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4315 Charleswood Drive NW
INCREDIBLE INVESTMENT OPPORTUNITY IN CHARLESWOOD, located directly across from GREEN SPACE! This unique property offers 3 RENTABLE UNITS (including an illegal basement suite and an illegal self-contained addition) and is perfect for investors seeking strong rental income, homeowners looking to offset their mortgage, or multi-generational families requiring flexible living arrangements. The bright 3-bedroom main floor features oversized windows overlooking the green space across the street, and a spacious living room anchored by a gas fireplace and built-in cabinetry. The updated kitchen offers generous prep space, ample cabinetry, a convenient pass-through serving window to the dining room, and a window above the sink to fill the space with natural light. A 5-pc bathroom with a washer and dryer completes this space. Totally unique, the main floor also features a self-contained addition with its own separate entrance and private deck, featuring tall ceilings, multiple skylights, a ceiling fan, a kitchenette, a gas fireplace, a 3-piece bathroom, and a washer/dryer combo. On the lower level, the illegal 3-bedroom basement suite is accessed through its own separate side entrance and features a spacious living area currently used as an office/den, a 3-pc bathroom, and a laundry room. One of the basement bedrooms benefits from a larger, newer window, enhancing both natural light and comfort. Outside, the sunny West-facing backyard offers excellent space for outdoor living, relaxing, entertaining, or gardening. Parking is rarely a concern, thanks to the covered carport and additional off-street parking that accommodates up to 5 vehicles, as well as plenty of street parking. Recent improvements to the property include newer main floor windows, 2 brand new bay windows, and a new torch-on roof with additional spray-foam insulation, backed by a 15-year warranty. This property boasts an incredible, rentable location. A large green space, playground, and park sit directly ac ross the street, while an off-leash dog park is just behind the property. Living in Charleswood means enjoying easy access to many of Calgary's most important amenities and institutions. The University of Calgary, SAIT, Foothills Medical Centre, Alberta Children's Hospital, and the new Cancer Centre are all nearby. Shopping and dining options abound with Brentwood Shopping Centre, Market Mall, Northland Mall, and the University District just minutes away. Brentwood LRT Station provides convenient transit access, while nearby schools, parks, pathways, and recreational amenities make this an outstanding location for families, students, professionals, and tenants alike. *VISIT MULTIMEDIA LINK FOR FULL DETAILS INCLUDING INVESTMENT BROCHURE AND FLOORPLANS!* (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.50 Ft x 17.92 Ft | |
| Bedroom | 10.00 Ft x 14.92 Ft | |
| Bedroom | 8.50 Ft x 10.75 Ft | |
| Kitchen | 8.67 Ft x 12.17 Ft | |
| Recreational, Games room | 8.75 Ft x 18.50 Ft | |
| Family room | 14.25 Ft x 19.92 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.17 Ft x 19.17 Ft | |
| Kitchen | 10.83 Ft x 9.42 Ft | |
| Dining room | 9.58 Ft x 11.33 Ft | |
| Primary Bedroom | 11.83 Ft x 12.42 Ft | |
| Bedroom | 8.83 Ft x 10.50 Ft | |
| Bedroom | 9.00 Ft x 11.33 Ft | |
| 5pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 9.08 Ft x 9.25 Ft | |
| Living room | 9.33 Ft x 13.00 Ft | |
| Kitchen | 3.33 Ft x 8.08 Ft | |
| 3pc Bathroom | .00 Ft x .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
-0.99%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,785
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 22, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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