Homes with a walkout basement gives buyers many advantages that elevate the overall look, feel and functionality of their home. A unique indoor/ outdoor space, a walkout basement lets you use the basement level of your home as a true living space extension rather than just a dark and scary storage area for old sports equipment and boxes.
Enjoy More Living Space, Increase the Value of Your Home, Get More Natural Light.
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40 Millrise Drive
Millrise
Calgary
T2Y 2C6
$599,900
Residential
beds: 5
baths: 3.0
1,566 sq. ft.
built: 1988
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2223510
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year Built:
- 1988
- Photos (42)
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Welcome to this distinctive and beautifully maintained reverse WALKOUT bungalow, offering over 2,500 sq ft of fully developed living space and exceptional potential for both comfortable family living and income-generating investment!
Let’s begin the tour...
The front door opens to the walkout ground level, where you'll find a warm and inviting family room featuring a stylish tile-faced fireplace—perfect for cozy evenings. This level also includes two generously sized bedrooms, a full four-piece bathroom with a convenient laundry area, and an oversized double garage with direct access to the mechanical room. Yes, that’s right—the extra-large garage is cleverly integrated into the basement, maximizing space and functionality.
Ascending from the grand, light-filled foyer, you’ll arrive at the main level—an expansive and thoughtfully designed space of over 1,500 square feet. The sun-drenched, south-facing living room boasts soaring vaulted ceilings and extra windows/doors that flood the area with natural light. Step directly onto the spacious deck, ideal for morning coffee, evening gatherings, or simply enjoying the fresh air.
Adjacent to the living room, the enclosed kitchen is a true culinary haven, outfitted with rich cherry wood cabinetry, ample counter space, and abundant storage—perfect for everyday family meals or effortless entertaining. The formal dining room is conveniently located next to the kitchen, while the breakfast nook sits by the kitchen island and the balcony door, offering a bright and inviting space to start the day.
The luxurious primary bedroom, adorned with two charming windows, is a true retreat, featuring a private four-piece ensuite with dedicated space for a relaxing jacuzzi and dual his-and-her closets. Two additional well-appointed bedrooms and another full bathroom complete this level. Gleaming hardwood flooring flows throughout the main floor and up the elegant staircase, adding warmth and sophistication to the home.
For investors or multigenerational families, this property presents a prime opportunity to create two fully independent suites. A separate entrance between the staircases allows for easy division of the upper and lower levels. The main floor offers a convenient location for a second laundry setup in the hallway closet, while the lower-level family room—positioned next to the mechanical room—provides an ideal spot for a second kitchen with minimal renovation required. Notably, all Pol-B plumbing throughout the home has been replaced.
Whether you plan to live on one level and rent the other, or maximize rental income from both, this versatile layout offers flexibility, function, and value.
Perfectly located near a C-Train station, a bustling shopping plaza, and a wide range of amenities, this spacious home combines convenience with comfort. Quick possession. Don’t miss your chance to own this rare and adaptable gem!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- No
- Home Style:
- 1 and Half Storey
- Total Living Area:
- 1,565.54 sq. ft.145 m2
- Main Level Finished Area:
- 1,565.54 sq. ft.145 m2
- Below Grade Finished Area:
- 1,072.79 sq. ft.99.7 m2
- Lot Area:
- 4,784 sq. ft.444 m2
- Lot Frontage:
- 43'6⅛"13.3 m
- Front Exposure:
- Southeast
- Floor Location:
- Other
- Levels:
- One
- Total Rooms Above Grade:
- 6
- Year built:
- 1988 (Age: 37)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 3.0 (Full:3, Half:0)
- Plan:
- 8110429
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, See Remarks, Walk-Out To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Stucco, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Hardwood
- Cooling:
- None
- Fireplaces:
- 1
- Fireplace Details:
- Basement, Family Room, Gas Log, Mantle, Tile
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached, Front Drive, Insulated
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Bathroom, Lower Level, See Remarks
- Millrise
- Dishwasher, Dryer, Gas Stove, Range Hood, Refrigerator, Washer, Window Coverings
- n/a
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Living Room
- 24'4"7.42 m × 15'10"4.83 m
- Main Floor
- Kitchen
- 15'5"4.70 m × 10'3.05 m
- Main Floor
- Dining Room
- 10'3"3.12 m × 9'8"2.95 m
- Main Floor
- Bedroom - Primary
- 19'6"5.94 m × 15'4"4.67 m
- Main Floor
- Bedroom
- 12'3.66 m × 10'5"3.18 m
- Main Floor
- Bedroom
- 13'3"4.04 m × 10'6"3.20 m
- Main Floor
- Breakfast Nook
- 9'11"3.02 m × 8'11"2.72 m
- Lower Level
- Family Room
- 20'8"6.30 m × 15'8"4.78 m
- Lower Level
- Bedroom
- 12'3.66 m × 10'3"3.12 m
- Lower Level
- Bedroom
- 14'6"4.42 m × 8'2.44 m
- Lower Level
- Foyer
- 11'10"3.61 m × 7'7"2.31 m
- Lower Level
- Furnace/Utility Room
- 10'2"3.10 m × 6'11"2.11 m
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- Yes
- 4
- 8' x 11'
- Main Floor
- No
- 4
- 8' x 8'
- Lower Level
- No
- 3
- 6'9" x 9'9"
- Title to Land:
- Fee Simple
- Community Features:
- Other
- Interior Features:
- Separate Entrance
- Exterior Features:
- Balcony
- Patio And Porch Features:
- Patio
- Lot Features:
- Back Lane, Rectangular Lot
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone S
- Zoning:
- R-CG
- Listed Date:
- May 22, 2025
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Main Level
-
Walkout Basement( Lower Level)
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Listed by CIR Realty
Data was last updated May 23, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 24
- Avg list price:
- $477,500
- Min list price:
- $255,000
- Max list price:
- $849,000
- Avg days on market:
- 23
- Min days on market:
- 1
- Max days on market:
- 114
- Avg price per sq.ft.:
- $389.99
These statistics are generated based on the current listing's property type
and located in
Millrise. Average values are
derived using median calculations.
- Robert Hinsperger
- Urban Real Estate Services Ltd.
- 1 (403) 860-2107
- roberthinsperger@gmail.com
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.