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58 Templeson Crescent NE
Beds
4
Baths
2
Sqft
915
Year
1981
Type
Single Family
On market
25d
Exceptional Investment Opportunity in Northeast Calgary!This bright, spacious, and **recently renovated** 4-bedroom bi-level home offers incredible flexibility for both homeowners and investors. Whether you choose to live upstairs and offset your mortgage with rental income, or rent out both levels to maximize cash flow, this property is designed to deliver value.Thoughtfully laid out, the home features two fully separated living spaces with a private entrance, two sets of laundry, and functional floorplans—ideal for multi-generational living or reliable rental potential. The illegal basement suite adds convenience that access to the lower level can also be made from the upper level if desired.The upper level has been recently renovated and showcases new windows, doors, casings, luxury vinyl plank flooring, granite kitchen countertops, and beautifully refreshed cabinetry with updated appliances. The lower level is well maintained, move-in ready, and offers strong rental appeal.Additional highlights include a sunny front balcony, a fully fenced backyard, and convenient alley-access parking. The home is located close to schools, public transit, shopping, and everyday amenities in a well-established Northeast Calgary community.Please note: new windows have been installed, and baseboards and trim will be completed upon arrival of supplies. Basement flooring has already been purchased and can be installed, with terms negotiable.An excellent opportunity for first-time buyers seeking an income helper or investors looking to expand their portfolio—this is a smart move all around. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.33 Ft | |
| Bedroom | 8.58 Ft x 10.00 Ft | |
| Bedroom | 8.67 Ft x 11.67 Ft | |
| Kitchen | 8.25 Ft x 8.75 Ft | |
| Recreational, Games room | 12.08 Ft x 20.50 Ft | |
| Furnace | 6.50 Ft x 4.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.42 Ft x 13.58 Ft | |
| Bedroom | 8.17 Ft x 17.25 Ft | |
| 3pc Bathroom | 8.00 Ft x 4.92 Ft | |
| Dining room | 10.50 Ft x 8.75 Ft | |
| Kitchen | 8.50 Ft x 9.75 Ft | |
| Living room | 13.25 Ft x 12.58 Ft | |
| Foyer | 3.58 Ft x 4.33 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
0.72%
Cap rate
5.01%
GRM
13.1
Break-even rent
$2,843
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.