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3720 Spruce Drive SW
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Calgary · Single Family · under $1,050,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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~CHECK OUT THE YOUTUBE VIDEO~ Builders, developers, and investors, this is the type of inner city Calgary opportunity that rarely comes available. Situated on a quiet street in the highly sought after community of Spruce Cliff, this impressive 60’ x 121’ corner lot comes with an approved development permit for side by side duplexes with front attached garages. Just down the street from the Bow River, this is an exceptional opportunity for those looking for a premium development site in one of Calgary’s most desirable inner city communities. With its prime corner positioning, approved development potential, walkable location, and close proximity to transit, parks, schools, shopping, and downtown Calgary, this property checks all the boxes for a future build, investment project, or long term land hold. Currently, a charming 5 bedroom bungalow sits on the property, creating an ideal holding opportunity while future plans move forward. The home features an expansive front porch, a large yard, mature trees, and an oversized double detached garage, offering immediate usability, rental potential, and flexibility for investors. The location is a major standout. Spruce Cliff is known for its mature streets, elevated escarpment, and incredible access to nature. Residents enjoy being just minutes from Edworthy Park, Lawrey Gardens, Quarry Road Trail, Douglas Fir Trail, Shaganappi Point Golf Course, the Bow River pathway system, Westbrook LRT Station, Westbrook Mall, schools, parks, and downtown Calgary. From the nearby escarpment, you can take in views of Nose Hill Park, the Bow River Valley, and the Calgary skyline while living in a quiet, established neighbourhood with unbeatable urban convenience. Additional community amenities include basketball courts, sports fields, playgrounds, an active community centre, extensive walking and biking paths, Wildflower Arts Centre, Calgary Bowling Club, local shopping, and Quest School. Whether you are searching for a Calgary development lot, a Spruce Cliff investment property, an approved development permit opportunity, an inner city corner lot, or a rare land opportunity near the Bow River, this property offers outstanding location, scale, and future upside. A premier lot, an approved development permit, and an unbeatable Spruce Cliff location. This is one builders and investors will want to pay attention to. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.00 Ft x 10.50 Ft | |
| Bedroom | 13.42 Ft x 10.50 Ft | |
| Bedroom | 13.25 Ft x 10.25 Ft | |
| Other | 10.00 Ft | |
| Dining room | 14.08 Ft x 10.42 Ft | |
| Foyer | 4.42 Ft x 7.75 Ft | |
| Kitchen | 11.67 Ft x 12.58 Ft | |
| Primary Bedroom | 13.67 Ft x 14.17 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
-6.58%
Cap rate
3.55%
GRM
16.7
Break-even rent
$5,846
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 Jul 4, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
1.8 km away
9.8 km away
11.2 km away
11.5 km away
13.8 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
11.0 km away
11.2 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
11.4 km away
Halal grocery
Amir Halal Meats & Grocery
11.1 km away
Shaheen Grocery, Bakery & Halal Meat
14.2 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.