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71 Evansfield Rise NW
Beds
4
Baths
4 full + 1 half
Sqft
2,266
Year
2014
Type
Single Family
On market
39d
Offset your mortgage by up to $14,400/year. The fully developed LEGAL basement suite at 71 Evansfield Rise NW — with its own kitchen, laundry, bedroom, and separate exterior entrance — is ready for a tenant from day one, making this one of the few true income-generating homes available in Evanston right now. Upstairs, the main home delivers 2,266 sq ft of bright, well-designed living across two storeys. The west-facing backyard backs directly onto green space with no rear neighbours — a rare combination of privacy and natural light that’s genuinely hard to find on a standard Evanston lot. The main floor centres around a chef-inspired kitchen with a gas cooktop, large island, quartz countertops, corner pantry, and ample cabinetry, opening onto a sunny dining area filled with west-facing afternoon light. The spacious living room with a gas fireplace completes the main floor, along with a 2-piece bath. Upstairs offers three well-sized bedrooms, a generous bonus room (24’11” x 17’5”), upper laundry, dedicated workspace, and a primary suite with a 5-piece ensuite — the layout today’s families actually want. The mechanical story is equally strong: new roof and siding (2024), central A/C, two furnaces, R60 attic insulation, water softener, and an oversized heated double garage (19’ x 24’), foam insulation between the main floor and basement. This home has no deferred maintenance — the big-ticket items have already been done.Why this home, at this price:• Legal suite with separate entrance: ~$1,200/month rental income potential• Net carrying cost after rental income is significantly below comparable homes• 2024 roof & siding: no major exterior expenses for years• Central A/C + R60 insulation: lower energy costs year-round• Backs green space: privacy and views without a premium lot price• Original owner, non-smoking, no pets: move-in ready conditionIdeal for the owner-occupant looking to offset their mortgage, a multi-generational family needing independent l iving space, or an investor seeking a turnkey income property in a high-demand NW Calgary community. Walking distance to schools, parks, and amenities. Quick access to Stoney Trail.Book your private showing today — income-producing homes in Evanston at this price point don’t last. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.17 Ft | |
| Bedroom | 14.17 Ft x 11.67 Ft | |
| Kitchen | 10.25 Ft x 7.25 Ft | |
| Laundry room | 7.17 Ft x 8.17 Ft | |
| Recreational, Games room | 21.33 Ft x 15.67 Ft | |
| Furnace | 9.58 Ft x 8.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.75 Ft x 5.17 Ft | |
| Dining room | 12.25 Ft x 13.00 Ft | |
| Foyer | 13.50 Ft x 8.00 Ft | |
| Kitchen | 13.50 Ft x 13.00 Ft | |
| Living room | 21.08 Ft x 12.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.92 Ft | |
| 5pc Bathroom | 9.92 Ft x 9.33 Ft | |
| Bedroom | 9.75 Ft x 14.92 Ft | |
| Bedroom | 9.83 Ft x 11.58 Ft | |
| Bonus Room | 17.42 Ft x 24.92 Ft | |
| Laundry room | 5.67 Ft x 8.00 Ft | |
| Other | 5.58 Ft x 9.25 Ft | |
| Primary Bedroom | 18.00 Ft x 13.00 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
-0.86%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,227
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 26, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.