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Reduced $30,000 (3%) from $925,000
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2428 3 Avenue NW
Beds
4
Baths
2
Sqft
851
Year
1950
Type
Single Family
On market
70d
BRAND NEW PRICE !! Check out this solidly built bungalow with a stucco exterior sitting on a huge 50 x 130 foot deep lot zoned R-CG and sitting at the end of a quiet cul de sac, great location in West Hillhurst. A lot of redevelopment is happening on this block and in the area in general. This is a very solid raised bungalow with a large living and kitchen area plus two generous bedrooms up, large family room and two more good sized bedrooms in the lower level and a large laundry / furnace room. So in total there is 4 bedrooms, two baths and a separate entry from the back in case you may want to set up a separate legal suite down. Because it is a raised bungalow the windows in the lower level are all quite large and bring in lots of light and in fact all the windows in this home are very good sizes, makes for a nice bright home. Whatever you may want to do with this home there are a lot of possibilities, renovate, add on, go up, tear down and create a brand new development the possibilities are endless. This home is situated close to so many amenities, transit, parks, schools, the river and it's bike paths and a easy commute to downtown, Sait, University of Calgary, foothills hospital, etc. Land is becoming scarce in the inner city, it is a good time to jump into the market. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.08 Ft x 10.67 Ft | |
| Bedroom | 10.92 Ft x 13.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.83 Ft | |
| Family room | 10.92 Ft x 17.42 Ft | |
| Laundry room | 11.50 Ft x 13.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.67 Ft x 14.25 Ft | |
| Other | 12.25 Ft x 13.25 Ft | |
| Primary Bedroom | 10.25 Ft x 12.75 Ft | |
| Bedroom | 8.83 Ft x 12.25 Ft | |
| Other | 4.00 Ft x 7.08 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.33 Ft | |
| Foyer | 4.00 Ft x 5.25 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
$5,512
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.