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292 Taracove Estate Drive NE
Beds
7
Baths
5
Sqft
2,501
Year
2003
Type
Single Family
On market
81d
Stunning Walkout Home with Legal Suite | 7 Bedrooms | Backing onto Pond | Over 3,500 Sq Ft of Living SpaceThis exceptional multi-generational home offers 2,501 sq ft above grade plus a fully developed walkout basement with a legal suite, providing both space and income potential.The main floor features a bright and spacious layout with a large kitchen equipped with new stainless steel appliances, a corner pantry, powerful hood fan, oversized island, and a sunny breakfast nook with direct access to the deck overlooking a serene pond. Enjoy an impressive open-to-below living room, formal dining area, and a cozy family room with fireplace. A main floor bedroom and full bathroom add convenience and flexibility.Upstairs, you’ll find 4 generously sized bedrooms plus a den. The home boasts 2 primary (master) bedrooms, both with Jacuzzi tubs and beautiful pond views. The main primary suite includes a luxurious 5-piece ensuite. In total, there are 3 full bathrooms on the upper level.The walkout basement features a legal 2-bedroom suite with a separate entrance and private laundry, currently generating $1,500/month in rental income, with potential for a third bedroom. The rental income from the legal basement could be used for the mortgage approval as well as a mortgage helper for paying off the mortgage.Recent upgrades include a full replacement of the gutter and eavestrough, a new roof with Class 4 hail-resistant shingles, and a brand-new laundry machine in the basement suite. All the reported hail damage has been repaired with a 10-year workmanship warranty.Double attached garage, Large, fully fenced backyard, Backing directly on a peaceful pond, Close to schools, .and the Genesis CentreThis is a rare opportunity to own a spacious, income-generating home in a highly desirable location. A must-see! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.92 Ft x 12.33 Ft | |
| Living room | 12.67 Ft x 16.67 Ft | |
| Other | 11.67 Ft x 18.67 Ft | |
| Bedroom | 9.67 Ft x 12.92 Ft | |
| Bedroom | 9.67 Ft x 9.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.67 Ft x 12.92 Ft | |
| Dining room | 9.92 Ft x 14.17 Ft | |
| Living room | 12.17 Ft x 12.33 Ft | |
| Family room | 12.67 Ft x 13.50 Ft | |
| Laundry room | 5.92 Ft x 8.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.92 Ft | |
| Bedroom | 9.58 Ft x 10.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Den | 6.50 Ft x 12.33 Ft | |
| Primary Bedroom | 13.67 Ft x 15.92 Ft | |
| Bedroom | 8.42 Ft x 12.25 Ft | |
| Primary Bedroom | 13.50 Ft x 13.67 Ft | |
| Bedroom | 92.00 Ft x 11.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.25 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.75 Ft | |
| 5pc Bathroom | 7.17 Ft x 13.25 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
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,391
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 27, 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.