1 / 25
Legal suite

$534,900

251 21st Avenue N

Save this home

Beds

3

Baths

2

Sqft

Year

1974

Type

Single Family

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cranbrook. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Experience the perfect balance of peace and practicality in this meticulously maintained home, situated at the end of a quiet cul-de-sac. This property stands out for its incredible location, offering a residential feel while remaining within walking distance of both the local Hospital and College. The main floor features a bright and functional layout with three spacious bedrooms and a full bathroom. Year-round comfort is guaranteed thanks to the high-efficiency furnace and central air conditioning, ensuring the home remains an inviting retreat regardless of the season. Providing exceptional value, the basement contains a fully legal suite, serving as a powerful mortgage helper or a private space for multi-generational living. The exterior is equally impressive, boasting a fully fenced yard and two storage sheds. Parking is never an issue here; the property offers a front driveway, additional rear parking, and a detached double garage accessed conveniently off the alley. Whether you are looking for a reliable investment or a family home that pays for itself, this property delivers on every front. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Cranbrook North
Common interest
Freehold
Living area
1,970 square feet
Lot size
0.16 acres
Lot dimensions
0.16
Parking
2 total
Stories
2
On market
Mar 16, 2026
Status changed
Apr 24, 2026
Annual tax
$4,351.16
Photos
25
MLS#
10379462
Area
CRANBROOK

Features and systems

Parking

Detached Garage

Basement

Full

Heating

Forced airSee remarks

Cooling

Central air conditioning
Negative cash flow ~$122/mo at these assumptions

Cash on cash

-1.37%

Cap rate

4.59%

GRM

13.9

Break-even rent

$3,328

Financing

Down payment$106,980
Loan amount$427,920
Mortgage$2,168/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$245
Insurance$80
Maintenance$446
CapEx reserve$223
Vacancy loss$160

Estimates 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.

Mortgage estimate

Estimated $2,168/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.