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2508 Morley Trail NW
Fantastic opportunity in the highly desirable community of Banff Trail! Set on a generous 50’ x 120’ R-CG lot just minutes from the University, this property offers incredible potential for homeowners, investors, or future redevelopment. Former AirBnB home with permits approved! This home will generate desirable income and easier for mortgage approval. The main floor features a bright, welcoming layout with plenty of natural light, complemented by hardwood flooring, modern knockdown ceilings, and stylish pot lighting throughout. The kitchen has been thoughtfully updated with granite countertops, custom stainless steel appliances, a gas cooktop, and built-in oven—perfect for both daily living and entertaining. Large windows and well-appointed bathrooms with custom showers and sleek 10mm glass add to the home’s overall appeal.The fully developed basement with seperate entrance provides additional living space with its own kitchen, three spacious bedrooms with larger windows, a full bath and a versatile living room area. Outside, you’ll notice the eye-catching cedar exterior with stone accents, along with an oversized detached garage offering ample parking and storage. Conveniently located near the University, McMahon Stadium, transit, LRT, and a wide range of shopping and amenities.A solid property in a prime inner-city location with plenty of upside. With its generous lot dimensions and desirable zoning, it’s an ideal site for infill or multi-unit redevelopment in a location that continues to see strong demand. Book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 9.33 Ft x 12.58 Ft | |
| Family room | 15.42 Ft x 12.17 Ft | |
| Other | 8.58 Ft x 10.83 Ft | |
| 3pc Bathroom | 8.25 Ft x 6.83 Ft | |
| Bedroom | 8.83 Ft x 11.75 Ft | |
| Bedroom | 8.75 Ft x 12.33 Ft | |
| Bedroom | 12.08 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.50 Ft x 13.50 Ft | |
| Primary Bedroom | 12.33 Ft x 11.58 Ft | |
| 3pc Bathroom | 8.25 Ft x 6.42 Ft | |
| Bedroom | 8.92 Ft x 12.67 Ft | |
| Living room | 18.58 Ft x 13.08 Ft | |
| Dining room | 9.33 Ft x 12.67 Ft | |
| Other | 13.92 Ft x 12.67 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
-0.82%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,658
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 29, 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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