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1323 University Drive NW
Beds
3
Baths
2
Sqft
1,150
Year
1963
Type
Single Family
On market
70d
PRICE IMPROVEMENT! Nestled in the highly sought after community of St. Andrews Heights, this charming cottage-inspired retreat offers a rare opportunity to affordably own in one of Calgary’s most prestigious neighbourhoods. This home exudes warmth and character, a bright space with gleaming hardwood floors and a freshly painted interior. The welcoming cottage kitchen had a new stainless steel fridge and an induction style stove plus dishwasher. It is finished with sage green wood cabinetry, bead board, open shelving and eat up island. The upper level offers three bedrooms, including a primary suite with 2-piece ensuite (thoughtfully converted to a stacked laundry), a beautifully updated main bathroom and generous second and third bedrooms. Vinyl windows and plush new carpet add comfort and convenience.The lower level has a bright studio suite with its own private entrance perfect for extended family, art/music retreat, or home office. Outdoors, nature-inspired living continues with a sunny, southwest facing backyard that has been transformed into a magical urban sanctuary: a large deck, a xeriscape “food forest” garden featuring mature sour cherry bushes, haskap berries, raspberries, gooseberries, a sweet ground cover of alpine strawberries, fragrant rose bushes, lilacs and native willows. At the heart of this pollinator friendly garden is a bubbling pond. An unheated greenhouse plus large shed extends your growing season. The front yard, finished in wood chip mulch offers a blank canvas for future landscaping or continued low-maintenance living. The oversized double, drywalled, insulated detached garage offers ample storage and a 220V workspace, with adjacent parking for up to three vehicles. Positioned along University Drive NW, this property benefits from unbeatable access to major routes and is a short walk to key institutions: Foothills Medical Centre, Alberta Children's Hospital and the University of Calgary. A frontage road and landscaped green median creat e a cul-de-sac, ensuring safe separation from the main roadway, while inside the home feels surprisingly quiet and private. This is a rare chance to enjoy nature-inspired living in a premier inner-city location—whether you’re looking to move in, invest, or build for the future. Please note the basement suite photo depicts virtual staging. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7.92 Ft x 11.50 Ft | |
| 3pc Bathroom | 5.00 Ft x 7.08 Ft | |
| Laundry room | 3.25 Ft x 7.00 Ft | |
| Furnace | 3.83 Ft x 8.67 Ft | |
| Storage | 21.42 Ft x 25.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.00 Ft x 4.00 Ft | |
| Living room | 13.50 Ft x 18.00 Ft | |
| Dining room | 9.92 Ft x 12.50 Ft | |
| Dining room | 9.92 Ft x 12.50 Ft | |
| Kitchen | 12.17 Ft x 12.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.17 Ft x 12.50 Ft | |
| Bedroom | 9.33 Ft x 9.50 Ft | |
| Bedroom | 8.00 Ft x 12.92 Ft | |
| Laundry room | 3.92 Ft x 5.00 Ft | |
| 3pc Bathroom | 5.00 Ft x 8.25 Ft | |
| Family room | 12.25 Ft x 17.00 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
-0.98%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,809
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 May 23, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.