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3518 3 Avenue SW
Welcome to this rare and versatile property situated on a large corner lot in the highly sought-after community of Spruce Cliff. Offering incredible flexibility for homeowners, investors, or multi-generational families, this unique property features a spacious bungalow, a heated triple detached garage, and a beautifully finished 810sqft carriage suite above.The main home boasts a bright, open-concept floor plan filled with natural light, featuring 5 bedrooms, 2 full bathrooms, and two separate entrances, creating endless possibilities for extended family living, future suite development, or rental income potential. The inviting layout offers comfortable living spaces, generous room sizes, and a seamless flow for everyday living and entertaining.Above the garage, you'll find a stunning modern carriage suite complete with 2 bedrooms and 2 bathrooms. Thoughtfully designed with contemporary finishes, beautiful lighting, and stylish décor, this space is ideal as a mortgage helper, guest accommodation, long or short-term rental opportunity (subject to municipal regulations).The heated triple detached garage is uniquely configured with a separate double garage and single garage, each with its own door, providing exceptional flexibility for vehicles, storage, workshop space, or hobby enthusiasts.Whether you're searching for an income-generating property, a home with space for multiple generations, or a prime inner-city investment, this Spruce Cliff gem delivers unmatched value and opportunity. Just minutes from downtown, shopping, transit, parks, schools, and pathways, this is urban living at its finest.Live in one, rent the other, or maximize the income potential—this property truly has it all! Call to view (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 12.60 M x 5.30 M | |
| Bedroom | 9.60 M x 14.50 M | |
| Bedroom | 10.70 M x 14.00 M | |
| Recreational, Games room | 15.10 M x 29.50 M | |
| Storage | 22.40 M x 14.90 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.10 M x 7.50 M | |
| Bedroom | 10.60 M x 10.70 M | |
| Bedroom | 9.60 M x 10.70 M | |
| Dining room | 10.40 M x 13.00 M | |
| Kitchen | 11.10 M x 13.11 M | |
| Living room | 14.10 M x 19.60 M | |
| Primary Bedroom | 13.00 M x 13.40 M |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 9.30 M x 10.50 M | |
| 3pc Bathroom | 10.50 M x 6.11 M | |
| 4pc Bathroom | 8.20 M x 4.11 M | |
| Bedroom | 9.50 M x 11.20 M | |
| Kitchen | 12.50 M x 9.20 M | |
| Living room | 13.10 M x 19.11 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
-0.79%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,058
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
1.7 km away
10.0 km away
11.1 km away
11.4 km away
13.7 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
10.8 km away
11.0 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
11.3 km away
Halal grocery
Amir Halal Meats & Grocery
10.9 km away
Shaheen Grocery, Bakery & Halal Meat
14.1 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.