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51 Coral Reef Close NE
********Open house April 25, 2026 from 12:00 pm-3:00 pm.*******Welcome to 51 Coral Reef Close NE, a beautifully updated and spacious family home located in the heart of Calgary’s sought-after lake community of Coral Springs. Boasting over 3,300 sq. ft. of developed living space, this thoughtfully designed residence offers the perfect blend of comfort, functionality, and exceptional value.The bright and inviting main floor showcases soaring ceilings, an elegant formal living and dining area, and a generous family room complete with a cozy gas fireplace. The well-appointed kitchen features ample cabinetry, abundant counter space, and a charming breakfast nook—perfect for busy mornings and family gatherings. A main floor den, convenient laundry room, and 2-piece bath enhance everyday practicality.Upstairs, you’ll find four spacious bedrooms, including a stunning primary retreat with a private balcony, walk-in closet, and luxurious 4-piece ensuite. A versatile flex area provides the ideal space for a reading nook, study zone, or additional lounge area.The fully finished basement offers incredible flexibility and income potential. It includes two additional bedrooms, a second kitchen, a large living area, two bathrooms (4-piece and 2-piece), and separate laundry. The currently rented (illegal) suite generates income and tenants willing to stay.Significant recent upgrades add peace of mind and modern appeal, including a new high-efficiency furnace (2025), roof replacement (2020), central air conditioning, LED exterior lighting, new carpet, fresh paint, updated light fixtures, and upgraded appliances. A backyard storage shed adds extra functionality, while the double attached garage provides added convenience.Enjoy year-round lake access and a wealth of community amenities including parks, pathways, schools, shopping, and transit—all within this vibrant, family-friendly neighborhood.This move-in-ready home with built-in income potential is a rare find. Book yo ur private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.00 Ft x 7.33 Ft | |
| 4pc Bathroom | 5.75 Ft x 8.75 Ft | |
| Bedroom | 14.50 Ft x 12.25 Ft | |
| Bedroom | 9.67 Ft x 14.25 Ft | |
| Kitchen | 11.50 Ft x 8.75 Ft | |
| Laundry room | 2.83 Ft x 6.08 Ft | |
| Living room | 17.83 Ft x 17.33 Ft | |
| Storage | 4.17 Ft x 8.83 Ft | |
| Furnace | 6.58 Ft x 6.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.75 Ft x 4.67 Ft | |
| Breakfast | 4.42 Ft x 11.08 Ft | |
| Dining room | 9.00 Ft x 12.25 Ft | |
| Family room | 10.92 Ft x 12.25 Ft | |
| Foyer | 11.42 Ft x 7.17 Ft | |
| Kitchen | 15.67 Ft x 14.08 Ft | |
| Laundry room | 8.33 Ft x 6.00 Ft | |
| Living room | 15.42 Ft x 18.58 Ft | |
| Office | 9.50 Ft x 9.50 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.00 Ft x 8.92 Ft | |
| 4pc Bathroom | 9.92 Ft x 10.25 Ft | |
| Bedroom | 9.92 Ft x 10.92 Ft | |
| Bedroom | 10.92 Ft x 12.58 Ft | |
| Bedroom | 10.33 Ft x 8.92 Ft | |
| Other | 9.00 Ft x 10.67 Ft | |
| Primary Bedroom | 14.33 Ft x 14.92 Ft | |
| Other | 9.92 Ft x 4.67 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
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$4,724
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 May 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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