhances the living room and kitchen areas, while custom shelving adds both character and convenience. You’ll also appreciate the ease of main floor laundry.This home has been thoughtfully updated with blown-in insulation to modern standards, along with a newer roof on both the house and garage, plus furnace, and hot water tank are just 2 years old. Central air conditioning system is 5 years old. A Vacu-Flo system with hose, powerhead, and hardwood attachment is also included, along with convenient keyless entry for both the house and garage.Downstairs, you’ll find a fully finished, brand-new basement featuring durable vinyl flooring, a spacious family room, and two large bedrooms—one complete with a full ensuite bathroom and walk-in shower. Large windows bring in plenty of natural light, and the layout offers excellent potential for an easy conversion into a revenue-generating suite subject to approval and permitting by the City of Calgary, with additional washer and dryer hookups already in place. Step outside to enjoy the fully equipped yard, featuring an oversized double garage, a paved back alley, a new fence and two decks (one with a hard-top gazebo), a storage shed, low-maintenance artificial turf, a raised garden bed, and an attached garden bed off the main deck. The backyard also includes ga s hookups for a BBQ, with the BBQ included in the sale—perfect for effortless outdoor entertaining. Short possession is available, making this move-in-ready home an excellent opportunity for buyers looking for flexibility and convenience. Ideal for families, investors, or anyone seeking a turnkey property. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 12.67 Ft x 12.17 Ft | |
| Bedroom | 14.83 Ft x 11.33 Ft | |
| Recreational, Games room | 16.67 Ft x 14.75 Ft | |
| Furnace | 14.67 Ft x 14.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.92 Ft x 12.25 Ft | |
| Dining room | 8.92 Ft x 5.83 Ft | |
| Kitchen | 13.50 Ft x 11.75 Ft | |
| Laundry room | 7.00 Ft x 8.83 Ft | |
| Living room | 17.42 Ft x 13.17 Ft | |
| Primary Bedroom | 10.92 Ft x 12.33 Ft | |
| 4pc Bathroom | .00 Ft x .00 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
-1.17%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,723
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 8, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.