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1903 48 Avenue SW
Beds
5
Baths
5 full + 1 half
Sqft
3,640
Year
2008
Type
Single Family
On market
40d
Set discreetly on a private corner lot, this exceptional custom build by Mission Homes is a study in timeless design, refined craftsmanship, and elevated living. From the moment you arrive, the home makes an impression with its grand entry, elegant main-floor office, and luminous living spaces that frame the sunny south backyard. The kitchen, with its inviting breakfast nook, anchors the home beautifully, while the formal dining room and spacious mudroom add both sophistication and function to the main level.Upstairs, four generously proportioned bedrooms each feature their own ensuite, complemented by a Jack and Jill bath. The primary suite is especially luxurious, offering a Juliet balcony, an expansive his-and-hers closet, and a spa-inspired ensuite that opens to a private south-facing balcony — a serene retreat within the home.The lower level is equally impressive, designed for both entertaining and everyday comfort, with a large recreation room, bar area, two additional bedrooms, full bathroom, laundry room, dedicated play area, and abundant storage. Outdoors, the beautifully appointed stone patio, firepit area, and covered dining space create an intimate backdrop for memorable evenings and effortless entertaining.Less than one block away is a fabulous children’s park with playground and Green space in the summer and a skating rink in the winter. Ideally located just steps from Glenmore Athletic Park and within walking distance to Sandy Beach, River Park, transit, bike paths, top schools, and the University of Mount Royal, this is a rare offering in a truly exceptional location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 10.25 Ft x 11.75 Ft | |
| Other | 9.08 Ft x 9.42 Ft | |
| Bedroom | 13.00 Ft x 12.42 Ft | |
| Bonus Room | 11.00 Ft x 12.67 Ft | |
| Den | 9.42 Ft x 12.75 Ft | |
| Exercise room | 10.17 Ft x 15.08 Ft | |
| Laundry room | 8.00 Ft x 7.75 Ft | |
| Recreational, Games room | 15.25 Ft x 17.67 Ft | |
| Storage | 8.00 Ft x 7.58 Ft | |
| Furnace | 17.83 Ft x 13.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.67 Ft x 7.42 Ft | |
| Breakfast | 9.17 Ft x 14.92 Ft | |
| Dining room | 20.58 Ft x 12.75 Ft | |
| Foyer | 10.00 Ft x 9.00 Ft | |
| Kitchen | 17.83 Ft x 14.92 Ft | |
| Living room | 17.00 Ft x 15.67 Ft | |
| Other | 16.92 Ft x 7.25 Ft | |
| Office | 12.83 Ft x 12.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.75 Ft x 7.58 Ft | |
| 5pc Bathroom | 10.42 Ft x 8.75 Ft | |
| 5pc Bathroom | 11.67 Ft x 14.00 Ft | |
| Bedroom | 13.25 Ft x 13.25 Ft | |
| Bedroom | 15.33 Ft x 12.75 Ft | |
| Bedroom | 19.42 Ft x 12.75 Ft | |
| Primary Bedroom | 25.33 Ft x 20.25 Ft | |
| Other | 16.25 Ft x 9.75 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
-0.55%
Cap rate
4.76%
GRM
13.9
Break-even rent
$16,763
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 29, 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.