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2531 17a Street NW
Beds
3
Baths
2
Sqft
952
Year
1952
Type
Single Family
On market
46d
CORNER LOT | DP APPROVED FOR 6 UNITS | LOCATED IN THE HEART OF CALGARY | DOUBLE DETACHED GARAGE | ILLEGAL BASEMENT SUITE | 3 BED UP + 2 BED DOWN | WEST BACKYARD | Situated on a large corner lot, this property offers exceptional redevelopment potential in the highly sought-after community of Capitol Hill—right in the heart of the city. Zoned R-CG and DP-APPROVED, this lot opens the door to a TRIPLEX with 3 LEGAL SUITES (a total of 6 spacious units). The DP is approved for approximately 1400 sf AG units plus legal basement suites. The prominent corner positioning enhances design flexibility, accessibility, and overall project appeal—an ideal setup for builders and developers looking to maximize value. The existing home features an illegal basement suite and is combined with a highly desirable west-facing backyard which makes this property especially attractive. Capitol Hill is known its demand for rental and for its proximity to downtown Calgary, SAIT, the University of Calgary, transit, parks, and major amenities, making it a consistently desirable area for all. Opportunities like this—large corner lot, flexible zoning, and prime inner-city location—are rare. Whether you’re looking to build, hold, or generate income, this property checks all the boxes. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Kitchen | 12.17 Ft x 12.50 Ft | |
| Living room | 20.33 Ft x 12.25 Ft | |
| Primary Bedroom | 14.50 Ft x 10.00 Ft | |
| Bedroom | 10.83 Ft x 9.00 Ft | |
| Bedroom | 10.83 Ft x 11.00 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
-1.00%
Cap rate
4.66%
GRM
13.9
Break-even rent
$5,173
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 May 13, 2026.
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