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265 Saddlelake Drive NE
Beds
7
Baths
6 full + 1 half
Sqft
2,901
Year
2013
Type
Single Family
On market
14d
Welcome to this exceptional luxury estate in the prestigious community of Saddlelake NE, offering over 4,000 sq. ft. of developed living space, including a fully finished legal basement suite with a private separate entrance. Backing onto a paved alley and green space, this remarkable home showcases upscale finishes, thoughtful design, premium upgrades, and excellent mortgage-helper potential — ideal for large or multi-generational families seeking luxury, comfort, and functionality. From the moment you enter, you are welcomed by an elegant foyer, soaring open-to-below design, upgraded lighting, and a bright open-concept layout crafted for entertaining and everyday living. The spacious main floor features a large living area, formal dining space, office/flex room, full bathroom, and multiple storage areas. The entire living room flooring has been upgraded to premium vinyl flooring, creating a warm and luxurious ambiance. Built-in speaker systems throughout the main and upper floors further enhance the home with a premium entertainment feel. The chef-inspired kitchen is beautifully designed with a massive upgraded island featuring a built-in chiller, gas cooktop, concealed built-in oven and microwave, custom cabinetry, extensive storage, premium finishes, and a spacious walk-in pantry — perfect for family gatherings and entertaining guests. Step outside to the rear deck featuring a gas line for BBQ setup and permanent exterior festoon lighting that enhances curb appeal year-round. The backyard offers added privacy with paved rear alley access and open green space behind the home. The upper level is thoughtfully designed for luxury family living. The grand primary retreat features a private walkout balcony, spacious walk-in closet, and spa-inspired 5-piece ensuite with dual sinks and an oversized standing shower. Two additional generously sized bedrooms offer walk-in closets, while another large bedroom includes an attached closet. A spacious shared 5-piece bathroom, expansive bonus/living area, and a well-appointed laundry room with utility sink and built-in cabinetry complete the upper floor. The fully developed legal basement suite offers excellent income potential and includes a spacious living area, modern kitchen, dedicated laundry room, one bedroom with attached full bathroom and walk-in closet, an additional bedroom with built-in closet, a common half bathroom, two separate furnace rooms, and concealed storage space. Additional highlights include a double attached garage, upgraded lighting, extensive storage, premium finishes, built-in audio system, and a prime location close to schools, shopping, parks, playgrounds, public transit, and major amenities. The entire roofing and siding were replaced in 2025, along with the hot water tank updated in 2020. This is a rare opportunity to own a meticulously upgraded luxury family home in one of NE Calgary’s most desirable communities — where elegance meets comfort. Move-in ready and elegant. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 4.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 10.00 Ft | |
| Bedroom | 10.50 Ft x 15.50 Ft | |
| Bedroom | 10.50 Ft x 10.00 Ft | |
| Furnace | 8.25 Ft x 14.50 Ft | |
| Furnace | 3.25 Ft x 6.17 Ft | |
| Laundry room | 5.50 Ft x 6.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.00 Ft x 10.00 Ft | |
| 4pc Bathroom | 7.75 Ft x 4.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.83 Ft x 16.17 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.25 Ft | |
| 4pc Bathroom | 8.17 Ft x 4.92 Ft | |
| 5pc Bathroom | 10.75 Ft x 10.58 Ft | |
| Bedroom | 10.08 Ft x 12.42 Ft | |
| Bedroom | 9.83 Ft x 10.08 Ft | |
| Laundry room | 5.25 Ft x 9.92 Ft | |
| Primary Bedroom | 14.83 Ft x 16.17 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
-0.88%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,719
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.
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.