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311 Wolf Creek Way SE
Beds
4
Baths
4 full + 1 half
Sqft
1,687
Year
2022
Type
Single Family
On market
96d
***Investment Alert*** This home is rented up and down for until March 2026 and could be positive cashflow depending on your situation. Located in the growing community of Wolf Willow, this home offers offering thoughtful design, modern finishes, and the added benefit of a legal 1-bedroom basement suite with a tenant already in place for the next year — a fantastic mortgage helper from day one.From the moment you walk in, the home feels bright and open. The main floor open layout was designed to create a comfortable flow between the living room, dining area, and kitchen. The kitchen is well appointed with quartz countertops, stainless steel appliances, generous cabinetry, and a large central island, making it a great space for both everyday living and entertaining.Upstairs you'll find a spacious primary bedroom with walk-in closet and private ensuite, along with two additional bedrooms, a full bathroom, and a bonus room perfect for family movie nights or a home office. The convenience of upstairs laundry completes the upper level.The developed legal basement suite offers one bedroom, a full kitchen, living area, and flex room. With a tenant secured for the next year, this suite provides reliable income that can significantly offset your monthly mortgage.Outside, the home sits on a deep lot with a west-facing backyard and no neighbours directly behind, offering a level of privacy that is increasingly rare in newer communities. A double detached garage and central air conditioning add to the comfort and practicality of the home.The location is another major highlight. Blue Devil Golf Course is just two minutes away, while Fish Creek Park and the Bow River pathway system are only five minutes from your door, offering incredible access to nature, walking, and cycling. There is also a large off-leash dog park just down the street, making this an ideal area for pet owners.Wolf Willow continues to grow with new shops, services, and everyday amenities developing just minutes away, making daily living easy while still enjoying the natural surroundings the community is known for.This is a rare opportunity to own a modern home with built-in income, strong future growth potential, and one of Calgary’s best access points to outdoor recreation. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Dining room | 8.83 Ft x 12.67 Ft | |
| Kitchen | 12.75 Ft x 13.00 Ft | |
| Living room | 19.50 Ft x 15.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 10.50 Ft x 9.25 Ft | |
| Bedroom | 12.92 Ft x 9.25 Ft | |
| Family room | 12.92 Ft x 12.83 Ft | |
| Primary Bedroom | 14.50 Ft x 10.58 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 10.00 Ft x 12.00 Ft | |
| Kitchen | 8.42 Ft x 8.83 Ft | |
| Laundry room | 9.92 Ft x 5.58 Ft | |
| Family room | 10.33 Ft x 14.33 Ft | |
| Other | 10.00 Ft x 9.00 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
-1.20%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,960
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 7, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.