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Airdrie · Single Family · under $725,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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262 Hillcrest Heights SW
Rare opportunity to own a move-in-ready home featuring a fully legal walk-up basement suite, City of Airdrie Compliance Certificate, and exceptional flexibility for homeowners, multigenerational families, or investors. Situated on a rare 52-foot-wide lot in the established community of Hillcrest, this McKee Homes-built property offers over 1,800 sq. ft. of thoughtfully designed living space, 4 bedrooms, and 3.5 bathrooms.The bright and inviting main floor features an open-concept layout designed for modern living, complete with quartz countertops, a stylish backsplash, upgraded appliances including a smart refrigerator and permitted gas range, central air conditioning, and an abundance of natural light throughout. The spacious kitchen flows seamlessly into the dining and living areas, creating an ideal space for both everyday living and entertaining.Upstairs, you’ll find a generous bonus room, convenient upper-level laundry, two well-sized secondary bedrooms, a full bathroom, and a spacious primary retreat featuring a walk-in closet and private ensuite.One of the property’s most valuable features is the fully legal walk-up basement suite with a separate entrance. The suite is currently vacant, allowing the new owner the flexibility to select their own tenant, accommodate extended family, or utilize the space according to their needs. The property is further supported by an updated Real Property Report and a City of Airdrie Compliance Certificate.Recent updates include new carpet and fresh paint touch-ups, making this home truly move-in ready. The double attached garage, central air conditioning, and quality craftsmanship from McKee Homes add to the long-term comfort and value of the property.Outside, the rare 52-foot frontage provides additional space, privacy, and separation from neighbouring homes—an increasingly difficult feature to find in many newer developments. Located in southwest Airdrie, residents enjoy convenient access to parks, pathways, schoo ls, shopping, and commuter routes to Calgary.Whether you’re looking for additional living space, mortgage-helping rental potential, or a well-maintained family home with long-term flexibility, 262 Hillcrest Heights SW offers a unique combination of location, functionality, and value. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 11.58 Ft x 10.58 Ft | |
| Recreational, Games room | 15.50 Ft x 16.92 Ft | |
| Bedroom | 9.92 Ft x 15.92 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 8.67 Ft x 12.33 Ft | |
| Living room | 15.42 Ft x 14.67 Ft | |
| Kitchen | 8.75 Ft x 12.33 Ft | |
| Other | 6.33 Ft x 6.50 Ft | |
| 2pc Bathroom | — | |
| Foyer | 6.08 Ft x 5.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.92 Ft x 15.08 Ft | |
| Bedroom | 9.58 Ft x 11.58 Ft | |
| Bonus Room | 16.33 Ft x 19.00 Ft | |
| 4pc Bathroom | — | |
| Other | 4.67 Ft x 13.58 Ft | |
| Primary Bedroom | 17.25 Ft x 11.92 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 6.00 Ft x 7.25 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
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,023
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 Jul 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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