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3452 37 Street SW
Beds
3
Baths
1
Sqft
1,044
Year
1953
Type
Single Family
On market
14d
FIRST TIME ON MARKET & GREAT INVESTMENT OPPORTUNITY! This R-CG, 85x101 ft corner lot has very good commercial potential. Situated on 37 St. SW and steps from Richmond Road, two of the most popular streets in Killarney. With a strip mall across the street and a bus stop in front and on the side, this home has the most potential for commercial redevelopment than any other house in the area. With room for 6 vehicles in the back, this property would make a great office space for a small company.As you step inside to the main floor, you’ll enjoy an expansive living/dining area with hardwood flooring throughout, and tile in kitchen kitchen. Furnace was replaced in 2020 & Hot water tank 2019, the rest of the house is in original condition. You’ll find 3 spacious bedrooms and 4pc bath on the main floor plus access to the rear yard and detached single garage. Whether you're looking to move in, invest, or explore redevelopment opportunities, this rare oversized lot in a sought-after community offers endless potential. Prime location just steps from parks, schools, shopping, and with easy access to Mount Royal University, the new ring road and downtown Calgary. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.58 Ft x 11.08 Ft | |
| Living room | 14.92 Ft x 18.25 Ft | |
| Kitchen | 13.67 Ft x 8.75 Ft | |
| Dining room | 8.67 Ft x 8.75 Ft | |
| Bedroom | 9.83 Ft x 11.00 Ft | |
| Bedroom | 8.25 Ft x 12.08 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.75 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
-1.21%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,572
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 May 26, 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.