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Calgary · Single Family · under $1,575,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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361 Discovery Ridge Way SW
Have you been waiting for a home that is truly distinctive? Set on a lot nearly triple the size of many newer homes in the community, 8000 + sq. ft, this extensively renovated in 2022, property combines timeless design, architectural character, and a natural setting unlike anything else in Discovery Ridge. With over 3,600 sq. ft. of developed living space, a bright open floor plan, and a rooftop balcony with mountain views, this home stands apart from the rest. Resurfaced reclaimed hardwood flooring welcomes you into the thoughtfully updated interior. Off the front entry is a versatile space ideal as a formal dining room, sitting area, or private office. The main floor is filled with natural light and designed to take full advantage of the mature landscaping surrounding the impressive 8,000 sq. ft. lot. The fully renovated kitchen, completed in 2022, offers abundant counter space, additional cabinetry, a gas stove, premium appliances, and seamless access to the outdoor living areas. A casual dining space sits adjacent to the kitchen, while a walk-through butler’s pantry connects to the backyard and flows into a spacious mudroom with excellent storage and direct access to the garage. Upstairs features a convenient laundry room added in 2022, new carpeting, and two generous bedrooms connected by a Jack & Jill bathroom. The third-level bonus room opens onto a spectacular southwest-facing rooftop balcony with mountain views. The primary suite serves as a peaceful retreat with vaulted ceilings, a beautifully renovated ensuite featuring a spacious shower, and an expansive walk-in closet. For automotive enthusiasts, the oversized double garage includes a heated interior, a brand-new epoxy floor coating, and one bay measuring 28 feet in length ( 2 seater sports care spot). The fully finished walkout lower level features a gym, a full bathroom, and another bedroom. Great for entertaining, there is a wet bar that offers seamless access to the landscaped backyard, & a big mov ie-perfect rec room. Outdoor living is equally impressive with an elevated deck featuring its own fireplace & gas line, while the landscaped backyard provides privacy and room to enjoy the surrounding greenery. Situated in a quiet pocket of Discovery Ridge, this home is steps from walking trails, tennis courts, and green spaces, while offering convenient access to Webber Academy, Calgary Academy, Westhills Shopping Centre, and Stoney Trail. Some of the recent improvements include new garage doors in 2026, a new air conditioning unit and epoxy garage floor coating in 2025, and a garage heater and concrete landscape edging in 2024. The extensive 2022 renovation included resurfaced hardwood floors, new carpet & tile flooring, professional interior painting, a complete new kitchen renovation with new cabinetry & appliances, a fully renovated primary ensuite, a custom walk-in closet organizer, new toilets throughout, a central vacuum system, a new washer & dryer, and a new refrigerator in the walkout level. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Exercise room | 16.58 Ft x 13.83 Ft | |
| Great room | 20.58 Ft x 33.50 Ft | |
| 4pc Bathroom | 5.75 Ft x 10.33 Ft | |
| Bedroom | 13.42 Ft x 10.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 9.83 Ft x 14.00 Ft | |
| Foyer | 6.17 Ft x 77.08 Ft | |
| Kitchen | 15.50 Ft x 17.50 Ft | |
| Pantry | 7.83 Ft x 12.50 Ft | |
| Living room | 20.50 Ft x 22.42 Ft | |
| Other | 7.08 Ft x 14.58 Ft | |
| 2pc Bathroom | 5.33 Ft x 4.92 Ft | |
| Breakfast | 15.83 Ft x 11.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 12.42 Ft x 4.83 Ft | |
| Bedroom | 12.08 Ft x 11.25 Ft | |
| Bedroom | 10.25 Ft x 12.83 Ft | |
| 4pc Bathroom | 14.58 Ft x 10.83 Ft | |
| Laundry room | 12.75 Ft x 6.08 Ft | |
| Primary Bedroom | 13.42 Ft x 14.50 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Den | 10.00 Ft x 10.50 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
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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
-0.70%
Cap rate
4.72%
GRM
13.9
Break-even rent
$8,878
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 19, 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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