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Reduced $40,000 (5%) from $879,900
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35 Lucas Terrace NW
Beds
5
Baths
4 full + 1 half
Sqft
2,241
Year
2020
Type
Single Family
On market
55d
Huge Price Reduction!!! Exceptional Family Home with a Walkout Legal Suite and a Spice Kitchen in the Highly Sought-After Community of Livingston NW Calgary. Welcome to this beautifully designed and spacious home offering approximately 2,240 sq ft of above-grade living space, plus a fully developed 2-bedroom legal basement suite on a walkout lot—perfect for multi-generational living or generating rental income.Boasting a rare 26 ft wide footprint in this price range (most of its competitors are 24 ft wide), this property offers a noticeably wider, more open and comfortable layout, enhancing both everyday living and overall functionality.Ideally located in one of NW Calgary’s fastest-growing and family-friendly communities, this home combines modern comfort with everyday convenience—just minutes from parks, future schools, shopping plazas, major roadways, and the Livingston Hub.Step inside to an inviting and functional main floor featuring large windows that lets in an abundance of natural light throughout. The open-concept layout is perfect for both everyday living and entertaining, centered around a stylish kitchen with ample cabinetry, a convenient island, and quality finishes, seamlessly connecting to the dining area and spacious living room. A versatile main floor flex room offers the perfect space for a home office, study, or additional guest area—ideal for today’s flexible lifestyles.Upstairs, you’ll find three well-proportioned bedrooms, including a comfortable primary retreat complete with a walk-in closet and private ensuite. Two additional good-sized bedrooms provide ample space for family members or guests, complemented by a versatile bonus room and convenient upper-level laundry for added functionality.Step out onto the elevated deck and take in beautiful mountain views—a rare and highly desirable feature that adds to the home’s appeal and creates the perfect setting for relaxing or entertaining.The fully developed walkout basement legal suit e is a standout feature, offering:2 spacious bedroomsA full kitchenSeparate living areaPrivate entrance—making it ideal for tenants, extended family, or additional mortgage support.Enjoy the added value of a large, fenced west facing backyard, perfect for relaxing or entertaining, with plenty of outdoor space to enjoy Calgary’s summer months with your pets. This property offers the perfect blend of modern living, income potential, and long-term value in a thriving community—an outstanding opportunity for both homeowners and investors alike. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.42 Ft x 4.92 Ft | |
| Bedroom | 9.17 Ft x 10.67 Ft | |
| Bedroom | 10.50 Ft x 10.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.58 Ft x 4.67 Ft | |
| Dining room | 10.92 Ft x 10.00 Ft | |
| Kitchen | 14.08 Ft x 15.25 Ft | |
| Living room | 12.75 Ft x 15.00 Ft | |
| Other | 4.92 Ft x 6.50 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | 8.67 Ft x 11.92 Ft | |
| 4pc Bathroom | 19.33 Ft x 4.92 Ft | |
| Primary Bedroom | 12.08 Ft x 12.75 Ft | |
| Bedroom | 12.17 Ft x 9.92 Ft | |
| Bedroom | 12.67 Ft x 9.67 Ft | |
| Bonus Room | 14.50 Ft x 13.92 Ft | |
| Den | 9.75 Ft x 9.75 Ft | |
| Other | 4.42 Ft x 5.92 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
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,178
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.
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.