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37 Chaparral Ridge Link SE
LEGAL SUITE | DOUBLE DETACHED GARAGE | FAMILY-FRIENDLY NEIGHBOURHOODAttention first-time buyers and investors. Here is a turnkey investment opportunity in the desirable community of Chaparral. Welcome to 37 Chaparral Ridge Link SE. This property offers a smart layout with an upper suite featuring an open-concept main floor that seamlessly connects the kitchen, living, and dining areas. The upper level also includes 2 bedrooms, a 4-piece bathroom, and dedicated laundry. The legal lower suite is accessed from the rear of the home and offers a bright, inviting space that is far from your typical dark basement. With its 4-level split design and large bank of windows, the lower suite is filled with natural light throughout the kitchen and living area. This suite also features 2 full bedrooms, a 4-piece bathroom, and its own dedicated laundry. Adding even more value, the double detached garage offers the potential for a third revenue stream. The property is fully fenced and landscaped, making it ideal for both owners and tenants. Located in the family-friendly community of Chaparral, this home is close to parks, pathways, and the Bow River Valley, offering an excellent lifestyle and long-term appeal. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10.17 Ft x 19.33 Ft | |
| Kitchen | 9.42 Ft x 12.17 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 6.00 Ft x 15.08 Ft | |
| Bedroom | 13.42 Ft x 14.42 Ft | |
| Laundry room | 4.33 Ft x 5.08 Ft | |
| 4pc Bathroom | 6.92 Ft x 7.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.92 Ft x 14.83 Ft | |
| Kitchen | 8.75 Ft x 12.67 Ft | |
| Dining room | 8.83 Ft x 10.42 Ft | |
| Laundry room | 3.42 Ft x 7.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.67 Ft x 11.67 Ft | |
| Other | 3.42 Ft x 7.92 Ft | |
| Bedroom | 7.92 Ft x 11.08 Ft | |
| 4pc Bathroom | 9.25 Ft x 10.08 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
$3,778
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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