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8580 23 Avenue SE
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Beds
5
Baths
2
Sqft
1,452
Year
1997
Type
Single Family
On market
316d
Acreage living within the city! Welcome to this beautifully maintained 1452 sq ft bungalow situated on a peaceful 2-acre parcel located within Calgary city limits. Imagine living close proximity to East Hills Shopping Centre, having access to Walmart, Costco and many other retail stores. This rare find offers the perfect blend of country charm and urban convenience. The home features a functional and family-friendly layout with 5 bedrooms (3 up, 2 down), a spacious living room, a formal dining area, and a bright U-shaped eat-in kitchen. The partially developed basement features a large family/rec room, two additional bedrooms, and a roughed-in bathroom ready for your finishing touches. Step outside to enjoy the expansive yard from your oversized deck, and take full advantage of the oversized, insulated double garage with abundant paved parking for vehicles, RVs, and trailers. A dedicated RV dump station on the property adds even more practicality for those with recreational vehicles. Recent improvements include new siding, a well pump, pressure tank, septic tank (pumped in July 2025), hot water tank, furnace, sump pump, skylight, drainage system, new toilets, and the complete replacement of Poly-B plumbing. Thoughtfully maintained and updated, this home is move-in ready and ideal for anyone seeking space, privacy, and proximity. Don’t miss your chance to own a slice of country-style living, now inside the city! Land Use is S-FUD plenty of Option here for future Urban development. This could be a Great investment property to buy and Hold (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.75 Ft x 12.33 Ft | |
| Recreational, Games room | 14.92 Ft x 31.92 Ft | |
| Bedroom | 13.75 Ft x 10.17 Ft | |
| Roughed-In Bathroom | 9.00 Ft x 6.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.75 Ft x 6.08 Ft | |
| 4pc Bathroom | 8.42 Ft x 5.08 Ft | |
| Bedroom | 10.08 Ft x 10.92 Ft | |
| Bedroom | 12.92 Ft x 10.92 Ft | |
| Breakfast | 7.92 Ft x 13.25 Ft | |
| Dining room | 9.17 Ft x 12.83 Ft | |
| Kitchen | 9.58 Ft x 12.75 Ft | |
| Laundry room | 7.17 Ft x 6.58 Ft | |
| Living room | 16.92 Ft x 20.17 Ft | |
| Primary Bedroom | 15.67 Ft x 14.33 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
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,817
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 25, 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.