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3819 1 Street NE
ATTENTION BUILDERS & DEVELOPERSInner-City R-CG LotPrime R-CG Development Opportunity in Highland Park! Attention builders, developers and investors—this 60' x 97' R-CG zoned lot offers outstanding redevelopment potential in one of Calgary's rapidly evolving inner-city communities. Surrounded by newer infill and multi-unit developments, this property provides an exceptional opportunity for your next project.The existing bungalow offers approximately 778 sq. ft. above grade with 2 bedrooms, 2 bathrooms, a full basement and an oversized attached double garage/workshop, but the property is being sold AS IS, WHERE IS, with the land representing the primary value.Located on a quiet street just minutes from downtown, major transportation routes, schools, shopping, parks and transit, this is an ideal site for future redevelopment. Whether you're planning townhomes, row housing or another R-CG permitted project (subject to City approval), opportunities like this are becoming increasingly difficult to find.Don't miss your chance to secure a premium inner-city redevelopment parcel in sought-after Highland Park. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 6.58 Ft | |
| Cold room | 3.67 Ft x 15.67 Ft | |
| Office | 7.75 Ft x 8.92 Ft | |
| Furnace | 13.25 Ft x 16.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 3.42 Ft x 4.33 Ft | |
| Bedroom | 15.67 Ft x 7.92 Ft | |
| Bedroom | 11.83 Ft x 9.00 Ft | |
| Kitchen | 9.50 Ft x 17.17 Ft | |
| Living room | 9.50 Ft x 17.17 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
-1.13%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,874
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 11, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.3 km away
7.0 km away
7.3 km away
8.5 km away
Al Madinah Islamic Centre
8.6 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.3 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
7.1 km away
7.8 km away
Halal grocery
Amir Halal Meats & Grocery
7.1 km away
Shaheen Grocery, Bakery & Halal Meat
7.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.