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423 Queen Anne Way SE
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Calgary · Single Family · under $550,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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~Exceptional Investment & Renovation Opportunity in Emerging Queensland~Opportunity knocks on one of Queensland's most sought-after streets, just steps from Mallard Point and the expansive pathways and natural beauty of Fish Creek Park. This 5-bedroom ( 2 not to egress), 2-bathroom home presents a rare value-add opportunity for investors, renovators, and savvy buyers looking to unlock significant potential in an established, high-demand community. Whether you envision a stunning open-concept family residence or a property with income-generating potential, the flexible layout offers endless possibilities. The basement is ideally suited for redevelopment as an in-law space or mortgage helper, with a private entrance and hook-ups already in place. Previously configured with an illegal suite, the property still retains many of the key components that could support future development, subject to applicable approvals. Additional highlights include an oversized double detached garage, a rare extra-wide paved back lane offering excellent access, a newer roof and gutters, and a recently installed fence—providing a solid foundation for your renovation plans.Surrounded by mature trees, parks, top amenities, and strong long-term growth fundamentals, this is your opportunity to invest in an emerging pocket of Queensland and capitalize on its future potential. Bring your vision. Add value. Reap the rewards. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.67 Ft x 5.25 Ft | |
| Bedroom | 10.92 Ft x 8.00 Ft | |
| Bedroom | 10.67 Ft x 8.00 Ft | |
| Recreational, Games room | 21.83 Ft x 28.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.50 Ft x 4.92 Ft | |
| Primary Bedroom | 10.50 Ft x 12.58 Ft | |
| Bedroom | 12.00 Ft x 8.67 Ft | |
| Bedroom | 12.00 Ft x 8.33 Ft | |
| Living room | 15.50 Ft x 13.08 Ft | |
| Other | 10.50 Ft x 14.25 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
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Insurance estimate
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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).
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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 30, 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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