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537 Epiphany Bay
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Beds
2
Baths
1
Sqft
991
Year
2002
Type
Single Family
On market
118d
Welcome to Prince of Peace Village, a peaceful and welcoming 55+ community on the eastern edge of Calgary. This charming unit at 537 Epiphany Bay is a 2-bedroom, 1-bathroom duplex bungalow with an unfinished basement, offering the perfect balance of comfort, space, and future potential to suit your needs. Tucked into a quiet cul-de-sac with no immediate neighbours behind, the home is nearly surrounded by greenspace and provides exceptional privacy.The main level features an open layout with a spacious, welcoming foyer that leads into the living, dining, and kitchen areas. The kitchen is bright and functional, with ample cabinetry and counter space for everyday living. The dining area comfortably accommodates seating for four and opens through sliding patio doors to a private deck and patio—an ideal spot to relax and enjoy the peaceful natural surroundings just outside your door.Two bedrooms are located on the main floor, including a generous primary bedroom with dual access to a 4-piece bathroom. The second bedroom can easily serve as a guest room, office, or hobby space. Main-floor laundry and central air conditioning add to the home’s overall comfort and convenience.The unfinished lower level provides excellent potential for future development, with rough-in plumbing already in place for a bathroom—perfect for expanding your living space to suit your lifestyle.An attached single garage and driveway offer ample parking, while condo fees include snow removal in the winter and lawn care in the summer for easy, low-maintenance living. With quick access to Highway 1, you’re just minutes from Calgary to the west, Chestermere to the east, and shopping at East Hills. Surrounded by walking paths, natural beauty, and an active community centre with regular gatherings and events, this is a wonderful place to enjoy relaxed adult living in a vibrant setting. Prince of Peace Village is truly a beautiful place to call home. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 3.23 M x 3.96 M | |
| Dining room | 2.29 M x 2.37 M | |
| Living room | 3.63 M x 4.72 M | |
| Laundry room | 1.69 M x 1.78 M | |
| Foyer | 1.63 M x 5.15 M | |
| 4pc Bathroom | 2.41 M x 2.41 M | |
| Primary Bedroom | 3.40 M x 3.96 M | |
| Bedroom | 3.02 M x 4.27 M |
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
-7.15%
Cap rate
3.43%
GRM
16.7
Break-even rent
$2,783
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 18, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Rocky View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.