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517 Redwood CRESCENT
Beds
4
Baths
3
Sqft
1,148
Year
2013
Type
Single Family
On market
21d
Lower your expenses with this exceptional revenue property in a prime Warman location—just steps from a beautiful man-made lake, parks, walking paths, and close to schools. This 1,148 sq.ft. bi-level home offers 4 bedrooms, 3 bathrooms, a heated double attached garage, and a full basement with separate entry featuring a legal 2-bedroom suite—perfect for generating income. The main floor boasts an open-concept layout with a bright living room and a spacious kitchen overlooking the dining area. Enjoy stainless steel appliances, a glass tile backsplash, a large island with sit-up bar, and ample cabinetry. This level also includes a 4-piece bathroom, convenient laundry, and 2 bedrooms—highlighted by a primary suite with a walk-in closet and 3-piece ensuite. The basement suite is thoughtfully designed with large windows for plenty of natural light, a spacious living room with attached speakers, a full kitchen with island and stainless-steel appliances, its own laundry, a 4-piece bathroom, and 2 generously sized bedrooms. The smaller bedroom has a murphy bed included. Outside, the fully fenced backyard features a deck with storage underneath, a patio area, and a large shed—ideal for both owners and tenants. Additional highlights include central air conditioning, a water softener, all appliances (up & down), and window coverings. The furnace, A/C, and water softener are newer with contracts through Reliance and will be fully paid out prior to possession by the seller. The driveway also comes with a transferable warranty and has been fully resurfaced by Shercom, including the extension and walkway. Don't Wait! Call today to view. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12'6 x 11'5 | |
| Kitchen | 14'10 x 12'4 | |
| 4pc Bathroom | 7'10 x 4'11 | |
| Bedroom | 10'1 x 14'5 | |
| Bedroom | 10'1 x 9'7 | |
| Dining room | 6'9 x 11'9 | |
| Foyer | 10'7 x 7'3 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6'10 x 6'6 | |
| Kitchen | 11'3 | |
| Living room | 12'7 x 11'10 | |
| Dining room | 11'3 x 11'4 | |
| Bedroom | 12'3 x 21'2 | |
| Bedroom | 8'7 x 8'9 | |
| 4pc Bathroom | 6'5 x 8'6 | |
| 3pc Ensuite bath | 4'11 x 8'2 | |
| Laundry room | 6'8 x 5'5 |
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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,414
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 29, 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 Warman. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.