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204, 3111 34 Avenue NW
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Beds
1
Baths
1
Sqft
513
Year
2005
Type
Single Family
On market
19d
Attention investors, first-time buyers, medical professionals and parents of U of C students. Welcome to one of the best value opportunities in NW Calgary. This second-floor east-facing 1 bedroom, 1 bathroom condo offers an ideal combination of location, low-maintenance living and affordability in the highly desirable Varsity community. Located just steps from Brentwood Village Shopping Centre, U of C, transit, restaurants, coffee shops and everyday amenities, this is a smart opportunity for both owners and investors alike. Foothills Hospital and Alberta Children’s Hospital are both approximately 10 minutes away, making this an excellent option for students, healthcare professionals and those seeking strong long-term rental demand. The thoughtfully designed layout maximizes functionality and comfort with an open-concept living space, large east-facing windows and a kitchen complete with breakfast bar seating ideal for casual dining, entertaining or working from home. The space comfortably accommodates both living and workspace flexibility, while in-suite laundry adds everyday convenience. One of the standout features of this unit is the exceptional value offered at this price point, including titled underground parking and titled storage, features that are increasingly difficult to find in this segment of the market. The building is secure, professionally managed and well maintained, with controlled access, underground visitor parking, bike storage, fitness room access and a healthy reserve fund that helps support long-term ownership confidence. Low condo fees that include heat and water help keep monthly expenses affordable and predictable. Whether you are looking to build equity instead of renting, secure a well-located investment property near major employment hubs and the university, or enjoy a convenient lock-and-leave lifestyle close to transit, parks, hospitals and amenities, this condo offers exceptional value in one of Calgary’s most connected Northwest co mmunities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.50 Ft x 8.08 Ft | |
| Bedroom | 13.25 Ft x 12.83 Ft | |
| Kitchen | 9.00 Ft x 7.83 Ft | |
| Living room | 11.58 Ft x 13.42 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
-7.75%
Cap rate
3.32%
GRM
16.7
Break-even rent
$1,812
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 7, 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.