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5423 Madigan Drive NE
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Beds
5
Baths
2
Sqft
982
Year
1977
Type
Single Family
On market
11d
Fully renovated from top to bottom with a brand-new 2-bedroom illegal basement suite, double detached garage, gated RV parking, and central air conditioning, this turn-key property offers an incredible opportunity for homeowners and investors alike.The main floor has been completely updated and features a bright, open layout, modern finishes, and a beautifully renovated kitchen with stainless steel appliances. Large new windows throughout the home provide an abundance of natural light while enhancing energy efficiency and comfort, while the central A/C ensures you stay cool and comfortable during the warmer months.Downstairs, the newly constructed 2-bedroom illegal suite offers its own fully functional kitchen, spacious living room, separate laundry, and a full 3-piece bathroom, making it ideal for extended family, guests, or as a mortgage helper.Major upgrades provide peace of mind for years to come, including a new roof, gutters, downspouts, furnace, hot water tank, water softener, windows, and a brand-new double detached garage.One of the standout features of this property is the gated RV parking, providing secure space for your RV, trailer, boat, or additional vehicles, a rare find in the city.Conveniently located close to schools, parks, shopping, public transit, the LRT, Marlborough and Sunridge shopping centers, and with quick access to Deerfoot Trail, Stoney Trail, and downtown Calgary, this home combines modern living with exceptional convenience.Whether you're looking for a move-in-ready family home or an investment property with strong income potential, this is a rare opportunity you won't want to miss. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.83 Ft x 17.67 Ft | |
| Eat in kitchen | 10.00 Ft x 13.83 Ft | |
| Laundry room | 3.00 Ft x 3.00 Ft | |
| Primary Bedroom | 9.42 Ft x 13.25 Ft | |
| Bedroom | 7.92 Ft x 10.00 Ft | |
| Bedroom | 7.92 Ft x 10.50 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.50 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.58 Ft x 19.58 Ft | |
| Kitchen | 8.50 Ft x 10.33 Ft | |
| Bedroom | 11.50 Ft x 12.75 Ft | |
| Bedroom | 9.92 Ft x 9.92 Ft | |
| Other | 6.00 Ft x 7.67 Ft | |
| Laundry room | 5.00 Ft x 15.00 Ft | |
| 3pc Bathroom | 5.00 Ft x 15.00 Ft | |
| Furnace | 7.50 Ft x 8.58 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
-4.02%
Cap rate
4.06%
GRM
15.2
Break-even rent
$3,723
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 Jun 8, 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.