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Calgary · Single Family · under $550,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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4623 31 Avenue NE
Welcome to 4623 31 Avenue NE. Situated on a super quiet street with pleasant curb appeal, the home is just steps from Dr. Gordon Higgins School and St. Rupert School, and close to everyday amenities such as Village Square Leisure Centre, Rundle CTrain station, and Sunridge Mall. The home sits on a level, beautifully landscaped lot featuring a lush lawn, mature trees and a private south-facing backyard retreat that enjoys sunshine throughout the day. A newer roof and a walk-up to the backyard provide both peace of mind and flexible access. Inside, you’re welcomed by a spacious living room anchored by a cozy gas fireplace. The large kitchen is filled with natural light and connects seamlessly to the dining area. Hard surface floors extend through the main and upper levels, adding durability and style. Upstairs you’ll find three generously sized bedrooms, including a primary suite with its own 2-piece ensuite, along with a full 4-piece bathroom. The inviting lower level expands your living space with a functional recreation room and a fourth bedroom, perfect for guests or a growing family. A walk-up design allows optional direct access to the backyard. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.00 Ft x 9.75 Ft | |
| Recreational, Games room | 13.00 Ft x 17.75 Ft | |
| Furnace | 10.17 Ft x 4.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 13.58 Ft x 9.08 Ft | |
| Kitchen | 13.58 Ft x 12.75 Ft | |
| Living room | 13.42 Ft x 18.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.42 Ft x 4.92 Ft | |
| 4pc Bathroom | 8.67 Ft x 4.92 Ft | |
| Bedroom | 11.92 Ft x 9.42 Ft | |
| Bedroom | 15.42 Ft x 8.67 Ft | |
| Primary Bedroom | 13.58 Ft x 13.08 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
-1.32%
Cap rate
4.60%
GRM
13.9
Break-even rent
$3,116
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.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.