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23 31 Avenue SW
Beds
4
Baths
3 full + 1 half
Sqft
1,294
Year
2022
Type
Single Family
On market
7d
Nestled in the heart of Erlton, one of Calgary’s most sought-after inner-city communities, this architecturally designed bungalow with a legal lower suite offers a rare blend of contemporary design, refined finishes, and exceptional urban convenience. Just steps from Mission, downtown, the C-Train, and the Elbow River pathways, this property delivers over 2,580 sq. ft. of developed living space across two beautifully finished self-contained suites. Designed with modern living in mind, the home features clean architectural lines, high ceilings, triple-glazed windows, and an abundance of natural light throughout. Upscale finishes and thoughtful design details extend seamlessly through both levels, including quartz countertops, high-end appliances, heated tile flooring, walk-in closets, built-in organizers, dedicated laundry areas, water softener, and hot water on demand. The upper suite welcomes you with a versatile front den and a spacious home office or guest bedroom featuring striking glass panels and doors, ideal for working from home or accommodating guests. The open-concept kitchen, dining, and living area forms the heart of the home, highlighted by a chef-inspired kitchen with premium appliances, a large pantry, and expansive quartz countertops. The primary bedroom offers a walk-in closet with convenient laundry access and a beautifully appointed 3-piece ensuite with heated tile flooring and an oversized shower. A 2-piece powder room and private south-facing covered balcony complete the main level. The fully self-contained legal lower suite features its own private covered patio and a bright open-concept layout. The kitchen is finished with a large peninsula, quartz countertops, high-end appliances, and an adjoining dining area that flows seamlessly into the living room. This level also includes two large bedrooms, a flex room, dedicated laundry, and a 3-piece bathroom with heated tile flooring. Outside, enjoy the blooming front garden, sunny backyard, oversize d double detached garage with 200-amp service, plus an additional gravel parking pad beside the garage ideal for extra vehicles, guests, or recreational parking. Ideally located near the MNP Sport & Community Centre, Stampede Park, the upcoming event centre, Roxboro Dog Park, tennis courts, outdoor skating, 4th Street restaurants and boutiques, and downtown Calgary, this exceptional property combines contemporary design, income potential, and a truly walkable inner-city lifestyle. Whether you are seeking a stylish inner-city home, multi-generational living, or a thoughtfully designed property with legal suite income potential, this rare Erlton bungalow delivers on every level. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 9.42 Ft x 5.00 Ft | |
| Other | 8.00 Ft x 6.17 Ft | |
| Living room | 14.50 Ft x 14.00 Ft | |
| Dining room | 11.00 Ft x 10.25 Ft | |
| Kitchen | 11.75 Ft x 11.00 Ft | |
| Bedroom | 11.00 Ft x 10.00 Ft | |
| Primary Bedroom | 12.50 Ft x 12.50 Ft | |
| Laundry room | 10.50 Ft x 6.58 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Other | 8.67 Ft x 5.58 Ft | |
| Living room | 18.00 Ft x 13.83 Ft | |
| Dining room | 7.42 Ft x 7.17 Ft | |
| Kitchen | 10.42 Ft x 9.50 Ft | |
| Other | 14.00 Ft x 8.33 Ft | |
| Primary Bedroom | 12.67 Ft x 11.58 Ft | |
| Bedroom | 10.50 Ft x 9.33 Ft | |
| Laundry room | 3.25 Ft x 3.08 Ft | |
| 2pc Bathroom | 5.25 Ft x 4.83 Ft | |
| 3pc Bathroom | 8.83 Ft x 8.17 Ft | |
| 3pc Bathroom | 9.75 Ft x 5.00 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
-0.81%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,756
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 Jun 9, 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.