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422 Taralake Way NE
Beds
6
Baths
5 full + 1 half
Sqft
2,361
Year
2008
Type
Single Family
On market
94d
JUDICIAL SALE | LEGAL BASEMENT SUITE | 6 BEDROOMS | 4.5 BATHROOMS | SOUTH BACKYARD | DUAL MASTER BEDROOMS | BONUS ROOMWelcome to this beautifully maintained in Taradale, offering legal basement suite—perfect for large families or investors seeking strong rental potential.The main floor features a bright and functional layout with separate living and family rooms, formal dining area, breakfast nook, and a well-appointed kitchen with ceiling-height cabinetry, granite countertops, updated appliances, island, and walk-in pantry. The family room includes a custom built-in TV unit, while the breakfast nook leads to the deck and landscaped south-facing backyard. A paved back alley and no direct rear neighbors provide added privacy and extra parking convenience.Upstairs offers 4 spacious bedrooms, 3 full bathrooms, and a bonus room. The oversized primary bedroom features double-door entry, private balcony, walk-in closet, and an upgraded 5-piece ensuite with double vanity and quartz countertops. The second bedroom includes its own 3-piece ensuite, creating a rare dual master layout.The legal basement suite includes 2 bedrooms, full bathroom, living area, separate laundry, and two separate furnaces—ideal for extended family or rental income.Located close to schools, parks, shopping, transit, bus routes, and LRT, this move-in ready home offers space, flexibility, and excellent investment potential. Book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.50 Ft | |
| Bedroom | 16.25 Ft x 9.67 Ft | |
| Kitchen | 16.92 Ft x 8.67 Ft | |
| Living room | 14.33 Ft x 13.75 Ft | |
| Bedroom | 10.92 Ft x 11.58 Ft | |
| Furnace | 11.75 Ft x 12.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.08 Ft x 5.42 Ft | |
| Living room/Dining room | 18.00 Ft x 11.83 Ft | |
| Foyer | 10.08 Ft x 11.33 Ft | |
| Living room | 16.92 Ft x 14.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.00 Ft | |
| 5pc Bathroom | 10.25 Ft x 10.50 Ft | |
| Bedroom | 10.00 Ft x 10.58 Ft | |
| Bedroom | 13.25 Ft x 11.33 Ft | |
| Bedroom | 13.08 Ft x 11.17 Ft | |
| Bonus Room | 12.58 Ft x 12.00 Ft | |
| Primary Bedroom | 12.92 Ft x 18.00 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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,839
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 May 23, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.