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500 Cranbrook Gardens SE
Beds
5
Baths
4 full + 1 half
Sqft
2,261
Year
2023
Type
Single Family
On market
21d
BACKS DIRECTLY ONTO THE BOW RIVER AND PATHWAY SYSTEM. This is the kind of property that redefines what it means to come home, and the kind of opportunity that does not present itself often. Set in the established community of Cranston’s Riverstone, this 2-storey beauty delivers over 3176 sq ft across three fully developed levels, all sitting on an expansive, beautifully landscaped lot with unobstructed river and pathway views directly off the back. This is not a home you stumble upon. This is a home you search for. The curb appeal is inviting and the home is impeccably maintained. James Hardie board exterior, warm cedar accents, PERMANENT SOFFIT LIGHTING, stacked stone detail, and a finished double attached OVERSIZED GARAGE set the stage before you even step inside. And once you do, 8-foot doors and a barn-door entry to a dedicated HOME OFFICE make it clear this home was designed with purpose. The kitchen is a standout, anchored by a large L-shaped veined quartz island with breakfast bar seating, two-tone cabinetry, built-in convection oven, built-in microwave, induction cooktop, pot drawers, a walk-through pantry, and a coffee bar with open shelving. It is the kind of kitchen that earns compliments without trying. The great room beyond is warm and generous, with a stunning electric FIREPLACE, and rear windows that frame the river view perfectly. A powder room with custom vanity and mudroom with hooks and a bench completes the main floor. Upstairs, the primary suite is a genuine retreat, complete with a spa-inspired ensuite featuring dual sinks, a large vanity, and a custom shower with bench. Two additional good sized bedrooms, large bonus room, a built-in desk area with drawers and a laundry room outfitted with quartz counters, cabinetry, and a drying rack round out the upper level. The fully developed WALKOUT basement adds serious value with a WET BAR with quartz counters and bar fridge, a large rec room, TWO additional bedrooms, and a 4-piece bathroom. Outside is where this home truly separates itself. A FULLY SCREENED UPPER DECK with aluminum roof, privacy glass panels on both sides, and a gas line creates a true four-season outdoor room you will use year-round. Below, a composite deck leads down to a stunning tile patio with added railing, perfectly set up for a future fire pit or hot tub. The yard is fully fenced and beautifully landscaped, with a manicured lawn, planted flower beds, step stone pathways, and shed storage tucked neatly under the stairs. And behind it all? The river. The pathways. Views that simply cannot be replicated. Homes like this do not come available often. The possibilities of joyful memories for you and your family are limitless when a place like this is your home! You’ll also have access to the Cranston’s Community Hall up the hill which has a splash park, skate park, hockey rink, tennis courts & so much more. Book your showing today and come see what life here could look like. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 12.83 Ft x 11.08 Ft | |
| Bedroom | 8.17 Ft x 9.83 Ft | |
| Recreational, Games room | 14.08 Ft x 11.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | .00 Ft x .00 Ft | |
| Dining room | 11.58 Ft x 9.75 Ft | |
| Kitchen | 15.00 Ft x 13.25 Ft | |
| Living room | 14.42 Ft x 15.25 Ft | |
| Office | 8.00 Ft x 11.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 15.33 Ft x 8.92 Ft | |
| Bedroom | 14.08 Ft x 8.58 Ft | |
| Family room | 13.17 Ft x 9.00 Ft | |
| Laundry room | 5.58 Ft x 10.25 Ft | |
| Primary Bedroom | 18.00 Ft x 12.33 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
-0.75%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,665
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 May 20, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.