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423 Spyhill Road NW
Beds
4
Baths
2
Sqft
1,015
Year
1955
Type
Single Family
On market
0d
Welcome to this bungalow situated on a large R-CG zoned CORNER lot in the established community of Thorncliffe. Offering over 1,000 sq. ft. above grade plus a fully developed basement, this property presents an solid & excellent opportunity for first time homeowners looking to renovate & improve, savvy investors looking to unlock long-term value, or for future redevelopment potential. The main floor showcases original hardwood floors, a bow window in the living room, opened oak kitchen with peninsula and breakfast bar, extra cabinetry and a sunny window over the sink overlooking the south backyard. The dining area offers a sliding patio door to the 2 tiered rear deck. Modified to showcase a large and spacious primary bedroom with large fench door sliding closet, 2nd bedroom and 4 piece bath complete the main floor. Plus, there is additional laundry hook up on this level! The lower level is fully finished and offers an abundance of extra space, including a second full bath, laundry room with sink and extra upper cabinetry, storage, rec room, den and 2 bedrooms (windows are not egress size). Outside, you'll find a fully fenced south exposure back yard with mature trees, rear lane access & a detached single garage. Conveniently located in an established community, close to schools, parks, playgrounds, shopping, transit, and major commuter routes. The neighbourhood offers consistent rental demand and strong investor interest, & combines immediate enjoyment with long-term potential. A fantastic opportunity in a sought-after NW Calgary location. Book your showing today as this one wont last long! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.33 Ft x 5.33 Ft | |
| Bedroom | 10.17 Ft x 9.42 Ft | |
| Bedroom | 17.42 Ft x 11.92 Ft | |
| Den | 8.92 Ft x 11.92 Ft | |
| Laundry room | 11.33 Ft x 9.67 Ft | |
| Recreational, Games room | 14.67 Ft x 19.17 Ft | |
| Furnace | 6.83 Ft x 3.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 9.17 Ft | |
| Bedroom | 8.83 Ft x 10.83 Ft | |
| Dining room | 11.67 Ft x 10.83 Ft | |
| Kitchen | 9.17 Ft x 11.25 Ft | |
| Living room | 15.08 Ft x 12.17 Ft | |
| Primary Bedroom | 19.00 Ft x 11.75 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
-1.28%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,268
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 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
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.