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260 Erin Woods Drive SE
Beds
6
Baths
3
Sqft
1,452
Year
1990
Type
Single Family
On market
16d
Exceptional opportunity to own a versatile, income-generating property with a legal basement suite in this well-maintained RC-2 zoned bi-level. Whether you're an investor looking for strong rental potential, a multi-generational family needing flexible living space, or a homeowner hoping to offset your mortgage with supplemental income, this property offers outstanding value and endless possibilities.With over 1,400 sq ft above grade and 6 bedrooms in total, this is a rare find that offers both scale and flexibility. Live in the spacious upper level and rent the legal lower suite, or maximize revenue by leasing both fully self-contained units.Designed with privacy and practicality in mind, the home features separate secure entrances, individual laundry for each level, and central air conditioning for year-round comfort.The main floor is bright, spacious, and thoughtfully laid out with an open-concept design ideal for both daily living and entertaining. Laminate flooring throughout the main living areas creates a warm, cohesive feel, while the functional kitchen offers ample cabinetry and workspace, seamlessly connecting to the living and dining spaces. The upper level includes 3 generously sized bedrooms and 2 full bathrooms, highlighted by a spacious primary retreat with a walk-in closet and private ensuite. Ceiling fans throughout complement the air conditioning for added comfort.The legal lower suite is equally inviting, thanks to large above-grade windows that flood the space with natural light, spacious bedrooms, laminate flooring, and additional storage—creating a comfortable living environment that appeals strongly to tenants, extended family, or guests.This is a true turnkey property, with major recent updates already completed for peace of mind, including a new fence (2024), hot water tank (2025), furnace (2026), and new washers in both suites (2026).With its income potential, flexible layout, desirable zoning, and move-in-ready condition, this proper ty represents a smart purchase in today’s market—whether you're buying for lifestyle, investment, or a combination of both. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.58 Ft x 10.75 Ft | |
| Bedroom | 12.00 Ft x 10.25 Ft | |
| Bedroom | 8.92 Ft x 11.08 Ft | |
| Bedroom | 11.42 Ft x 10.75 Ft | |
| Kitchen | 13.00 Ft x 10.75 Ft | |
| Recreational, Games room | 20.92 Ft x 15.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 10.92 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.67 Ft | |
| Bedroom | 10.50 Ft x 11.08 Ft | |
| Bedroom | 13.58 Ft x 10.75 Ft | |
| Dining room | 11.33 Ft x 14.92 Ft | |
| Kitchen | 11.58 Ft x 11.17 Ft | |
| Living room | 12.17 Ft x 17.08 Ft | |
| Primary Bedroom | 11.25 Ft x 17.08 Ft | |
| Other | 5.67 Ft x 8.67 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
-0.63%
Cap rate
4.74%
GRM
13.6
Break-even rent
$3,359
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 May 25, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.