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307 Cornwall Drive
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Beds
5
Baths
3 full + 1 half
Sqft
1,302
Year
1979
Type
Single Family
On market
25d
Welcome to this charming and fully developed bi-level home perfectly situated across from the Birchwood Trails, offering direct access to scenic walking paths, nature, and outdoor recreation right outside your front door. With an attached double heated garage, large driveway, central air conditioning, and a fully fenced backyard, this property combines comfort, functionality, and an unbeatable location. Step inside to a bright and inviting main level featuring an open-concept layout designed for everyday living and entertaining. The spacious living room is filled with natural light and flows seamlessly into the dining area and kitchen. The kitchen is equipped with stainless steel appliances, ample cabinetry, and convenient access to the back deck - ideal for summer BBQs and relaxing evenings overlooking the private backyard. The main floor offers 3 generously sized bedrooms, including the primary retreat complete with hardwood flooring and a convenient 2-piece ensuite. An updated 4-piece bathroom completes this level. The fully finished basement features a well-laid-out 2-bedroom, 1 bathroom illegal suite with its own full kitchen, open living and dining area, and a corner gas stove that adds warmth and character to the space. Whether used as a investment opportunity, guest accommodation, space for extended family, or simply additional living space for your own needs, the lower level offers incredible flexibility. Shared laundry is easily accessible between the two floors. Located close to schools, parks, shopping, transit, and all amenities, this beautiful family home offers immediate possession and exceptional value in a highly desirable neighbourhood. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.17 Ft x 12.25 Ft | |
| Bedroom | 13.17 Ft x 12.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.17 Ft x 8.83 Ft | |
| Bedroom | 9.25 Ft x 9.58 Ft | |
| Primary Bedroom | 12.83 Ft x 13.83 Ft | |
| 2pc Bathroom | 5.25 Ft x 7.33 Ft | |
| 4pc Bathroom | 6.67 Ft x 7.33 Ft | |
| 3pc Bathroom | 10.00 Ft x 8.50 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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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 Jun 2, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.