We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
203 42 Avenue SW
RARE INVESTMENT OPPORTUNITY IN PARKHILL! Situated on an oversized 6,800+ sq ft lot in one of Calgary's most sought after inner city communities, this full duplex offers exceptional holding income today with tremendous future upside.Each side features a spacious 3 bedroom upper suite and a 1 bedroom illegal basement suite, creating four income generating units in total. This property has experienced strong tenant demand with minimal vacancy over the years, making it an attractive opportunity for investors seeking reliable cash flow in a premier inner city location.Whether you're looking to renovate, hold as a long-term investment, or redevelop, the possibilities are endless. Located just minutes from downtown, stampede park, and the amenities along Macleod Trail, this property offers unmatched convenience with easy access to transit, shopping, dining, and major commuter routes.Opportunities like this are rare. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.67 Ft x 9.67 Ft | |
| Primary Bedroom | 13.25 Ft x 12.42 Ft | |
| 4pc Bathroom | 7.75 Ft x 9.67 Ft | |
| Kitchen | 13.83 Ft x 9.08 Ft | |
| Dining room | 7.50 Ft x 10.92 Ft | |
| Living room | 14.42 Ft x 17.25 Ft | |
| Bedroom | 10.33 Ft x 9.67 Ft | |
| Bedroom | 9.67 Ft x 10.67 Ft | |
| Bedroom | 9.75 Ft x 10.33 Ft | |
| Primary Bedroom | 12.17 Ft x 13.25 Ft | |
| 4pc Bathroom | 9.67 Ft x 7.50 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 7.75 Ft x 11.00 Ft | |
| 4pc Bathroom | 6.67 Ft x 7.58 Ft | |
| 4pc Bathroom | 6.17 Ft x 7.83 Ft | |
| Bedroom | 12.92 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
-0.77%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,362
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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
260 m away
straight-line
Dahlak al food store
1208 14 Ave SW Suite 101, Calgary, AB T3C 0V9, Canada
3.9★ · 47 reviews
3.2 km away
straight-line
4.3 km away
straight-line
Ishtar Restaurant
4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada
4.5★ · 638 reviews
140 m away
straight-line
1.6 km away
straight-line
Rasa Palladium (Indian & Western) Bar & Restaurant
202 17 Ave SE, Calgary, AB T2G 2J5, Canada
4.8★ · 342 reviews
2.5 km away
straight-line
690 m away
straight-line
1.1 km away
straight-line
3.4 km away
straight-line
Elbow Park School | Calgary Board of Education
721 38 Ave SW, Calgary, AB T2T 2H8, Canada
1.3 km away
straight-line
Earl Grey School | Calgary Board of Education
845 Hillcrest Ave SW, Calgary, AB T2T 0Z1, Canada
2.1 km away
straight-line
Connaught School | Calgary Board of Education
1121 12 Ave SW, Calgary, AB T2R 1P8, Canada
3.3 km away
straight-line
SB 39 Avenue CTrain Station
Calgary, AB T2G 1X5, Canada
2.0★ · 4 reviews
360 m away
straight-line
Chinook LRT Station WB
Calgary, AB T2H 0G6, Canada
3.5★ · 4 reviews
2.0 km away
straight-line
Chinook station
Calgary, AB T2H 0G6, Canada
2.1★ · 14 reviews
2.0 km away
straight-line