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326 8 Avenue NE
Beds
3
Baths
2
Sqft
1,071
Year
1929
Type
Single Family
On market
5d
Well-Maintained Bungalow in Desirable Crescent Heights!Situated on a spacious lot, this beautifully maintained bungalow offers the perfect blend of comfortable family living and outstanding investment potential. With a third entrance leading to the basement and the possibility of adding a secondary suite, this property presents an excellent opportunity for homeowners, investors, or future redevelopment.The main floor features a bright and welcoming layout with large windows that flood the home with natural light, a spacious updated kitchen, and thoughtfully designed living spaces ideal for everyday living. Two bedrooms and a full bathroom complete the main level. Rich in character and charm, this home showcases beautiful 1920s craftsmanship, including wood window casings, baseboards, and door trim that add warmth and timeless appeal throughout.The basement was developed with permits in 2010 and includes an additional bedroom, workshop, laundry area, and ample storage space, offering flexibility for a variety of lifestyles and needs. The south-facing front entrance has been transformed into a beautiful indoor garden retreat, creating a unique and inviting space to enjoy year-round.Step outside to the north-facing balcony, the perfect place to relax and unwind while overlooking the beautifully landscaped backyard, complete with mature gardens and plenty of outdoor living space. A detached double garage provides valuable parking and additional storage.Located in the heart of Crescent Heights, this sought-after inner-city community offers exceptional convenience with quick access to downtown, public transit, parks, restaurants, and shopping. Families will appreciate the proximity to several excellent schools, including Crescent Heights High School, Stanley Jones School, Colonel Macleod School, and Mount View School.Whether you're searching for a move-in-ready home, a revenue-generating property, or a future redevelopment opportunity, this is a rare chance to own in one of Calgary's most desirable and established neighbourhoods. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.67 Ft x 5.50 Ft | |
| Bedroom | 18.00 Ft x 10.42 Ft | |
| Storage | 4.25 Ft x 10.67 Ft | |
| Storage | 12.83 Ft x 7.42 Ft | |
| Furnace | 8.00 Ft x 3.75 Ft | |
| Workshop | 16.33 Ft x 11.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.67 Ft x 11.50 Ft | |
| Bedroom | 13.17 Ft x 9.25 Ft | |
| 4pc Bathroom | 7.08 Ft x 7.08 Ft | |
| Dining room | 11.83 Ft x 12.83 Ft | |
| Foyer | 6.58 Ft x 12.67 Ft | |
| Kitchen | 11.50 Ft x 14.42 Ft | |
| Living room | 13.08 Ft x 13.33 Ft | |
| Other | 4.50 Ft x 5.25 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
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,511
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 9, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.