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4012 Varsity Drive NW
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Immaculate fully finished 4-level split located directly across from a park and school in a highly convenient and family-friendly neighborhood. This well-maintained home offers 3+1 bedrooms and 2.5 bathrooms, making it ideal for families or as an investment property. The bright and open main level features gleaming hardwood floors, a spacious living room with soaring vaulted ceilings, and a formal dining area perfect for entertaining. The large kitchen includes newer tile flooring and updated appliances, providing both functionality and ample workspace. The upper level offers three generously sized bedrooms, including a primary bedroom with a private 2-piece ensuite, along with a renovated 4-piece main bathroom. The third level features a spacious family room filled with natural light from large windows, complete with a cozy wood-burning fireplace and an additional 4-piece bathroom. The fully finished lower level includes a fourth bedroom, cold/storage room, and laundry area, providing extra living space and storage. Oversized double garage fit big truck. Recent updates cost around $60K include: Dish Washer (2023), Garage door spring and rail (2024), newer roof on the oversized double garage (2014), interior paint (2014), entrance doors (2014), side fence and gates (2014), and a durable metal roof on the main house. Located within walking distance to the University of Calgary, transit, C-Train, and Market Mall, and just minutes from two major hospitals, Bowmont Park, and downtown. A fantastic opportunity in a prime location. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 24.08 Ft x 18.08 Ft | |
| 4pc Bathroom | 6.00 Ft x 8.42 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.67 Ft x 9.25 Ft | |
| Furnace | 10.08 Ft x 12.67 Ft | |
| Storage | 19.83 Ft x 9.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 9.08 Ft x 8.17 Ft | |
| Living room | 14.17 Ft x 12.75 Ft | |
| Kitchen | 12.67 Ft x 11.50 Ft | |
| Other | 3.58 Ft x 6.25 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.25 Ft x 7.92 Ft | |
| Primary Bedroom | 11.50 Ft x 12.00 Ft | |
| Bedroom | 9.25 Ft x 8.25 Ft | |
| Bedroom | 9.17 Ft x 9.17 Ft | |
| 2pc Bathroom | 4.50 Ft x 7.00 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
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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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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
-6.75%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,329
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.
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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 Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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