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316 Canniff Place SW
Tucked into a quiet cul-de-sac in Canyon Meadows, this home is the total package. You're minutes from schools, parks, pathways, and all the amenities you need, but the street stays calm and private. Walk in and you feel it immediately, this home just has a presence. The entrance welcomes you setting the tone for everything that follows. The kitchen is the heart of it all, with stone countertops, stainless steel appliances, a gas range, and an espresso machine that stays. It flows seamlessly into the dining area, making it equally at home for a dinner party or a relaxed Tuesday night with the family. The main floor living room is the kind of space you actually want to spend time in, beautiful hardwood floors, tons of natural light, and a wood burning fireplace that earns its keep on a cold Calgary evening. Three bedrooms and a full bathroom round out the main level, including a primary suite with a walk-in closet and private half ensuite bath.Downstairs is where it gets really fun. The fully developed lower level has a great vibe, with a second fireplace, a wet bar, and a family room that was genuinely made for entertaining. Two more bedrooms offer flexibility for guests, teenagers, or home office setups. And the basement bathroom? In-floor heating and a full steam shower. Spa level. On a cold morning, you will thank yourself for buying this home. The backyard is a sunny retreat designed to be enjoyed. A two-tiered composite deck with a pergola, a firepit area, a greenhouse, a cedar shed, and fresh new landscaping throughout, This outdoor space is relaxing, functional, and seriously impressive. The backyard guest house takes it over the top. Use it as a home office, gym, studio, or guest suite. Whatever your life needs, it delivers. Throughout the years the practical stuff has been taken care of. Roof, updated electrical panel, furnace, brand new hot water tank (2026), central vac. This home checks every box, location, space, upgrades, and that backyard studio. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.42 Ft x 12.17 Ft | |
| Bedroom | 10.42 Ft x 12.08 Ft | |
| Laundry room | 12.83 Ft x 5.17 Ft | |
| Recreational, Games room | 12.92 Ft x 24.58 Ft | |
| Other | 7.33 Ft x 6.67 Ft | |
| 3pc Bathroom | 9.67 Ft x 8.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 8.42 Ft x 12.00 Ft | |
| Kitchen | 10.67 Ft x 11.83 Ft | |
| Living room | 12.83 Ft x 15.50 Ft | |
| Primary Bedroom | 13.00 Ft x 12.00 Ft | |
| Bedroom | 8.00 Ft x 11.83 Ft | |
| Bedroom | 8.00 Ft x 11.75 Ft | |
| 2pc Bathroom | 5.25 Ft x 4.92 Ft | |
| 4pc Bathroom | 7.83 Ft x 6.58 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
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,329
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 15, 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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