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71 Saddlemont Road NE
Beds
5
Baths
2
Sqft
910
Year
2004
Type
Single Family
On market
30d
FULLY RENOVATED | BRAND NEW LEGAL BASEMENT SUITE | WALKOUT BASEMENT | 5 BEDROOMS | 2 FULL BATHROOMS | QUARTZ & GRANITE COUNTERTOPS | STAINLESS STEEL APPLIANCES | LUXURY VINYL PLANK FLOORING | REAR DECK | STORAGE SHED | WALKING DISTANCE TO LRT | INVESTMENT POTENTIAL71 Saddlemont Road NE offers a rare opportunity to own a fully updated home with a brand new legal basement suite in the heart of Saddle Ridge. With nearly 1,700 sq. ft. of total living space, this move-in ready property is ideal for families, investors, or buyers looking for mortgage-helping rental income.The main level features 3 spacious bedrooms, 1 full bathroom, modern finishes, luxury vinyl plank flooring, stainless steel appliances, and elegant granite countertops. Major exterior upgrades including a brand new roof and new siding provide excellent curb appeal and long-term value.Downstairs, you’ll find a never-lived-in legal basement suite complete with 2 bedrooms, 1 full bathroom finished with porcelain tile, quartz countertops, separate living space, and a walkout entrance leading directly onto the rear deck — perfect for extended family or rental potential.The backyard also includes a storage shed for added convenience and extra storage space.Located in a highly desirable and family-friendly community, this property is within walking distance to schools, parks, shopping, and Saddletowne Station, offering quick access to the CTrain Blue Line and easy commuting throughout the city.Whether you’re looking for a turnkey family home or an income-generating property, this beautifully renovated home checks all the boxes. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 7.58 Ft | |
| Bedroom | 10.92 Ft x 11.50 Ft | |
| Bedroom | 12.33 Ft x 6.58 Ft | |
| Kitchen | 10.25 Ft x 10.92 Ft | |
| Living room/Dining room | 16.92 Ft x 11.08 Ft | |
| Furnace | 8.67 Ft x 7.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 8.42 Ft | |
| Bedroom | 11.17 Ft x 8.42 Ft | |
| Bedroom | 10.00 Ft x 8.67 Ft | |
| Dining room | 12.92 Ft x 12.08 Ft | |
| Kitchen | 11.17 Ft x 12.00 Ft | |
| Living room | 14.92 Ft x 11.25 Ft | |
| Primary Bedroom | 11.92 Ft x 10.92 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
-1.13%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,538
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 10, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.