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HOMESTEAD

297 Homestead Terrace Ne, Calgary, AB

$1,029,900

Residential · MLS® A2300633
7Bedrooms
5Bathrooms
2,659Sq Ft
2Garage
2024Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to 297 Homestead Terrace NE, a professionally designed corner lot showhome offering 2,659 sq. ft. of above-grade living space plus a fully developed 2-bedroom legal basement suite. With 7 bedrooms and 5 bathrooms, this home provides exceptional space, flexibility, and investment potential for large or multi-generational families.

This property features a leaseback opportunity, allowing the builder to lease the home from the purchaser for approximately two years at 7.5% of the purchase price, providing reliable rental income while the builder...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area2,659 sq ft
Lot Size4,725 sq ft
ZoningR-G
HeatingForced Air
CoolingPartial
ParkingDouble Garage Attached
ExteriorBuilt-in Barbecue
BasementFull
Year Built2024
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,438After mortgage & expenses
Cap Rate2.8%Based on market rents
Cash on Cash Return-8.4%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

HOMESTEAD

Moderate Investment
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Investment Score72/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Erin Reeves · eXp Realty