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Reduced $49,900 (10%) from $479,900
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1527 49 Street SE
**Rare Opportunity with Massive Potential in an Unbeatable Location!**Properties like this are becoming increasingly hard to find. Located just steps from Ernie Starr Arena and Bob Bahan Aquatic & Fitness Centre, this property combines an exceptional location, oversized lot, abundant parking, and endless future potential — all at an attractive price point.Situated on a quiet wide street with convenient access to schools, libraries, recreation centres, parks, shopping, transit, and International Avenue SE, this is an incredible opportunity for first-time buyers, renovators, investors, or anyone looking to secure a property with long-term upside.The true showstopper is the **huge south-facing backyard** — a rare feature that provides all-day sunshine and an incredible amount of outdoor space to enjoy, garden, entertain, expand, or simply relax. Opportunities with this kind of yard space are becoming harder and harder to find in Calgary.Adding even more value is the **oversized garage**, rear **RV parking**, and additional front parking pad — perfect for hobbyists, mechanics, extra vehicles, trailers, toys, or future workshop possibilities.Inside, the home offers a fantastic canvas for someone with vision. While dated, it has solid fundamentals and tremendous potential to personalize, renovate, and build equity. The existing **hardwood floors** could be beautifully restored, adding warmth and character throughout the main level.The current layout features an oversized primary bedroom created by combining two bedrooms, but it can easily be converted back to a three-bedroom layout if desired — offering flexibility for growing families or future resale value.Major components such as the **roof, windows, and heating system appear to be in solid condition**, giving buyers added confidence as they plan cosmetic updates over time.The basement previously contained an illegal suite, presenting additional redevelopment or income potential in the future (subject t o city approval and permitting).This is an **estate sale** being sold **“as is, where is,”** and the pricing reflects an outstanding opportunity for buyers who recognize value, space, and future potential when they see it.Whether you are looking for your first home, an investment project, or a property with room to grow, this home offers possibilities that are difficult to replicate at this price point.Opportunities like this do not come along often — especially with this much land, parking, sunlight, and potential in such a convenient location. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.92 Ft x 11.50 Ft | |
| Kitchen | 11.00 Ft x 8.67 Ft | |
| Family room | 11.00 Ft x 25.50 Ft | |
| Office | 10.92 Ft x 8.75 Ft | |
| Laundry room | 11.17 Ft x 10.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Primary Bedroom | 11.00 Ft x 18.33 Ft | |
| Bedroom | 8.50 Ft x 9.75 Ft | |
| Living room | 13.50 Ft x 13.83 Ft | |
| Dining room | 11.42 Ft x 7.25 Ft | |
| Kitchen | 11.42 Ft x 8.67 Ft | |
| Pantry | .92 Ft x 1.58 Ft | |
| Other | 7.75 Ft x 3.25 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).
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 10, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.