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98 Red Sky Green NE
Beds
7
Baths
5
Sqft
2,474
Year
2017
Type
Single Family
On market
5d
LEGAL BASEMENT SUITE | HIGHLY UPGRADED | GREEN SPACE | SOUTH FACING BACKYARD | Welcome to this exceptional family home backing directly onto green space in the sought-after community of Redstone. Offering over 3,100 sq. ft. of developed living space, this meticulously maintained residence features 7 bedrooms, 5 full bathrooms, and a fully developed legal basement suite, making it an outstanding opportunity for families, multi-generational living, or savvy investors seeking additional rental income. Designed for both comfort and functionality, the main floor showcases a bright open-concept layout highlighted by a spacious living room with an upgraded tile-surround fireplace, a generous dining area, and a stunning kitchen featuring upgraded Whirlpool appliances, an upgraded backsplash, extensive cabinetry, and a large walk-through pantry. A rare main-floor bedroom and full bathroom provide the perfect setup for guests, multi-generational living, or a private home office. Built-in speakers, pot lights, a central vacuum system, smart-home technology, and a professionally installed security system with cameras further enhance the home's modern appeal. The upper level offers four spacious bedrooms, including an impressive primary retreat complete with a luxurious ensuite featuring a relaxing jacuzzi tub and walk-in closet. A second bedroom also enjoys its own private ensuite, while two additional bedrooms are serviced by another full bathroom. A large central bonus room provides the perfect space for family gatherings, movie nights, or a children's play area, while upper-floor laundry adds everyday convenience. The fully developed legal basement suite adds exceptional value and versatility, featuring a private separate entrance, separate laundry, two spacious bedrooms, a full bathroom, a full kitchen, and a comfortable living area. Whether you're looking to offset your mortgage with rental income, accommodate extended family, or invest in a property with strong cash-flow potential, this legal suite offers endless possibilities. The home is further enhanced by two furnaces, providing independent comfort and efficiency for both living spaces. Outside, enjoy a fully landscaped yard backing onto beautiful green space with no direct rear neighbours. The BBQ gas line makes outdoor entertaining effortless, while the peaceful setting provides added privacy and open views rarely found in the city. Located in one of Northeast Calgary's fastest-growing communities, Redstone offers residents easy access to parks, playgrounds, walking pathways, schools, shopping, restaurants, grocery stores, medical services, public transit, and major roadways including Stoney Trail, Deerfoot Trail, and Metis Trail. Calgary International Airport and CrossIron Mills Shopping Centre are both just minutes away, making this an ideal location for families. Perfectly suited for growing families, multi-generational living, or investors alike, this home offers unmatched versatility and long-term value. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.08 Ft x 10.75 Ft | |
| Recreational, Games room | 12.08 Ft x 12.58 Ft | |
| Bedroom | 12.58 Ft x 9.25 Ft | |
| Kitchen | 13.25 Ft x 14.17 Ft | |
| 3pc Bathroom | 5.75 Ft x 8.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.00 Ft x 14.92 Ft | |
| Dining room | 12.00 Ft x 9.58 Ft | |
| Kitchen | 16.50 Ft x 14.75 Ft | |
| Bedroom | 9.50 Ft x 9.25 Ft | |
| 3pc Bathroom | 4.92 Ft x 9.25 Ft | |
| Pantry | 6.00 Ft x 9.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.92 Ft x 14.92 Ft | |
| 5pc Bathroom | 12.33 Ft x 9.58 Ft | |
| Family room | 13.42 Ft x 13.92 Ft | |
| Bedroom | 10.08 Ft x 10.58 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.58 Ft | |
| Laundry room | 9.33 Ft x 7.58 Ft | |
| Bedroom | 9.92 Ft x 10.58 Ft | |
| Bedroom | 17.00 Ft x 13.58 Ft | |
| 3pc Bathroom | 10.08 Ft x 4.92 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
-0.91%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,518
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 8, 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.