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55 Ross Place
Beds
5
Baths
3
Sqft
1,105
Year
1999
Type
Single Family
On market
24d
Welcome to this beautifully updated and extensively renovated bungalow situated on a desirable corner lot with a sunny south-facing backyard and attached garage, located on a quiet family-friendly street. This truly move-in-ready home offers the perfect combination of comfort, style, functionality, and versatility for today’s modern buyer. Whether you are searching for a family home, a multigenerational living setup, or an excellent income-generating opportunity, this property checks all the boxes. This exceptional home has undergone major renovations and upgrades throughout. Recent improvements include a newer roof, all new windows and exterior doors, a newer furnace, new carpet, luxury vinyl and hardwood flooring, quartz countertops, stylish backsplash, appliances, updated blinds throughout, fresh paint, and numerous cosmetic updates that give the home a fresh, modern feel. Step inside and you are welcomed by a spacious front entryway and a warm, inviting atmosphere that immediately feels like home. The bright and beautifully updated kitchen is the heart of the main floor, featuring stainless steel appliances, modern finishes, ample cabinetry, and stunning quartz countertops that perfectly complement the space. The kitchen flows effortlessly into the large dining area and spacious living room, creating an ideal layout for entertaining guests or enjoying everyday family life. Oversized windows flood the home with natural light, while the cozy gas fireplace adds warmth and charm to the living space. The main level features a generous primary bedroom complete with a private 3-piece ensuite and built in oversized closet, along with two additional spacious bedrooms and a full 4-piece bathroom. One standout feature of this incredible property is the fully finished basement suite (illegal), which offers exceptional flexibility and value. With large sunshine windows throughout, the lower level feels bright and open. The lower level includes a massive living area, office s pace, a large bedroom, full 3-piece bathroom, and separate laundry area, making it an ideal setup for extended family, multigenerational living, older children wanting their own private space, guests, or potential rental income. Having a suite (illegal) like this provides tremendous versatility and long-term value. Outside, the sunny south-facing backyard is perfect for enjoying summer evenings, entertaining, gardening, or simply relaxing in your private outdoor space. The full width deck is something to see in person! The attached garage and corner lot provide additional convenience, parking, and curb appeal. Ideally located close to schools, shopping, parks, amenities, and only moments to Airdrie, this home offers the perfect balance of peaceful living with easy access to everything you need. Don’t miss your chance to make this outstanding property your next home! Book your showing and come on Buy! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.50 Ft x 5.00 Ft | |
| 4pc Bathroom | 7.50 Ft x 5.08 Ft | |
| Bedroom | 9.25 Ft x 9.42 Ft | |
| Bedroom | 9.92 Ft x 9.50 Ft | |
| Dining room | 14.08 Ft x 12.33 Ft | |
| Kitchen | 11.33 Ft x 11.33 Ft | |
| Living room | 15.17 Ft x 12.33 Ft | |
| Primary Bedroom | 11.50 Ft x 12.75 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.92 Ft x 7.58 Ft | |
| Bedroom | 15.67 Ft x 11.25 Ft | |
| Bedroom | 9.00 Ft x 10.08 Ft | |
| Kitchen | 10.58 Ft x 11.50 Ft | |
| Living room | 17.75 Ft x 12.83 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
3.62%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,995
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 31, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Crossfield. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.