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3016 Cedar Ridge Drive SW
FULLY RENOVATED 5-BEDROOM BUNGALOW | OVER 2,100 SQ.FT. DEVELOPED | QUIET CEDARBRAE LOCATION | This beautifully renovated bungalow offers over 2,100 sq.ft. of developed living space, 5 bedrooms, 2.5 bathrooms, and a flexible layout designed for families and multi-generational living. Extensively updated throughout, this home combines modern finishes with the functionality and character of an established community. The bright main floor welcomes you with large windows, updated wide-plank luxury vinyl plank flooring, custom farmhouse-style trim, shaker-style doors, new lighting, and a warm, inviting living room anchored by a refinished wood-burning fireplace. The renovated kitchen features ceiling-height cabinetry, stainless steel appliances, abundant storage, and a spacious centre island that connects seamlessly to the dining area—creating an ideal space for both everyday living and entertaining. The main level offers three bedrooms, including a generous primary suite complete with a private 2-piece ensuite. The full main bathroom has been beautifully updated with tile-surround finishes and a deep soaker tub, providing a spa-like retreat at the end of the day. The fully developed lower level expands the home's versatility with two additional bedrooms, a full bathroom, a large recreation and living area, shared laundry, a second refinished wood-burning fireplace, and an existing basement suite configuration(illegal) complete with its own kitchen. Whether you're accommodating extended family, adult children or long-term guests this space provides exceptional flexibility. Beyond the cosmetic updates, significant mechanical and infrastructure improvements have already been completed, including a new 2-stage high-efficiency Trane furnace (2024), upgraded electrical panel, double-pane vinyl windows, Roxul sound insulation between levels, fibreglass exterior entry doors, and numerous additional renovations throughout. Outside, the large west-facing backyard offers plenty of room for children, pets, gardening, and outdoor entertaining. Rear lane access, a double parking pad, and a storage shed provide added convenience, while still leaving space for future garage development if desired. Situated on a quiet street in the heart of Cedarbrae, you'll enjoy walking-distance access to schools, parks, playgrounds, pathways, and transit. Southland Leisure Centre, Fish Creek Park, shopping amenities, Anderson Road, and Stoney Trail are all just minutes away. This Cedarbrae property offers exceptional value in one of Calgary's most established southwest communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 26.42 Ft x 13.08 Ft | |
| Kitchen | 8.42 Ft x 13.58 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 11.08 Ft x 11.00 Ft | |
| Bedroom | 11.08 Ft x 12.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 18.67 Ft x 13.50 Ft | |
| Dining room | 10.42 Ft x 9.83 Ft | |
| Kitchen | 10.67 Ft x 13.50 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 8.58 Ft x 10.00 Ft | |
| Bedroom | 9.08 Ft x 13.50 Ft | |
| Primary Bedroom | 12.42 Ft x 13.50 Ft | |
| 2pc Bathroom | .00 Ft x .00 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
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,178
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.
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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 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
9.0 km away
14.5 km away
Elementary
13.5 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
14.0 km away
Halal grocery
Amir Halal Meats & Grocery
14.0 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.