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Calgary · Single Family · under $1,000,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2119 22 Avenue SW
Welcome to this exceptional opportunity in the highly sought-after community of Richmond! Situated on a spacious 50' x 110' lot with a sunny south-facing backyard on a quiet, tree-lined street, this beautifully fully renovated bungalow offers outstanding versatility for homeowners, investors, and developers alike. Whether you're searching for a move-in-ready home, a revenue-generating property with a legal basement suite, or a prime redevelopment opportunity, this property delivers on every level. The home has been extensively renovated with modern finishes and thoughtful updates throughout, creating a stylish and functional living space. The bright and inviting main floor features an open-concept layout designed to maximize both natural light and everyday comfort. The spacious living room flows seamlessly into the dining area. The beautifully appointed kitchen has been completely updated with sleek cabinetry offering abundant storage, stainless steel appliances, contemporary finishes, and clean modern lines. The main level is complete with two generously sized bedrooms, both featuring custom built-in storage solutions, along with a beautifully renovated 4-piece bathroom. Recessed lighting, updated millwork, and quality craftsmanship are present throughout. Adding tremendous value is the fully self-contained legal basement suite, making this an ideal mortgage helper or investment property. The lower suite features its own private entrance, spacious living room, full kitchen, large bedroom, 4-piece bathroom, and separate laundry facilities, providing complete independence for tenants or extended family. The main floor also benefits from its own dedicated laundry and an additional oversized storage room, offering convenience for both living spaces. The property has excellent income potential with approx $2,500 per month for the upper suite and $1,500 for the legal basement suite. Outside, the fully fenced south-facing backyard is a private retreat featuring garden bed s, patio space, and plenty of sunshine throughout the day. The detached single garage is complemented by an extended driveway, providing ample off-street parking for multiple vehicles. Numerous recent upgrades provide peace of mind, including a newer roof, windows, hot water tank, and a brand-new furnace. For builders and developers, this property presents an outstanding redevelopment opportunity. The elevated lot offers the potential for impressive downtown city views from future second-storey construction. Currently zoned to accommodate a single-family home or duplex, the lot offers exceptional long-term potential in one of Calgary's most established inner-city neighbourhoods. The location simply cannot be beat. It is just minutes from downtown Calgary, the vibrant shops, restaurants, and nightlife of 17th Ave, Mount Royal, U of C, Foothills Medical Centre, public transit, parks, and schools. Whether you're looking to live, invest, or build, this is a rare opportunity to secure a premium property! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 8.00 Ft | |
| Dining room | 6.58 Ft x 13.58 Ft | |
| Kitchen | 13.92 Ft x 13.67 Ft | |
| Living room | 12.92 Ft x 13.50 Ft | |
| Bedroom | 12.08 Ft x 11.08 Ft | |
| Primary Bedroom | 12.00 Ft x 15.75 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.33 Ft x 12.92 Ft | |
| Bedroom | 10.75 Ft x 12.67 Ft | |
| Kitchen | 13.67 Ft x 12.58 Ft | |
| Living room | 14.58 Ft x 12.50 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
-0.88%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,616
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.
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 Jul 10, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
3.3 km away
9.3 km away
10.4 km away
12.7 km away
12.8 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
8.9 km away
8.9 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
10.2 km away
Halal grocery
Amir Halal Meats & Grocery
9.0 km away
Shaheen Grocery, Bakery & Halal Meat
13.2 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.