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101, 516 Blackthorn Road NE
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Calgary · Single Family · under $375,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Investor & First-Time Home Buyer Alert!Welcome to this beautifully maintained no-condo-fee fourplex in the heart of Thorncliffe! Ideally located just minutes from downtown, shopping centres, hospitals, schools, public transit, parks, playgrounds, Deerfoot City, and with quick access to Deerfoot Trail, this home offers exceptional convenience and value.This well-kept property features a private parking stall and a private yard, perfect for families, children, or pets. Step inside to a bright, spacious, freshly painted living room that flows seamlessly into the large kitchen and dining area—an ideal layout for everyday living and entertaining. A convenient 2-piece bathroom completes the main floor.Upstairs, you'll find three generously sized bedrooms and a fully renovated 4-piece bathroom, providing comfort and modern style for the entire family.The partially finished basement offers tremendous future potential, with framing and rough-ins already in place for an additional bedroom and bathroom. It also features a brand-new washer and dryer and plenty of storage space.For added peace of mind, the roof was replaced in 2023.Whether you're a first-time home buyer searching for an affordable home or an investor looking for a strong rental opportunity, this property offers outstanding value in one of Calgary's most convenient communities.Don't miss this fantastic opportunity—book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.33 Ft x 12.67 Ft | |
| Storage | 8.33 Ft x 12.67 Ft | |
| Laundry room | 5.33 Ft x 5.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.50 Ft x 14.42 Ft | |
| Kitchen | 7.25 Ft x 8.25 Ft | |
| Dining room | 7.42 Ft x 9.33 Ft | |
| 2pc Bathroom | 4.42 Ft x 4.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.42 Ft x 12.83 Ft | |
| Bedroom | 10.08 Ft x 10.17 Ft | |
| Bedroom | 9.08 Ft x 9.92 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.42 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
12.63%
Cap rate
7.39%
GRM
9.8
Break-even rent
$2,146
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 29, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.8 km away
7.1 km away
Al Madinah Islamic Centre
7.6 km away
Hazrat Bilal Islamic Center
8.1 km away
Al-Hedaya Islamic Centre
8.2 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.8 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
8.7 km away
9.5 km away
Halal grocery
Shaheen Grocery, Bakery & Halal Meat
7.6 km away
Amir Halal Meats & Grocery
8.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.