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2848, 24 Street NW
Welcome to Banff Trail - Your Ideal Development Opportunity, subject to the City of Calgary approval. Nestled in the highly sought-after district of Banff Trail, this property boasts a prime location just blocks from the Confederation Park, William Aberhart High School, École Banff Trail and the University of Calgary. There are plenty of shopping centres nearby and is conveniently situated approximately 6 kilometres from downtown Calgary, where you can enjoy the perfect blend of tranquillity and urban accessibility. Embrace this 50' frontage property with R-CG zoning, offering an ideal canvas for new development projects subject to the City of Calgary approval. A rear detached single garage provides ample storage space, hobbies, or workshop needs. Adjacent to the garage is a triple gravel parking pad, enhancing convenience and functionality for residents and guests alike. This property features an older home with a three-bedroom illegal basement suite. With its solid foundation and existing structure, capitalize on the opportunity to renovate or reimagine the space to suit your preferences and lifestyle. Experience the vibrant community atmosphere of Banff Trail, characterized by its friendly neighbourhoods, nearby schools, and local amenities. Contact your favourite Agent for a viewing today and seize the chance to transform this property into your urban oasis in one of Calgary's most desirable neighbourhoods. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.00 Ft x 17.67 Ft | |
| Kitchen | 8.58 Ft x 11.42 Ft | |
| Pantry | 5.00 Ft x 7.58 Ft | |
| Bedroom | 9.83 Ft x 10.42 Ft | |
| Bedroom | 12.00 Ft x 11.50 Ft | |
| Bedroom | 8.67 Ft x 12.58 Ft | |
| 4pc Bathroom | 5.25 Ft x 8.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.54 Ft x 17.54 Ft | |
| Kitchen | 11.67 Ft x 13.25 Ft | |
| Laundry room | 5.58 Ft x 8.67 Ft | |
| Primary Bedroom | 10.92 Ft x 12.75 Ft | |
| Bedroom | 10.33 Ft x 12.83 Ft | |
| Bedroom | 8.83 Ft x 11.08 Ft | |
| 4pc Bathroom | 6.42 Ft x 6.79 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
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,391
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 Jun 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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