$699,999
1816 27 Avenue SW
Beds
3
Baths
2
Sqft
—
Year
1912
Type
Single Family
Suite
Suite potential
Location nearby
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.
About this home
Development-ready opportunity in prime South Calgary, steps from Marda Loop! This exceptional MC-1 zoned lot comes with approved development permits and plans in place for a 3+3 six-plex, offering a rare chance to move forward immediately on a high-demand long-term rental project. Live in one unit and rent the remaining five, or hold as a pure income-generating investment. The property is currently tenant-occupied on a month-to-month lease at $1,800 per month, providing immediate cash flow while you prepare for redevelopment.Situated on a 37.5 ft x 125 ft lot, the property is surrounded by prestigious multi-million-dollar homes and is just a short walk to the vibrant Marda Loop district, known for its boutique shops, cafés, restaurants, fitness studios, and everyday amenities. This highly walkable location further enhances both lifestyle appeal and long-term rental demand.The existing bungalow has been well maintained and remains in excellent condition. Inside, the home features a bright and spacious living and dining area with hardwood flooring, an updated kitchen enhanced by a skylight, and a charming sunroom overlooking the landscaped backyard. The main level offers a generous primary bedroom and a renovated four-piece bathroom. The fully developed basement includes an additional bedroom, family room, three-piece bathroom, and ample storage and workshop space.Recent updates include a newer hot water tank and a serviced furnace, reflecting pride of ownership throughout. With quick access to downtown, transit, parks, schools, and all the amenities of Marda Loop and South Calgary, this property offers a rare combination of immediate rental income, approved development permits, and long-term upside.An outstanding opportunity for developers, investors, or anyone looking to secure a premium inner-city location with exceptional redevelopment potential. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- South Calgary
- Common interest
- Freehold
- Living area
- 630 square feet
- Lot size
- 435 square meters
- Lot dimensions
- 435.00
- Bedrooms
- 1 above grade, 2 below grade
- Parking
- 2 total
- Stories
- 1
- On market
- Jan 15, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $3,791 (2025)
- Zoning
- M-C1
- Photos
- 9
- MLS#
- A2279256
- Area
- CALGARY_SW
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Construction
Flooring
Foundation
Lot
Cash on cash
-6.76%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,330
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.