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7224 Farrell Road SE
Beds
4
Baths
2
Sqft
1,063
Year
1959
Type
Single Family
On market
20d
Discover this beautifully renovated bungalow located on a quiet, tree-lined street in the highly desirable community of Fairview. Blending timeless mid-century character with modern updates, this exceptional home offers style, comfort, and an unbeatable central Calgary location. Step inside to find hardwood flooring, abundant natural light, and a tastefully updated kitchen featuring granite countertops, espresso-stained cabinetry, stainless steel appliances, a tiled backsplash, and direct access to the backyard deck. The main floor offers three spacious bedrooms and a well-appointed four-piece bathroom. A separate side entrance provides access to the fully developed basement, offering excellent potential for a future secondary suite (subject to approval and permitting by the city/municipality). The lower level includes a large recreation room, a full bathroom, a fourth bedroom, and a dedicated laundry and storage area. The private backyard is a true retreat, complete with a large deck that was freshly painted just days ago, beautifully landscaped green space, fruit-bearing trees, and a newly built stone retaining wall and fence. The oversized heated double detached garage/shop provides ample room for vehicles, tools, and hobbies. This meticulously maintained home has seen numerous updates, including a basement renovation, garage improvements, trim and baseboards, newer dishwasher and refrigerator, and more. Major upgrades include brand new interior paint and a freshly painted deck completed just days ago, furnace (2022), central air conditioning (2022), new shingles (2017), and hot water tank (2014). Ideally situated just steps from top-rated schools, playgrounds, parks, the community centre, off-leash dog park, CTrain station, Calgary Farmers' Market, and a wide variety of shopping and dining options, this outstanding property offers a rare opportunity to enjoy both charm and convenience in one of Calgary’s most established communities. Book your private showing to day and make this exceptional Fairview home yours! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.33 Ft x 7.92 Ft | |
| Bedroom | 10.25 Ft x 12.92 Ft | |
| Recreational, Games room | 38.17 Ft x 16.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.58 Ft | |
| Bedroom | 8.58 Ft x 12.58 Ft | |
| Bedroom | 10.92 Ft x 8.58 Ft | |
| Dining room | 9.50 Ft x 12.00 Ft | |
| Kitchen | 9.08 Ft x 8.58 Ft | |
| Living room | 18.92 Ft x 13.67 Ft | |
| Primary Bedroom | 10.92 Ft x 11.33 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
-1.09%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,566
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.
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.