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Calgary · Single Family · under $575,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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10619 Elbow Drive SW
Fantastic investment or redevelopment opportunity on an RC-G zoned lot in a highly desirable location! Just steps from transit, schools, shopping, and a large commercial plaza, this well-maintained bungalow offers exceptional value for homeowners, investors, and future developers alike.The main level features 3 generously sized bedrooms, a full 4-piece bathroom, plus a convenient 2-piece Jack-and-Jill bathroom connected to the primary bedroom. A spacious living room and bright kitchen with a generous dining area provide a functional and inviting layout.Recent upgrades include luxury vinyl plank flooring throughout most of the home, beautifully updated bathrooms, a new high-efficiency furnace, and newer appliances including the stove, hood fan, and washer.The fully developed basement offers a massive recreation room, two dens, and a renovated full bathroom. A separate side entrance provides excellent potential for a future secondary suite (subject to City approval and permitting), making this an outstanding opportunity for additional rental income or multi-generational living.With its versatile RC-G zoning, prime location, and excellent future redevelopment potential, this is a property you won't want to miss. Contact your favourite REALTOR® today to book your private showing! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Den | 8.08 Ft x 13.25 Ft | |
| Recreational, Games room | 12.25 Ft x 37.83 Ft | |
| Den | 8.08 Ft x 13.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.08 Ft x 10.58 Ft | |
| Dining room | 8.25 Ft x 10.58 Ft | |
| Living room | 15.92 Ft x 16.25 Ft | |
| Primary Bedroom | 9.83 Ft x 14.08 Ft | |
| Bedroom | 10.83 Ft x 10.50 Ft | |
| Bedroom | 9.25 Ft x 10.50 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| 2pc Bathroom | .00 Ft x .00 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
-1.28%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,268
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jul 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
10.3 km away
12.5 km away
Elementary
11.3 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
12.0 km away
Halal grocery
Amir Halal Meats & Grocery
12.0 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.