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Investment signal

$370,000

649 Pineland Road NE

Save this home

Beds

4

Baths

2

Sqft

Year

1977

Type

Single Family

Suite

Illegal suite mentioned

Location nearby

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.

About this home

Click brochure link for more details. This house has a fully developed illegal basement suite with separate entrance. This beautiful bi level style half duplex house is in a very quiet neighbourhood Pineridge NE. Hospital, train station, costco and superstore are nearby. 2 bedrooms up stair and 2 bedrooms in the basement. Extra large windows in the basement. There are 2 kitchens. It is illegal mother in law suite with separate entrance in the basement. Extra large basement windows in all bedrooms. Laminate floor through out. Beautiful house inside and outside. Newer furnace and water tank. Do not know exact size of the property. It is about 882 sq2 on main floor. it is being sold as is. Large fenced back yard with a small shed. 2 parking stalls Infront of the house. (id:65958)

Subtype
Single Family
Architectural style
Bi-level
Structure
Duplex
Community
Pineridge
Common interest
Freehold
Living area
882 square feet
Lot size
304 square meters
Lot dimensions
304.00
Bedrooms
2 above grade, 2 below grade
Parking
2 total
On market
Feb 6, 2026
Status changed
Apr 30, 2026
Annual tax
$2,580 (2025)
Zoning
R-CG
Photos
27
MLS#
A2283667
Area
CALGARY_NE

Features and systems

Parking

Parking Pad

Basement

FinishedFullSeparate entranceSuite

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Construction

Wood frame

Flooring

Laminate

Foundation

Poured Concrete

Lot

See remarks
Positive cash flow ~$543/mo at these assumptions

Cash on cash

8.81%

Cap rate

6.63%

GRM

10.6

Break-even rent

$2,328

Financing

Down payment$74,000
Loan amount$296,000
Mortgage$1,500/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$170
Insurance$80
Maintenance$308
CapEx reserve$154
Vacancy loss$145

Estimates 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.

Location nearby

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.

Mortgage estimate

Estimated $1,500/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 30, 2026.

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