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2416 38 Street SW
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Beds
4
Baths
2
Sqft
984
Year
1954
Type
Single Family
On market
6d
Opportunities like this are what continue to draw attention to Glendale. As redevelopment steadily reshapes the neighbourhood, buyers are recognizing the long-term value of securing well-located land in an established inner-city community known for its tree-lined streets, strong sense of community, and ongoing transformation. Situated on a 50 x 100 flat lot with rear alley access, this property offers a clean, functional footprint that’s becoming increasingly difficult to find. Tucked away on a quiet street just off 37th Street, you’ll appreciate the balance of privacy and accessibility, minimal traffic at your doorstep, while still being minutes to major routes, shopping, transit, and a quick commute to the city center. The existing almost 1000 sq/ft bungalow provides immediate flexibility depending on your goals. Investors can generate rental income while planning future improvements. First-time buyers have the opportunity to enter a desirable neighbourhood and gradually renovate or personalize the home over time. For developers, the lot presents a straightforward build opportunity with desirable dimensions and rear lane access, key features that simplify the planning process. Adding to the functionality is a single detached garage, offering practical storage or parking while you consider future plans.Beyond the property itself, the location continues to stand out. Glendale offers access to several nearby schools, parks, and green spaces, making it appealing for families and long-term residents. Whether it’s walking paths, playgrounds, or simply enjoying a more established community setting, this is a neighbourhood that supports both lifestyle and investment. What truly sets this property apart is its versatility. Whether your plan is to build, hold, rent, or renovate, this is a property that supports multiple strategies, all within a community that continues to evolve and gain momentum. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.08 Ft x 9.00 Ft | |
| Family room | 38.33 Ft x 10.83 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.25 Ft x 11.08 Ft | |
| Living room | 12.17 Ft x 12.17 Ft | |
| Dining room | 12.17 Ft x 7.50 Ft | |
| Primary Bedroom | 12.17 Ft x 10.17 Ft | |
| Bedroom | 10.17 Ft x 9.67 Ft | |
| Bedroom | 10.17 Ft x 8.00 Ft | |
| 4pc Bathroom | — |
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
-6.87%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,723
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.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.