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Calgary · Single Family · under $550,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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51 Covington Rise NE
Fully finished bi-level with walkout basement and illegal basement suite located on a quiet street in the desirable community of Coventry Hills, close to schools, transit, shopping, and all amenities. Offering over 1,600 sq. ft. of developed living space, this updated home has been freshly painted and features laminate, hardwood, and tile flooring throughout, large windows, and vaulted ceilings that create a bright and open feel. The kitchen is equipped with newer stainless steel appliances, maple cabinetry, and ample counter space. The main level is complete with 2 spacious bedrooms and a full bathroom. The fully finished walkout basement offers excellent flexibility and includes a living area/bedroom, kitchen area, dining space, full bathroom, and large windows allowing for plenty of natural light.Enjoy the spacious fully fenced backyard featuring a workshop, storage shed, back lane access, and rear parking pad with plenty of room for a future garage.This home shows very well and has been updated with a new Class 4 impact-resistant asphalt shingle roof in 2025, along with numerous upgrades throughout. Additional features include plenty of storage, great curb appeal, and an excellent location. This is a must see (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 10.92 Ft x 14.75 Ft | |
| Bedroom | 18.33 Ft x 14.75 Ft | |
| 4pc Bathroom | 7.83 Ft x 5.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6.00 Ft x 4.17 Ft | |
| Living room | 15.42 Ft x 12.00 Ft | |
| Kitchen | 13.67 Ft x 15.92 Ft | |
| Primary Bedroom | 10.92 Ft x 13.67 Ft | |
| Bedroom | 8.08 Ft x 12.33 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.92 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
-1.28%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,086
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 10, 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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