7 Beds
3 Baths
1,247 SqFt
7 Beds
3 Baths
1,247 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1247.88
Square Footage 1,247 sqft
Price per Sqft $720
Subdivision Banff Trail
MLS Listing ID A2342846
Style Bungalow
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1956
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Detached
Property Description
A rare opportunity in the heart of Banff Trail,this 50' x 120' property combines established rental income with meaningful long-term redevelopment potential in one of Calgary's most connected inner-city locations. The property retained its R-CG land use following the repeal of Calgary's blanket rezoning and sits in a transit-oriented area where significant higher-density redevelopment is already underway. It currently generates $4,275 per month,or $51,300 annually,with the three main-floor bedrooms rented individually at $800,$800 and $675,plus two illegal lower suites rented at $1,000 each,creating immediate holding income while a future plan takes shape.
The location is a major part of the story. University LRT Station is nearby,with the University of Calgary campus just west of the property and SAIT/AUArts,downtown and the rest of the Red Line easily accessible. McMahon Stadium,Foothills Athletic Park and Foothills Aquatic Centre are all close by,along with Foothills Medical Centre and Alberta Children's Hospital. Elementary,junior high and high schools are all located right in the community,while West Confederation/Canmore Park offers pathways,a pump track,splash park and an abundance of green space. The Banff Trail Community Association,local restaurants and coffee shops,North Hill Centre,Brentwood Village and everyday services are also within easy reach.
The 1,248 sq ft main level offers a bright,functional layout with hardwood flooring through much of the living space,a large front living room,separate dining area,practical kitchen,three bedrooms and a full bathroom. The lower level adds approximately 1,109 sq ft and includes two illegal suites,each with kitchen and bathroom facilities,plus common laundry. Outside,the mature lot offers a private backyard,detached double garage,small storage shed and additional rear parking. Across the front of the home,a landscaped green space runs along Creston Crescent,adding a more open outlook,while additional street parking provides everyday convenience.
From an investment perspective,the land is the long-term differentiator. The R-CG designation,TOD context and nearby higher-density redevelopment create a strong foundation for future consideration. There is also potential to explore an assembly with the neighbouring parcel to the south,which could create approximately 100' of frontage,subject to neighbour availability,terms and independent verification. Buyers can hold the property with income in place today while considering future redevelopment,higher density use or an assembly strategy,all subject to City approvals and buyer due diligence. A compelling Banff Trail opportunity where income,location and future land value come together. Welcome Home…or to your next project!
Location
Province AB
County 0046
Community Clubhouse, Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(S), Walking/Bike Paths
Area Cal Zone Cc
Zoning R-CG
Direction NW
Location Details Suite Attached/Within Primary Dwelling
Rooms
Basement Separate/Exterior Entry, Full, Finished
Guest Accommodations Basement
Interior
Interior Features No Animal Home, No Smoking Home, Separate Entrance, Storage
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Hardwood, Tile
Inclusions Hood Fans (2), Refrigerators (3), Fire Pit in Yard
Fireplace No
Appliance Dishwasher, Dryer, Gas Stove, Microwave, Washer, Window Coverings
Laundry In Basement
Exterior
Exterior Feature Fire Pit, Private Yard, Storage
Parking Features Additional Parking, Alley Access, Double Garage Detached, Garage Faces Rear, Parking Pad
Garage Spaces 2.0
Fence Fenced
Community Features Clubhouse, Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Front Porch
Total Parking Spaces 4
Garage Yes
Building
Lot Description Back Lane, Back Yard, City Lot, Front Yard, Rectangular Lot
Dwelling Type House
Faces NE
Story One
Foundation Poured Concrete
Architectural Style Bungalow
Dwelling Type Suite Attached/Within Primary Dwelling
Level or Stories One
New Construction No
Others
Restrictions None Known
Schools and Properties Nearby
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