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7 Elk Valley Gate
Beds
5
Baths
4 full + 1 half
Sqft
2,615
Year
1990
Type
Single Family
On market
146d
Welcome to 7 Elk Valley Gate in the highly sought-after and secluded Elk Valley Park Estates. Set on 2 acres, this property presents a rare opportunity for buyers seeking a customizable rural home with major infrastructure upgrades already completed. The interior has been professionally demoed following an insurance claim, creating a true blank canvas for renovation and redesign. Some photos have been virtually modified to visualize the completed renovation. The current layout features three bedrooms upstairs, each with a full bathroom, including an en-suite in the primary bedroom. The main floor features a vaulted ceiling in the living room, which is adjacent to the dining room and kitchen, that can be set up as an open concept. The front of the house offers a sitting area/office, a half bath, and a laundry room. The massive basement already has two bedrooms (one window is boarded up), with a third one framed and would just need a window cut should you wish to turn this into a 6-bedroom home. Make sure to check out the virtual tour and floor plan schematics for all the layout details. The home features a wood foundation and numerous recent improvements, including all plumbing lines replaced, a new main electrical line, and a new sump pump with updated lines. The brand new state-of-the-art heating is provided by a boiler-fed/heated forced air system servicing both the main floor and basement, complemented by on-demand hot water supplying both domestic use and the heating system, servicing the upper floor bedrooms.Water is sourced from a well fracked approximately 10 years ago, with the basement already roughed in for a water treatment system (no treatment currently installed). The property is serviced by gas and electricity from the county, and includes a septic tank and field installed in 1997.Additional features include a heated double garage, interior logs professionally dry ice–treated on the interior, a 20-year-old roof, and a pool table included with the sale. This amazing property is ideal for renovators, builders, or buyers with vision. This acreage offers strong fundamentals and the freedom to create a home tailored to your needs.Contact your favourite agent for your in person tour. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 1pc Bathroom | 10.67 Ft x 4.92 Ft | |
| Recreational, Games room | 15.08 Ft x 23.25 Ft | |
| Bedroom | 11.33 Ft x 14.67 Ft | |
| Bedroom | 15.17 Ft x 19.92 Ft | |
| Office | 10.25 Ft x 11.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.50 Ft x 5.50 Ft | |
| Laundry room | 10.50 Ft x 6.50 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 10.33 Ft x 7.00 Ft | |
| Bedroom | 11.17 Ft x 11.50 Ft | |
| Bedroom | 12.83 Ft x 11.42 Ft | |
| Primary Bedroom | 19.00 Ft x 11.58 Ft | |
| 4pc Bathroom | 10.33 Ft x 7.50 Ft | |
| Other | 6.75 Ft x 11.58 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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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
-0.91%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,519
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 7, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Rocky View County. 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.