We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Reduced $10,000 (2%) from $499,900
Swipe through similar matches — tap the heart to save, or open one for the full read.
840 Raynard Crescent SE
Beds
3
Baths
1
Sqft
1,050
Year
1965
Type
Single Family
On market
38d
Discover an incredible opportunity with this updated bungalow, perfectly situated on a 50 ft lot in a sought-after inner city location. Offering 1,050 SF of above-grade living, this home backs onto three schools and sits just minutes from restaurants, shopping, the LRT, and Inglewood Golf Course—making it a prime spot for both homeowners and investors alike. Inside, you’ll love the charm of original hardwood floors, paired with an updated kitchen featuring timeless white ceiling-height cabinetry, butcher block counters, under-cabinet lighting, and stainless steel appliances. Three spacious bedrooms and a designer bathroom with expansive tile work complete the main level. The separate entrance to the untouched basement presents an incredible opportunity—suite potential (subject to City approvals), rental income, or simply a fully customized extension of your living space. Additional updates include windows, lighting, casings, and convenient front-drive access for off-street parking. Step outside to the oversized backyard oasis with mature trees providing privacy and endless room to add a garage, garden, or entertain. Whether you’re looking for a move-in ready home, a future revenue property, or a smart long-term investment, this bungalow delivers on all fronts. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.92 Ft x 16.92 Ft | |
| Dining room | 8.00 Ft x 8.00 Ft | |
| Kitchen | 8.92 Ft x 10.92 Ft | |
| Primary Bedroom | 10.92 Ft x 13.67 Ft | |
| Bedroom | 8.50 Ft x 11.92 Ft | |
| Bedroom | 8.92 Ft x 9.67 Ft | |
| Other | 4.00 Ft x 6.00 Ft | |
| 4pc Bathroom | .00 Ft x .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
-1.23%
Cap rate
4.62%
GRM
13.8
Break-even rent
$3,055
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 9, 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.