We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
307, 3717 42 Street NW
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Calgary · Single Family · under $275,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Welcome to #307, 3717 42 Street NW, a well-maintained 1-bedroom, 1-bathroom condo in the highly sought-after community of Varsity. Perfectly located just steps from the pedestrian bridge to Market Mall, this home is within walking distance to the University of Calgary, Foothills Medical Centre, Alberta Children's Hospital, the University District, public transit, and the LRT—making it an excellent choice for students, healthcare professionals, first-time buyers, or investors. This bright, west-facing third-floor unit features a spacious open-concept layout filled with natural light and partial mountain views. The inviting living room offers a cozy electric fireplace and access to a private balcony, perfect for enjoying the afternoon sun. The functional kitchen features granite counters & dark maple cabinets, which provide ample cabinet space. The generous sized bedroom and full bathroom offer comfortable everyday living. Rich laminate flooring runs throughout for a clean, modern look, and the home is move-in ready. Assigned parking and common laundry add to the convenience, while the affordable condo fees include heat, water, and other utilities, making ownership simple and budget-friendly. Whether you're looking for your first home, a low-maintenance lifestyle, or a fantastic rental property in an unbeatable location, this Varsity condo is an opportunity you won't want to miss. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 5.83 Ft x 19.17 Ft | |
| Living room | 16.83 Ft x 12.50 Ft | |
| 4pc Bathroom | 9.50 Ft x 4.92 Ft | |
| Other | 8.67 Ft x 5.83 Ft | |
| Dining room | 6.92 Ft x 9.50 Ft | |
| Kitchen | 9.92 Ft x 6.92 Ft | |
| Bedroom | 13.25 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
-2.66%
Cap rate
4.33%
GRM
14.0
Break-even rent
$1,510
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 Jul 9, 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.
1.5 km away
straight-line
3.2 km away
straight-line
4.7 km away
straight-line
4.5 km away
straight-line
TEHRAN GROCERY
2120 Kensington Rd NW, Calgary, AB T2N 3R7, Canada
4.6★ · 103 reviews
4.7 km away
straight-line
5.5 km away
straight-line
2.5 km away
straight-line
3.1 km away
straight-line
Muslim Association of Canada - Calgary
6415 Ranchview Dr NW, Calgary, AB T3G 1B5, Canada
4.7★ · 35 reviews
3.8 km away
straight-line
4198 Valiant Dr NW, Calgary, AB T3A 0H7, Canada
750 m away
straight-line
St. Vincent de Paul Elementary & Junior High
4525 49 St NW, Calgary, AB T3A 0K4, Canada
1.1 km away
straight-line
3127 Bowwood Dr NW, Calgary, AB T3B 2E7, Canada
1.7 km away
straight-line
1.4 km away
straight-line
NB Brentwood CTrain Station
Calgary, AB T2L 2K7, Canada
3.0★ · 3 reviews
1.4 km away
straight-line
University LRT Station (NB)
Calgary, AB T2L 2A3, Canada
2.8★ · 4 reviews
2.0 km away
straight-line