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Calgary · Single Family · under $650,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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47 Cornerbrook Gate NE
**LEGAL REGISTERED BASEMENT SUITE** Whether you're a first-time buyer looking to offset your mortgage or an investor searching for a turnkey income property, this thoughtfully designed home offers the rare advantage of two homes under one roof with one-bedroom legal suite.Step inside this well designed space where natural light, large windows, 9’ ceilings and a neutral palette create a backdrop that feels as good as it looks. The kitchen features quartz countertops, stainless steel appliances and a functional island that makes both weeknight dinners and weekend entertaining a breeze. Luxury vinyl plank flooring flows throughout the main level, while the open-concept layout effortlessly connects the living, dining, and kitchen spaces.Upstairs three bright bedrooms await. The primary bedroom features a walk-in closet and four-piece ensuite, while the additional bedrooms offer oversized windows and generous closets. A second full bathroom and convenient laundry room complete this level. And then there’s the bonus: a fully finished legal suite with private side entrance. Outfitted with its own modern kitchen, laundry, living room, bedroom and 4-piece bath, it is turnkey-ready for extended family or income generation. Rent both levels for maximum return or live up and rent down for the ultimate mortgage helper. The perks don’t stop inside. Outside, the work is already done. The home is landscaped, fully fenced for added privacy, and features a double detached garage, finished deck and large concrete pad that's ready for summer BBQs.Located in the vibrant community of Cornerstone, you're just minutes from Stoney Trail, Country Hills Boulevard, Calgary International Airport, shopping, parks, playgrounds, making daily commutes and weekend adventures equally convenient.This is more than a home. It's an opportunity to build wealth while enjoying a space you'll genuinely love coming home to. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7.00 Ft x 12.67 Ft | |
| Family room | 9.17 Ft x 14.25 Ft | |
| Bedroom | 9.00 Ft x 10.00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.50 Ft x 14.50 Ft | |
| Dining room | 11.75 Ft x 8.75 Ft | |
| Living room | 11.42 Ft x 13.75 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.50 Ft x 11.92 Ft | |
| Bedroom | 8.33 Ft x 10.92 Ft | |
| Bedroom | 8.33 Ft x 11.75 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| 4pc 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
-1.25%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,602
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 Jun 26, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
Hazrat Bilal Islamic Center
2.9 km away
Al-Hedaya Islamic Centre
3.6 km away
Al Madinah Islamic Centre
4.4 km away
6.8 km away
8.7 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
8.9 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
12.8 km away
13.6 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
6.7 km away
Amir Halal Meats & Grocery
12.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.