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3830 1 Street SW
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Beds
1
Baths
2 full + 1 half
Sqft
771
Year
1910
Type
Single Family
On market
19d
Remarkably well priced, this charming detached bungalow is move-in ready for first-time home buyers, downsizers, investors, or anyone looking to enjoy an exceptional inner-city Calgary lifestyle within the sought-after Rideau Park School catchment area. Carefully maintained over the years and thoughtfully updated, the property offers character, practicality, and long-term value in one of Calgary’s most connected locations.The main floor features a functional and welcoming layout, flowing from the mudroom into a bright formal living room and into a spacious kitchen and dining area designed for everyday living. The large primary bedroom allows for comfortable single-level living while creating a quiet and private retreat within the home. The layout offers an easy, low-maintenance lifestyle without sacrificing outdoor space, storage, or privacy. Large double sliding glass doors open onto a generous deck overlooking the fenced backyard — ideal for entertaining, gardening, pets, or relaxing summer evenings outdoors.The oversized double garage provides excellent flexibility with a built-in workbench and additional storage space rarely found at this price point in the inner city. The main floor also includes a fully updated bathroom.The lower level offers additional usable space with a versatile flex room, half bath, and separate laundry room. Major updates include the roof replaced in 2020 and the hot water tank updated approximately three years ago, allowing buyers to move in with confidence.For investors, this property presents an excellent turn-key income property opportunity in a highly desirable rental location close to downtown, transit, parks, and major amenities. The home is well suited to generate immediate rental income while also benefiting from the long-term land appreciation associated with established inner-city communities.The location is hard to beat, just one block from Stanley Park, river pathways, and endless opportunities for biking, walking, and outdoor living. Enjoy quick access to Mission, the MNP Community & Sport Centre, downtown offices, restaurants, cafés, shopping, transit, and some of Calgary’s most vibrant lifestyle amenities. Morning walks along the river, bike rides downtown, and evenings in Mission become part of everyday life here.A rare opportunity to own a detached bungalow with a private yard, oversized double garage, and no condo fees in one of Calgary’s most desirable inner-city neighborhoods. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 7.58 Ft x 3.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.50 Ft x 8.58 Ft | |
| Dining room | 13.75 Ft x 12.58 Ft | |
| Kitchen | 13.75 Ft x 8.58 Ft | |
| Primary Bedroom | 11.08 Ft x 12.58 Ft | |
| Living room | 11.08 Ft x 14.50 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
-6.82%
Cap rate
3.50%
GRM
16.6
Break-even rent
$3,717
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 May 23, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.