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4056 Kovitz Lane NW
Beds
3
Baths
2 full + 1 half
Sqft
1,453
Year
2017
Type
Single Family
On market
12d
Click brochure link for more details** Welcome to your home or investment property in the sought-after community of University District. This prime location offers quick access to Shaganappi Trail and Crowchild Trail, with the University of Calgary, Foothills Medical Centre, and Alberta Children’s Hospital within walking distance or a short bus ride. This turnkey 3-storey, 3-bedroom, 3-bathroom home features over-height 9’ ceilings, engineered hardwood flooring, BRAND NEW CARPETING, and FRESHLY PAINTED WALLS. Floor-to-ceiling windows bathe this east-facing unit in natural light, while contemporary energy-efficient light fixtures provide warm ambient illumination in the evenings. The well-appointed kitchen showcases polished quartz countertops, soft-close drawers, and a large island with an eating bar, ideal for entertaining. The primary bedroom offers ample closet space and a 4-piece ensuite bathroom featuring a luxurious, spa-inspired walk-in shower. Enjoy entertaining guests on the spacious private rooftop patio, complete with a natural gas hookup. The lower-level flex room features rubber flooring, perfect for a home gym or multipurpose space. The TWO TITLED PARKING SPACES are conveniently located directly outside the basement, and the secure underground parkade is heated, providing year-round vehicle protection. Condo fees include HEAT, GAS, WATER, INSURANCE, LANDSCAPING, and SNOW REMOVAL. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 10.33 Ft x 12.83 Ft | |
| Other | 4.08 Ft x 6.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 2.92 Ft x 3.50 Ft | |
| 2pc Bathroom | 3.50 Ft x 6.92 Ft | |
| Kitchen | 9.75 Ft x 11.58 Ft | |
| Living room/Dining room | 14.83 Ft x 20.25 Ft | |
| Other | 5.25 Ft x 5.75 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.17 Ft x 9.50 Ft | |
| Bedroom | 9.00 Ft x 9.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.67 Ft | |
| Primary Bedroom | 10.00 Ft x 11.00 Ft | |
| Other | 3.33 Ft x 6.67 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Storage | 3.00 Ft x 15.50 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
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
-6.73%
Cap rate
3.52%
GRM
16.6
Break-even rent
$4,202
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 1, 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.