$1,979,800
2812-2816 24 Street NW
Beds
11
Baths
7 full + 1 half
Sqft
—
Year
1955
Type
Single Family
Suite
Investment signal
Location nearby
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.
About this home
*****Lot not impacted by City Repeal, Lot was RCG before Blanket Zoning*****Lot Assembly Redevelopment Opportunity at Banff Trail, ***** A rare and compelling land assembly opportunity in the heart of Banff Trail, one of Calgary’s most established and sought-after infill communities. This offering includes two adjacent parcels—2816 and 2812 24 Street NW—creating a prominent corner redevelopment site with a combined lot size of approximately 12,430 square feet (two lots measuring 52 ft x 120 ft each). Strategically located steps from William Aberhart High School and within close proximity to the University of Calgary, SAIT, McMahon Stadium, Foothills Medical Centre, and downtown Calgary, this site benefits from exceptional connectivity, transit access, and long-term redevelopment appeal. The surrounding area continues to see strong infill and multi-family development, reinforcing its position as a prime inner-city investment location. The properties are currently improved with well-maintained and renovated homes. Upper levels are in move-in condition, while the basement holds approved short-term rental permit, offering immediate income potential for investors seeking a long-term hold while planning future redevelopment. Whether repositioning for multi-family redevelopment or securing a premium inner-city land assembly in a high-growth corridor, this is a standout opportunity to acquire a truly strategic asset in Calgary. (Sale includes LINC numbers 0020659546 and 0020659538.) (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- Banff Trail
- Common interest
- Freehold
- Living area
- 2,129 square feet
- Lot size
- 580 square meters
- Lot dimensions
- 580.00
- Bedrooms
- 5 above grade, 6 below grade
- Parking
- 1 total
- Stories
- 1
- Fireplace
- 1
- On market
- Dec 28, 2025
- Status changed
- Apr 23, 2026
- Annual tax
- $4,452 (2025)
- Zoning
- R-CG
- Photos
- 12
- MLS#
- A2276068
- Area
- CALGARY_NW
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Construction
Flooring
Foundation
Lot
Cash on cash
-6.31%
Cap rate
3.60%
GRM
16.7
Break-even rent
$12,092
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.