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3723 2 Street NW
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Beds
5
Baths
2
Sqft
1,145
Year
1955
Type
Single Family
On market
0d
Welcome HOME to Highland Park! Opportunities like this rarely come to market. Combining immaculate pride of ownership, extensive upgrades, exceptional income potential, and a premium 50’ x 120’ inner-city lot, this is an exciting opportunity in one of Calgary’s most sought-after and rapidly evolving inner city communities.Offering 5 bedrooms, 2 bathrooms, a double detached garage, incredible landscaping and an outstanding illegal suite, this property provides remarkable flexibility for homeowners and investors alike. The lower level features a superb forced walk-up entrance from the front of the home and is flooded with natural light from oversized windows, creating a bright, welcoming space that feels unlike a typical basement. Two furnaces and two electrical panels put you on your own metre. Whether you’re looking to offset your mortgage, generate rental income, accommodate extended family, or secure a strong investment property, the possibilities here are exceptional.Built solid in 1955 and maintained in pristine condition, this home beautifully blends timeless character with meaningful upgrades, including renovated bathrooms, over $40,000 in new windows, a new fireplace, two furnaces, two electrical panels, and professional asbestos testing.? This character home offers the charm and craftsmanship of a bygone era while providing the modern updates buyers value today. With its beautifully preserved retro aesthetic, this is the kind of home that must be experienced in person to be fully appreciated.Located on a picturesque tree-lined street directly across from a park, west facing backyard and just minutes from downtown, with easy access to schools, transit, Centre Street, Edmonton Trail, and everyday amenities, this is more than a home—it’s a lifestyle opportunity with significant long-term upside. Properties offering this combination of condition, location, lot size, and income potential are exceptionally rare. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 12.58 Ft x 13.00 Ft | |
| Bedroom | 10.17 Ft x 9.83 Ft | |
| Bedroom | 11.50 Ft x 9.83 Ft | |
| Living room | 12.92 Ft x 20.17 Ft | |
| 4pc Bathroom | 6.58 Ft x 6.83 Ft | |
| Laundry room | 9.67 Ft x 16.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.25 Ft x 11.25 Ft | |
| Bedroom | 12.25 Ft x 10.17 Ft | |
| Bedroom | 9.75 Ft x 10.17 Ft | |
| Other | 10.00 Ft x 17.50 Ft | |
| Living room | 13.25 Ft x 20.92 Ft | |
| 4pc Bathroom | 8.67 Ft x 6.58 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
-6.60%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,542
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.