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Calgary · Single Family · under $2,175,000 · 4+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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407 Patterson Boulevard SW
Open house July 4 and 5 from 1:00- 4:00 pm----NEW CUSTOM LUXURY BUILD | 5,000+ SQ. FT. | ELEVATOR | REVERSE WALK-OUT | PATTERSON HEIGHTS. An exceptional home built with a strong focus on quality craftsmanship, thoughtful design, and long-term livability. Positioned as the most competitively priced new luxury home in the area, this residence offers exceptional value without compromise on finishes or functionality. Designed with intention, this home features a rare REVERSE WALK-OUT design, where the lower level sits above grade with full natural light and direct outdoor access, creating bright, highly usable space that functions as a true extension of the home rather than a traditional basement. A standout feature is the private in-home ELEVATOR, providing effortless access across all three levels, paired with a sculptural open-riser staircase and engineered hardwood flooring throughout. Ten-foot ceilings create the sense of openness. The lower level offers versatile living space with a bright recreation area featuring a custom wall unit, a mini bar, a flexible office or fitness room, a bedroom and a full bathroom with quartz counters and floor-to-ceiling glass shower. The oversized double garage includes EV charging capability and gas heater rough-in. The main level is designed for elevated everyday living and entertaining, featuring a coffered-ceiling family room with custom fireplace and built-in millwork, opening onto an west-facing balcony through expansive sliding doors. A defined dining area connects seamlessly to a chef-inspired kitchen with a quartz waterfall island, premium appliance package, and a fully equipped spice kitchen for added functionality. Outdoor living is fully integrated with a rear patio complete with gas line and a professionally finished private yard backing onto green space. The upper level functions as a private retreat. The primary suite has it's own balcony, beverage station, and spa-inspired en-suite with in-floor heating, freestanding tub, and glass steam shower with built-in seating. Two additional bedrooms share a Jack & Jill bathroom, while a fourth bedroom includes its own en-suite and walk-in closet. A bonus room east facing with downtown views and a full laundry room complete the upper level. Additional features include dual high-efficiency furnaces, dual air conditioning units, a 75-gallon hot water tank, and under-slab basement heating rough-in. This is a rare opportunity to own a high-quality new build—the best-priced luxury entry point in Patterson Heights—offering elevator access, reverse walk-out design, and exceptional craftsmanship throughout. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.83 Ft x 13.17 Ft | |
| Other | 14.92 Ft x 13.33 Ft | |
| Bedroom | 10.67 Ft x 13.42 Ft | |
| 3pc Bathroom | 5.00 Ft x 9.08 Ft | |
| Exercise room | 13.00 Ft x 10.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Den | 11.83 Ft x 10.42 Ft | |
| Dining room | 12.92 Ft x 21.08 Ft | |
| Other | 11.00 Ft x 7.08 Ft | |
| Living room | 19.00 Ft x 21.08 Ft | |
| Kitchen | 16.33 Ft x 17.75 Ft | |
| Other | 8.67 Ft x 10.50 Ft | |
| 2pc Bathroom | 6.42 Ft x 6.67 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 19.33 Ft x 15.75 Ft | |
| 5pc Bathroom | 15.83 Ft x 10.67 Ft | |
| Bedroom | 10.92 Ft x 14.08 Ft | |
| 4pc Bathroom | 7.75 Ft x 10.25 Ft | |
| Bedroom | 13.00 Ft x 11.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.92 Ft | |
| Bedroom | 14.83 Ft x 15.50 Ft | |
| Bonus Room | 11.75 Ft x 17.50 Ft | |
| Other | 7.08 Ft x 12.50 Ft | |
| Laundry room | 7.17 Ft x 7.83 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
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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
-0.61%
Cap rate
4.74%
GRM
13.9
Break-even rent
$12,214
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 Jul 2, 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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