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2816 24 Street NW
Beds
6
Baths
4
Sqft
1,067
Year
1955
Type
Single Family
On market
183d
*****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. Strategically located steps from William Aberhart High School, Banff Trail 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 basements hold approved short-term rental permits, 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. (31442600) (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 3.00 Ft x 5.50 Ft | |
| Other | 6.42 Ft x 8.83 Ft | |
| Furnace | 10.00 Ft x 15.00 Ft | |
| Bedroom | 12.58 Ft x 13.00 Ft | |
| Bedroom | 10.58 Ft x 11.33 Ft | |
| Bedroom | 10.00 Ft x 13.75 Ft | |
| 4pc Bathroom | 8.33 Ft x 5.00 Ft | |
| 4pc Bathroom | 4.17 Ft x 7.75 Ft | |
| 4pc Bathroom | 8.17 Ft x 5.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.83 Ft x 18.33 Ft | |
| Kitchen | 11.00 Ft x 13.00 Ft | |
| Dining room | 9.42 Ft x 11.00 Ft | |
| Foyer | 3.00 Ft x 7.00 Ft | |
| Primary Bedroom | 10.83 Ft x 11.33 Ft | |
| Bedroom | 10.00 Ft x 10.00 Ft | |
| 4pc Bathroom | 9.00 Ft x 4.83 Ft | |
| Other | 4.00 Ft x 18.00 Ft | |
| Other | 8.00 Ft x 10.00 Ft | |
| Bedroom | 7.42 Ft x 9.50 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
-0.79%
Cap rate
4.71%
GRM
13.9
Break-even rent
$6,088
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.