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Reduced $100,100 (7%) from $1,400,000
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Calgary · Single Family · under $1,425,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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3604 Parkhill Street SW
3604 Parkhill Street SW presents an exceptional inner-city redevelopment opportunity in one of Calgary’s most sought-after transit-oriented communities. Currently zoned M-C2, the property has already undergone a highly positive pre-application meeting with senior City planners supporting future M-H1 zoning with an anticipated 3.0–3.5 FAR, allowing for a potential 6-storey development consisting of approximately 20–25 residential units. Adding even greater value, recent changes through the Chinook Communities Local Area Plan have significantly relaxed parking requirements within the transit corridor, creating substantial development efficiencies and maximizing buildable potential. Included with the property are professionally designed plans for an 11-unit condominium building that previously received Development Permit approval from the City of Calgary. Although the DP expired last year, renewal is expected to be straightforward, offering an excellent near-term development path while larger rezoning plans are pursued. The existing residence is well maintained and income generating, featuring a large kitchen, living room, three bedrooms and a 5pc bath upstairs plus a fully separate private walk-out illegal basement suite with a spacious kitchen, living room, one bedroom and a 4pc bath. Both living spaces have been updated with newer appliances in the basement making the property ideal for holding during planning and permitting stages. An additional rare opportunity exists with the neighboring property also potentially available for acquisition, creating the possibility for a significantly larger assembly site with piggyback zoning potential for an estimated 60–100 unit mid-rise development. Rarely do opportunities arise combining immediate rental income, approved development plans, favorable zoning momentum, transit-oriented intensification, and large-scale assembly potential in a premier SW Calgary location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.50 Ft x 11.58 Ft | |
| Living room | 11.42 Ft x 11.67 Ft | |
| Bedroom | 11.58 Ft x 13.25 Ft | |
| Other | 3.58 Ft x 4.33 Ft | |
| Furnace | 11.83 Ft x 14.42 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.42 Ft x 15.58 Ft | |
| Dining room | 9.75 Ft x 12.25 Ft | |
| Living room | 12.25 Ft x 19.50 Ft | |
| Primary Bedroom | 9.42 Ft x 14.58 Ft | |
| Bedroom | 10.42 Ft x 11.42 Ft | |
| Bedroom | 7.67 Ft x 11.42 Ft | |
| Other | 3.58 Ft x 5.17 Ft | |
| Other | 4.58 Ft x 15.08 Ft | |
| 5pc Bathroom | 8.00 Ft x 11.25 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
-0.74%
Cap rate
4.72%
GRM
13.9
Break-even rent
$7,968
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.
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 24, 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.
1.0 km away
straight-line
Dahlak al food store
1208 14 Ave SW Suite 101, Calgary, AB T3C 0V9, Canada
3.9★ · 47 reviews
2.7 km away
straight-line
Tebyan Supermarket & Halal Meat
908 Edmonton Trl #3, Calgary, AB T2E 3K1, Canada
4.6★ · 143 reviews
4.2 km away
straight-line
Ishtar Restaurant
4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada
4.5★ · 638 reviews
850 m away
straight-line
Rasa Palladium (Indian & Western) Bar & Restaurant
202 17 Ave SE, Calgary, AB T2G 2J5, Canada
4.8★ · 342 reviews
1.7 km away
straight-line
1.8 km away
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1.1 km away
straight-line
1.5 km away
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3.1 km away
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Elbow Park School | Calgary Board of Education
721 38 Ave SW, Calgary, AB T2T 2H8, Canada
1.3 km away
straight-line
Earl Grey School | Calgary Board of Education
845 Hillcrest Ave SW, Calgary, AB T2T 0Z1, Canada
1.6 km away
straight-line
Connaught School | Calgary Board of Education
1121 12 Ave SW, Calgary, AB T2R 1P8, Canada
2.7 km away
straight-line
SB 39 Avenue CTrain Station
Calgary, AB T2G 1X5, Canada
2.0★ · 4 reviews
530 m away
straight-line
Victoria Park/Stampede station
Calgary, AB, Canada
2.2★ · 14 reviews
1.8 km away
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2.2 km away
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