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Calgary · Single Family · under $775,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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48 Millview Way SW
Step inside to this spacious and well-maintained home in the highly sought-after community of Millrise, offering over 1,708 sq. ft. above grade. Featuring 3 bedrooms and 2.5 bathrooms upstairs, plus an illegal basement suite complete with 1 bedroom, 1 full bathroom, and its own living space, this home is ideal for multi-generational living or those looking for a mortgage helper.Recent updates include new flooring and fresh paint, creating a bright, move-in-ready feel while still leaving room for you to add your own style and personal touches. A double detached garage and functional layout provide the the space and practicality your family needs.Perfectly situated in one of SW’s Calgary’s most established communities, you’ll love being just minutes from Fish Creek Provincial Park, Millrise Park, and the extensive pathways that make this neighbourhood so popular with walkers, runners, cyclists, and families. Shopping and everyday conveniences are close by at Millrise Station, Shawnessy Shopping Centre, and Southcentre Mall, with grocery stores, restaurants, cafés, fitness centres, and entertainment all within easy reach. Commuting is a breeze with quick access to Fish Creek–Lacombe CTrain Station, Macleod Trail, and Stoney Trail.Families will appreciate the excellent selection of nearby schools, including Our Lady of Peace School, Janet Johnstone School, Samuel W. Shaw School, and Centennial High School.Whether you’re a growing family, an investor, or simply looking for a home with flexibility and future potential, this is an exceptional opportunity in a location that truly has it all. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 10.75 Ft x 5.33 Ft | |
| Bedroom | 12.92 Ft x 13.75 Ft | |
| Kitchen | 10.42 Ft x 9.67 Ft | |
| Recreational, Games room | 23.50 Ft x 18.08 Ft | |
| Other | 9.92 Ft x 10.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.00 Ft x 4.50 Ft | |
| Dining room | 11.08 Ft x 10.67 Ft | |
| Family room | 13.42 Ft x 14.50 Ft | |
| Kitchen | 11.25 Ft x 16.33 Ft | |
| Laundry room | 10.58 Ft x 7.75 Ft | |
| Living room | 13.92 Ft x 11.50 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.83 Ft x 7.92 Ft | |
| 4pc Bathroom | 5.00 Ft x 10.17 Ft | |
| Bedroom | 10.17 Ft x 9.00 Ft | |
| Bedroom | 12.33 Ft x 10.50 Ft | |
| Primary Bedroom | 14.33 Ft x 14.58 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
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,329
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 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
14.3 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.