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Calgary · Single Family · under $1,000,000 · 6+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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293 Homestead Terrace NE
Beautifully finished showhome offering 2,325 sq. ft. above grade plus a fully developed 2-bedroom legal basement suite, providing exceptional flexibility for large or multi-generational families. Featuring 7 bedrooms and 5 bathrooms, this thoughtfully designed home blends modern finishes, functional living space, and investment potential in the growing community of Homestead. This property features a leaseback opportunity, allowing the builder to lease the home from the purchaser for approximately two years at 6% of the purchase price, providing reliable rental income while the builder maintains the property in showhome condition. Immediate possession is available, with key release anticipated early to mid-2027.The main floor showcases engineered hardwood flooring and an open-concept layout designed for everyday living and entertaining. The kitchen features 1-¼” quartz countertops, two-tone cabinetry extended to the ceiling, and an upgraded chimney hood fan with built-in microwave. A fully equipped spice kitchen with gas range offers additional functionality, ideal for preparing meals while keeping the main kitchen organized. The living room is highlighted by a modern electric fireplace, creating a warm and inviting focal point. A main floor bedroom with full bathroom offers excellent flexibility for guests or extended family, while the flex room provides space for a home office or additional sitting area.Upstairs, the home offers 5 bedrooms above grade, including dual primary suites, making it ideal for growing families. The main primary retreat features a spacious walk-in closet and a beautifully appointed ensuite with double vanity and soaking tub. Secondary bedrooms are generously sized, and the central loft/bonus room provides valuable additional living space. Tile flooring enhances the upper bathrooms and laundry room, while plush carpet adds comfort throughout the bedrooms and upper floor.The 2-bedroom legal basement suite includes a separate entrance, full kitchen, living area, bathroom, and dedicated laundry, offering excellent potential for rental income or private living space for extended family.Additional highlights include central air conditioning, front yard landscaping, lino flooring in basement kitchen and bath areas, and a 21’ x 20’ double attached garage with man door. The 12’ x 10’ rear deck with steps to grade provides an ideal outdoor space for relaxing or entertaining.Located close to parks, playgrounds, walking paths, and future amenities, this home offers both comfort and convenience. With premium upgrades, a legal suite, and leaseback income potential, 293 Homestead Terrace NE presents a unique opportunity to own a professionally finished showhome designed for modern living. *All furniture, window coverings and appliances are included. Excluded: the art/decor and sonos sound system. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.92 Ft x 10.92 Ft | |
| Living room | 11.67 Ft x 10.92 Ft | |
| Bedroom | 10.83 Ft x 9.17 Ft | |
| Bedroom | 9.33 Ft x 9.75 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.33 Ft | |
| Laundry room | 3.42 Ft x 3.42 Ft | |
| Furnace | 10.25 Ft x 10.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.50 Ft x 11.83 Ft | |
| Dining room | 9.00 Ft x 11.08 Ft | |
| Living room | 13.83 Ft x 12.00 Ft | |
| Bedroom | 10.42 Ft x 11.33 Ft | |
| 4pc Bathroom | 8.83 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.08 Ft x 12.75 Ft | |
| Other | 5.67 Ft x 10.00 Ft | |
| 5pc Bathroom | 12.08 Ft x 10.00 Ft | |
| Bedroom | 12.00 Ft x 12.00 Ft | |
| Other | 4.67 Ft x 5.00 Ft | |
| 4pc Bathroom | 8.33 Ft x 4.92 Ft | |
| Bedroom | 10.00 Ft x 10.00 Ft | |
| Bedroom | 9.75 Ft x 10.00 Ft | |
| Loft | 12.00 Ft x 12.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.92 Ft | |
| Laundry room | 5.33 Ft x 3.42 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
-0.96%
Cap rate
4.67%
GRM
13.9
Break-even rent
$5,603
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 Apr 30, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Al-Hedaya Islamic Centre
1.6 km away
Al Madinah Islamic Centre
2.1 km away
Hazrat Bilal Islamic Center
2.3 km away
3.9 km away
6.2 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
6.4 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
9.6 km away
10.3 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
3.5 km away
Amir Halal Meats & Grocery
9.6 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.