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7312 + 7314 36 Avenue NW
WHAT AN OPPORTUNITY! Rarely do properties like this become available in the heart of Bowness—featuring TWO SELF-CONTAINED HOMES ON ONE LOT (50x122ft) plus a detached double garage with 220V wiring.Situated on a quiet, mature tree-lined street, this unique property enjoys an exceptional location near multiple schools, daycares, parks, and everyday amenities. You're within walking distance to Bow River Landing, Superstore, and local shopping, while the University of Calgary, Foothills Hospital, Alberta Children's Hospital, Calgary Farmers' Market West, and downtown Calgary are all just minutes away.The original residence has been extensively renovated over the years and completely reimagined with an open-concept layout featuring one spacious bedroom on the main level and another bedroom downstairs plus an oversized music room that has been fully soundproofed. Upgrades include updated insulation in the walls and ceilings, a newer roof (approximately 3 years old), and a massive south-facing deck complete with a gas line for BBQs and outdoor entertaining.The true standout feature is the fully self-contained second home that was thoughtfully added to the property, creating an ideal setup for multi-generational living, investors, or homeowners seeking an incredible mortgage helper. This bright and modern residence offers 2 large bedrooms, 2 bathrooms, a beautifully updated kitchen, brand new windows, hardwood and tile flooring, knockdown ceilings, dimmable pot lighting throughout, and its own sunny south-facing deck.Whether you're looking for an investment property, a flexible living arrangement for extended family, or a unique opportunity to offset your mortgage with additional income, this property delivers possibilities that are increasingly difficult to find in Calgary's market.Located in one of Calgary's most rapidly evolving communities, Bowness continues to benefit from significant redevelopment, strong land appreciation, and ongoing investment. Surrounde d by newer homes on a wider-than-average street and lane, this is a rare chance to secure a truly distinctive property in a sought-after location. Don't miss your opportunity to own one of Bowness' most unique offerings. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.58 Ft x 18.58 Ft | |
| Bedroom | 10.58 Ft x 10.75 Ft | |
| Laundry room | 5.08 Ft x 8.00 Ft | |
| Furnace | 6.17 Ft x 6.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.33 Ft x 3.92 Ft | |
| Primary Bedroom | 22.75 Ft x 10.00 Ft | |
| 4pc Bathroom | 4.83 Ft x 11.17 Ft | |
| Living room | 11.17 Ft x 18.83 Ft | |
| Eat in kitchen | 13.25 Ft x 11.25 Ft | |
| Other | 3.33 Ft x 2.92 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.33 Ft x 9.00 Ft | |
| Living room | 15.75 Ft x 22.17 Ft | |
| 2pc Bathroom | 9.92 Ft x 5.17 Ft | |
| Eat in kitchen | 16.75 Ft x 10.58 Ft | |
| Other | 4.25 Ft x 3.50 Ft | |
| Bedroom | 14.33 Ft x 14.17 Ft | |
| Laundry room | 6.92 Ft x 8.00 Ft | |
| 4pc Bathroom | 7.67 Ft x 6.58 Ft | |
| Furnace | 6.92 Ft x 3.17 Ft | |
| Primary Bedroom | 14.33 Ft x 15.17 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
-0.94%
Cap rate
4.68%
GRM
13.9
Break-even rent
$4,906
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 Jun 18, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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