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556 Chelsea Gardens
Beds
3
Baths
3 full + 1 half
Sqft
1,644
Year
2025
Type
Single Family
On market
100d
Welcome to this exceptional duplex, essentially brand new and never lived in, having only been utilized for short-term Airbnb rentals over the past year. Enjoy a fantastic main floor layout featuring ample counter space and a dual island, perfect for entertaining, complemented by elegant finishes such as recessed ceilings and luxurious quartz countertops. The upper floor boasts a rare bonus room, a spacious primary bedroom with a 4-piece ensuite and a generous walk-in closet, plus two additional bedrooms that offer versatile options for use—ideal as children's rooms, home offices, or creative workspaces—along with an additional 4-piece bathroom. The unfinished basement, featuring a separate entrance and zoned for potential revenue generation, can be transformed into a rental suite subject to approval and permitting by the city/municipality, multi-generational living space, or additional living area. The property includes a double detached garage. It is conveniently located with equal access to Chestermere and Calgary, as well as East Hills. Once completed, the community will feature a 15-acre eco-reserve with natural wetlands, 5 km of pathways, 4 modern playgrounds, and multi-use playfields—all within walking distance to schools, retail shops, and commercial spaces. Don’t miss out on this unique opportunity to own a versatile and beautifully designed home in a thriving community! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.20 M x 15.60 M | |
| Dining room | 10.11 M x 13.20 M | |
| Living room | 11.11 M x 14.10 M | |
| 2pc Bathroom | 5.30 M x 5.70 M |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 8.11 M x 14.11 M | |
| Laundry room | 3.40 M x 4.10 M | |
| Primary Bedroom | 12.11 M x 13.10 M | |
| Bedroom | 9.40 M x 9.11 M | |
| Bedroom | 9.10 M x 9.50 M | |
| 3pc Bathroom | 4.11 M x 8.20 M | |
| 4pc Bathroom | 4.11 M x 9.40 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
-1.20%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,390
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.
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 Chestermere. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.