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Legal suite

$909,900

293 Homestead Terrace NE

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Beds

7

Baths

5

Sqft

Year

2024

Type

Single Family

Suite

Legal suite

Location nearby

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.

About this home

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)

Subtype
Single Family
Structure
House
Community
Homestead
Common interest
Freehold
Living area
2,325 square feet
Lot size
354 square meters
Lot dimensions
354.00
Bedrooms
5 above grade, 2 below grade
Parking
4 total
Stories
2
Fireplace
1
On market
Apr 15, 2026
Status changed
Apr 30, 2026
Annual tax
$5,210 (2025)
Zoning
R-G
Photos
50
MLS#
A2300635
Area
CALGARY_NE

Features and systems

Parking

Attached Garage

Basement

FinishedFullSeparate entrance

Appliances

WasherRefrigeratorDishwasherDryerMicrowaveHood Fan

Heating

Forced air

Cooling

Partially air conditioned

Exterior

Vinyl siding

Flooring

TileCarpetedVinyl Plank

Foundation

Poured Concrete

Lot

Closet OrganizersNo Animal HomeNo Smoking HomeGas BBQ Hookup
Negative cash flow ~$145/mo at these assumptions

Cash on cash

-0.96%

Cap rate

4.67%

GRM

13.9

Break-even rent

$5,603

Financing

Down payment$181,980
Loan amount$727,920
Mortgage$3,688/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$417
Insurance$80
Maintenance$758
CapEx reserve$379
Vacancy loss$273

Estimates 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.

Location nearby

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.

Mortgage estimate

Estimated $3,688/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.

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