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4363 70 Street NW
Beds
4
Baths
3 full + 1 half
Sqft
1,010
Year
1958
Type
Single Family
On market
32d
Welcome to an exceptional opportunity in the heart of Bowness a premium 56’ x 120’ corner lot on a quiet, well established street, offering both immediate income potential and outstanding future redevelopment upside.This well maintained bungalow offers over 1,880 sq. ft. of developed living space and features a basement legal suite with separate entrance, creating a versatile layout ideal for homeowners, investors, or multi generational living. The upper level includes two spacious bedrooms, including a rare 2-piece ensuite, a full 4-piece bath, a bright living room, and a large functional kitchen.Downstairs, the fully self contained legal suite provides two additional bedrooms, its own kitchen, living area, full bathroom, and separate laundry, ensuring complete independence for tenants or extended family.The home has great bones and has the key updates already completed: New Roof (2020), NEW furnace (2022), NEW hot water tank (2022), NEW garage heater (2022), NEW Vinyl flooring in upper bedrooms, NEW (2025) Samsung Fridge, New (2025) Dishwasher. As home owners know, spending money on all that infrastructure is no where near as fun as cosmetic upgrades, the owners have taken great pride in making sure you have a solid home to start off with, this allows you to upgrade as you see fit, truly make it your own!Adding to the appeal is the oversized, heated double garage, thoughtfully divided and previously generating additional rental income—an excellent bonus stream alongside the basement legal suite, which has rented for $1,400+-/month, with garage income of $300/month (that's only 1 side could be $500+ - Heated garages are in high demand in Calgary)For those thinking long-term, the RC-G zoning opens the door to significant redevelopment potential, including the possibility of a fourplex with legal suites—a rare opportunity on a corner parcel of this size.The location is equally compelling. You’re just a short walk to schools, transit, and shopping, whil e enjoying quick access to the Bow River pathways and Bowness Park, with extensive biking and walking trails connecting throughout the city. Weekend escapes are effortless with convenient access to Canmore, Banff, and Kananaskis Country.Bowness continues to evolve, with ongoing revitalization, new builds, and a growing mix of local restaurants, breweries, and amenities making this not only a smart purchase today, but a strategic investment for the future.Whether you’re looking to live up and rent down, hold as an income property, or redevelop, this is a rare opportunity to secure a large corner lot in one of Calgary’s most dynamic communities. Book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10.75 Ft x 9.67 Ft | |
| Bedroom | 12.67 Ft x 10.00 Ft | |
| Bedroom | 11.17 Ft x 9.75 Ft | |
| 3pc Bathroom | 7.00 Ft x 4.67 Ft | |
| Laundry room | 7.75 Ft x 4.58 Ft | |
| Kitchen | 12.33 Ft x 8.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14.08 Ft x 11.83 Ft | |
| Living room | 12.33 Ft x 10.25 Ft | |
| Dining room | 13.25 Ft x 12.33 Ft | |
| Primary Bedroom | 12.92 Ft x 10.67 Ft | |
| 2pc Bathroom | 4.67 Ft x 3.92 Ft | |
| Bedroom | 10.92 Ft x 10.58 Ft | |
| 4pc Bathroom | 9.58 Ft x 6.00 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
-1.02%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,505
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 Jun 6, 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.