We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
3205 4 Street SW
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
5
Baths
2
Sqft
1,703
Year
1949
Type
Single Family
On market
20d
An exceptional opportunity to secure a premium oversized lot in one of Calgary’s most prestigious inner-city communities. Situated on a quiet tree-lined street in highly sought-after Rideau Park, this 7,890 sq. ft. property presents outstanding potential for a custom luxury home, transformative renovation, or long-term investment opportunity. Surrounded by multi-million dollar homes and mature landscaping, this property offers an ideal setting for a future estate residence with incredible proximity to downtown Calgary, the Elbow River pathway system, Stanley Park, Mission, and the vibrant shops and restaurants of 4th Street. The existing bungalow is mostly original and clean offering flexible options for builders, investors, or buyers looking to secure a premier inner-city lot while planning their future vision. The property features mature trees, excellent frontage, and a private driveway approach, all within one of Calgary’s most desirable southwest inner-city locations. Opportunities to acquire lots of this size in Rideau Park are increasingly rare. Whether you envision a timeless architectural estate, a modern luxury residence, or a long-term hold, this property represents exceptional land value in one of Calgary’s most established and coveted neighbourhoods. Bring your vision and build in one of Calgary’s most exclusive communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.83 M x 12.08 M | |
| Bedroom | 10.42 M x 13.58 M | |
| Den | 12.08 M x 12.08 M | |
| Other | 10.00 M x 18.75 M | |
| 3pc Bathroom | 5.83 M x 10.00 M | |
| Family room | 13.67 M x 24.50 M | |
| Storage | 3.33 M x 7.42 M | |
| Furnace | 13.67 M x 31.92 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.92 M x 15.00 M | |
| Eat in kitchen | 12.25 M x 17.92 M | |
| Dining room | 14.08 M x 14.08 M | |
| Living room | 14.58 M x 20.33 M | |
| Primary Bedroom | 12.08 M x 13.17 M | |
| Bedroom | 11.33 M x 14.50 M | |
| Bedroom | 10.92 M x 13.08 M | |
| Storage | 3.50 M x 4.00 M | |
| 4pc Bathroom | 7.50 M x 7.92 M |
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
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,182
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 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
1.4 km
est. 2 min
Dahlak al food store
1208 14 Ave SW Suite 101, Calgary, AB T3C 0V9, Canada
3.9 rating · 47 reviews
2.0 km
est. 3 min
4.0 km
est. 6 min
Meltro Burger
601 17 Ave SW, Calgary, AB T2S 0B3, Canada
4.9 rating · 900 reviews
1.3 km
est. 2 min
1.3 km
est. 2 min
Ishtar Restaurant
4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada
4.5 rating · 638 reviews
1.4 km
est. 2 min
1.8 km
est. 3 min
2.2 km
est. 3 min
2.3 km
est. 4 min
Earl Grey School | Calgary Board of Education
845 Hillcrest Ave SW, Calgary, AB T2T 0Z1, Canada
0.9 km
est. 1 min
Elbow Park School | Calgary Board of Education
721 38 Ave SW, Calgary, AB T2T 2H8, Canada
1.0 km
est. 2 min
Connaught School | Calgary Board of Education
1121 12 Ave SW, Calgary, AB T2R 1P8, Canada
2.1 km
est. 3 min
SB 39 Avenue CTrain Station
Calgary, AB T2G 1X5, Canada
2.0 rating · 4 reviews
1.2 km
est. 2 min
Victoria Park/Stampede station
Calgary, AB, Canada
2.2 rating · 14 reviews
1.7 km
est. 3 min
3rd Street LRT Station
350 7 Ave SW #310, Calgary, AB T2P 3N9, Canada
4.2 rating · 17 reviews
2.3 km
est. 4 min