Cornerstone Community Profile
Cornerstone is one of northeast Calgary’s fastest-growing communities, situated in Ward 5. Development began around 2016-2017 by Brookfield Residential, and the community has grown rapidly from approximately 1,285 dwellings in 2019 to an estimated 5,000-6,000 homes today.
Cornerstone leads all Calgary communities in secondary suite activity, with over 1,108 registered suites according to City of Calgary open data. The community attracts diverse, multicultural families drawn by affordable pricing and proximity to Stoney Trail and the airport corridor. Based on current MLS activity, detached homes typically range from $420K to $580K, making the area a strong candidate for legal suite development that can generate $1,200-$1,800 per month in rental income.
Why Cornerstone Homeowners Choose OAF
Cornerstone is one of Calgary’s most dynamic neighbourhoods for basement development. With homes built in 2018, the typical Cornerstone property has an average of 1,100-1,350 sq ft of unfinished basement space-perfect for lifestyle renovations, legal suites, or recreational spaces.
- Matched expectations: Cornerstone’s mix of brand new (2016+) means we’ve worked with similar home layouts and can set accurate timelines and budgets.
- Fixed-Price agreements: No surprises. We walk your space, set clear expectations, and deliver.
- Community relationships: We work with trusted trades in Cornerstone and surrounding areas.
Services Available in Cornerstone
Lifestyle Basement Development
Create the recreation space you’ve always wanted-home theatre, fitness area, wet bar, or family lounge. Typical cost: $48,000-$83,000.
Legal Secondary Suite
Earn rental income while adding value. Cornerstone zoning permits secondary suites. We handle everything from design to permitting.
Garage Development
Whether new construction or renovation, we build garages that last. Protect your vehicles and add value to your home.
Cornerstone: Neighbourhood Considerations
Cornerstone basements sit on clay, well-drained. This soil type generally excavates cleanly and compacts well, but site-specific surveys are always recommended to identify rock, water tables, or utilities.
Common Challenges
New area; some utility expansion ongoing
Contact OAF early in your ownership or before purchasing. We can assess your property, set budgets, and coordinate with City of Calgary before permitting begins.
Basement development costs vary based on scope. Here’s what to expect in Cornerstone:
Contact us for a free in-home consultation in Cornerstone.