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3711 Centre B Street NW
OPEN HOUSE JUNE 21, 2 - 4PM. Prime Highland Park Opportunity | 50' x 120' Lot | Redevelopment Potential. ATTENTION FIRST-TIME BUYERS, INVESTORS & DEVELOPERS! Welcome to this charming bungalow situated on a large 50' x 120' lot in the highly sought-after inner-city community of Highland Park. Perfectly positioned directly across from a school, this home offers exceptional convenience for young families looking to eliminate the daily school commute while enjoying all the benefits of a mature, centrally located neighborhood. The main level features a bright and functional layout with 2 bedrooms, a spacious living area, a full bathroom, and a welcoming kitchen space. Downstairs, you'll find an illegal 1-bedroom basement suite with a separate living area, providing excellent potential and/or additional flexibility for extended family living. Highland Park continues to undergo significant revitalization and redevelopment, making this an outstanding opportunity for homeowners and investors alike. Centrally located with quick access to schools of all levels, parks, shopping, major transportation corridors, public transit, downtown Calgary, and Calgary International Airport, the location simply cannot be beat. Whether you're looking to live up and rent down, hold as a long-term investment, or explore future redevelopment opportunities, this property offers tremendous potential. The flat 50' x 120' lot provides multiple development possibilities. With its current zoning, buyers may explore subdivision into two 25-foot lots or the construction of a semi-detached duplex pair (subject to municipal approvals). For those seeking greater density, there may also be future opportunities to pursue rezoning applications for multi-family development, subject to City of Calgary and community approval. The redevelopment story in Highland Park speaks for itself. Opportunities to secure large redevelopment parcels in this rapidly transforming inner-city community are becoming increasingly r are. Whether you're searching for an affordable entry into one of Calgary's most promising inner-city neighborhoods, a revenue-generating investment property, or your next development project, this Highland Park gem deserves your attention. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.75 Ft x 6.42 Ft | |
| Bedroom | 10.67 Ft x 10.58 Ft | |
| Breakfast | 7.75 Ft x 7.58 Ft | |
| Kitchen | 10.58 Ft x 10.25 Ft | |
| Living room | 10.58 Ft x 14.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 10.25 Ft x 3.08 Ft | |
| Kitchen | 10.33 Ft x 12.58 Ft | |
| 4pc Bathroom | 6.42 Ft x 5.00 Ft | |
| Bedroom | 9.58 Ft x 11.08 Ft | |
| Living room | 11.83 Ft x 10.08 Ft | |
| Dining room | 11.83 Ft x 7.42 Ft | |
| Primary Bedroom | 10.25 Ft x 11.08 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
-1.11%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,208
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 20, 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
5.6 km away
7.1 km away
7.6 km away
8.2 km away
Al Madinah Islamic Centre
8.9 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.6 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
7.2 km away
7.9 km away
Halal grocery
Amir Halal Meats & Grocery
7.3 km away
Shaheen Grocery, Bakery & Halal Meat
8.1 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.