We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
409 29 Avenue NW
Swipe through similar matches — tap the heart to save, or open one for the full read.
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Exceptional opportunity in the highly sought-after community of Mount Pleasant on a PRIME 50' x 120' lot. Surrounded by redevelopment and luxury infill projects, this property offers outstanding potential for future development in one of Calgary's most desirable inner-city neighbourhoods.Ideally located on a quiet tree-lined street, this large lot provides endless possibilities for redevelopment, investment, or holding as a revenue property while planning your future project. The generous dimensions and desirable location make it an excellent candidate for a new luxury infill development, side-by-side project, or other redevelopment opportunities subject to City approval.Mount Pleasant continues to be one of Calgary's most in-demand communities, offering quick access to downtown, SAIT, schools, parks, pathways, transit, and an abundance of nearby amenities. Residents enjoy the perfect balance of mature neighbourhood charm and urban convenience.Whether you're a builder looking for your next project, an investor seeking long-term land value appreciation, or a buyer wanting to secure a premium inner-city lot, this is a rare opportunity in a location where demand continues to grow. Don't miss your chance to invest in one of Calgary's premier redevelopment communities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.42 Ft x 8.33 Ft | |
| Bedroom | 14.50 Ft x 8.58 Ft | |
| Kitchen | 8.67 Ft x 13.67 Ft | |
| Living room | 11.08 Ft x 21.08 Ft | |
| Primary Bedroom | 11.92 Ft x 12.00 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
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
-6.62%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,391
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.
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 Jun 14, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.9 km away
7.0 km away
7.5 km away
8.1 km away
Al Madinah Islamic Centre
9.5 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.9 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
7.0 km away
7.6 km away
Halal grocery
Amir Halal Meats & Grocery
7.0 km away
Shaheen Grocery, Bakery & Halal Meat
8.5 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.