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Reduced $5,000 (1%) from $815,000
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3003 25 Street SW
Welcome to an ideal inner city home with built in income potential in the heart of Richmond. This move in ready bungalow with a legal, registered basement suite is perfectly suited for buyers looking for a smart mortgage helper, long term rental hold, or flexible short term rental strategy like AirBnb. This is also a great lot to build a luxury home on, with city approvals. So much potential with this inner city home!Set on a generous corner lot in one of Calgary’s most walkable and desirable communities, this property offers immediate cash flow without sacrificing lifestyle or location. Live upstairs while the legal suite helps offset your mortgage, or rent both levels and hold confidently in a proven inner city neighborhood with strong long term demand.The main level features two spacious bedrooms, warm hardwood flooring, a cozy fireplace, a bright four piece bathroom, and both living and family room spaces that make the home feel welcoming and functional. There is also a spacious office space that could be converted to a third bedroom if desired. The kitchen is filled with natural light thanks to large corner windows and includes a comfortable eating area, perfect for everyday living.The lower level is a fully legal one bedroom suite with a large living area, full bathroom, and a newly renovated kitchen with vinyl plank flooring and ample storage. Shared laundry is conveniently located, along with plenty of additional storage space. Major updates include a newer furnace and roof, both completed in 2021, and updated deck and patio spaces in 2023.Located just minutes from Marda Loop, Sandy Beach Park, downtown, Mount Royal University, and major commuter routes, this is a location that consistently attracts quality tenants and short term rental demand alike.Whether you are looking to reduce your monthly carrying costs, build a reliable rental portfolio, or secure a flexible income property in a blue chip inner city neighborhood, this home checks all the ri ght boxes. Come see how this property can work for you today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.92 Ft x 4.92 Ft | |
| Bedroom | 9.92 Ft x 9.33 Ft | |
| Kitchen | 17.58 Ft x 10.33 Ft | |
| Laundry room | 21.75 Ft x 10.42 Ft | |
| Recreational, Games room | 29.50 Ft x 11.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.83 Ft x 4.92 Ft | |
| Bedroom | 11.75 Ft x 9.75 Ft | |
| Dining room | 5.42 Ft x 8.67 Ft | |
| Kitchen | 10.17 Ft x 14.25 Ft | |
| Living room | 22.08 Ft x 12.58 Ft | |
| Office | 10.75 Ft x 11.00 Ft | |
| Primary Bedroom | 14.00 Ft x 12.67 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
-1.03%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,997
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 Jun 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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