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Calgary · Single Family · under $625,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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404 Manora Way NE
Well maintained and move-in ready LEGAL suited bungalow located on a corner lot on a quiet street in Marlborough Park. Whether you’re an investor or looking to live up and rent down, this one offers so much more than the others! The big draw of this home is the corner lot, which gives you almost 50 square meters more space than your standard sized lot neighbour. Not to mention the space for an oversized 3 car garage as well as room to park an RV and you’re still left with all of that wrap around street parking space. With a legalized basement suite, the heavy lifting has been done for you, You’re set to start collecting rent from the moment you take possession. No need to worry about adding in a fire suppression system, as the overhead sprinkler system has already been professionally installed in the furnace room. Speaking of heavy lifting, you will also find that almost all of the windows have been updated. The upper floor consists of 3 bedrooms plus 1 bathroom, with gleaming hardwood floors and loads of sunlight. As you head downstairs, notice the shared laundry space to the right. The basement suite includes a single bedroom and bathroom as well as a large kitchen and living room space. Located in family-friendly community of Marlborough, this home is close to schools, parks, shopping, and transit. Whether you are looking to live up and rent down or rent out the entire home, adding this revenue property to your portfolio will give you so many options, as you have the triple garage as a revenue generator as well without sacrificing parking due to the corner lot. It’s about as turn-key as you’re going to get so hurry up and book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.75 Ft x 7.17 Ft | |
| Bedroom | 9.33 Ft x 12.50 Ft | |
| Den | 6.75 Ft x 8.83 Ft | |
| Dining room | 13.17 Ft x 13.00 Ft | |
| Kitchen | 15.33 Ft x 4.25 Ft | |
| Laundry room | 11.67 Ft x 6.33 Ft | |
| Recreational, Games room | 14.50 Ft x 12.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 11.58 Ft | |
| Primary Bedroom | 11.92 Ft x 13.50 Ft | |
| Bedroom | 8.25 Ft x 10.08 Ft | |
| Bedroom | 8.17 Ft x 10.08 Ft | |
| Dining room | 9.50 Ft x 8.17 Ft | |
| Kitchen | 11.83 Ft x 11.67 Ft | |
| Living room | 19.83 Ft x 13.42 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
-1.32%
Cap rate
4.60%
GRM
13.9
Break-even rent
$3,480
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 26, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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790 m away
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