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445 19 Avenue NE
RARE INNER-CITY DEVELOPMENT OPPORTUNITY IN WINSTON HEIGHTS / MOUNTVIEWOpportunities like this are becoming increasingly difficult to find in Calgary's established inner-city communities.Situated on a desirable 50' x 125' R-CG lot in Winston Heights/Mountview just off 16th Ave and Edmonton Trail. This property presents a compelling opportunity for builders, developers, and investors looking to secure land in one of Calgary's most active redevelopment corridors. With downtown only minutes away and surrounded by ongoing infill development, this is the type of property that can fit both short-term holding strategies and long-term redevelopment plans.The existing bungalow and detached garage provide immediate income while future plans are being explored. A long-term tenant is currently in place and would like to remain, creating an attractive holding scenario that can help offset carrying costs during the planning and permitting process.The R-CG land use designation supports a broad range of redevelopment possibilities, making this an excellent candidate for future infill development, subject to City approvals. The generous lot dimensions provide flexibility for builders seeking a project in a mature community where demand for new housing remains strong.Beyond the property itself, the location continues to drive value. Winston Heights/Mountview has become one of Calgary's most sought-after inner-city neighbourhoods, offering quick access to downtown, major transportation routes, schools, parks, golf courses, restaurants, transit, and countless amenities. Buyers are increasingly drawn to the area's established character, mature streetscapes, and proximity to the city's core.Whether you are an experienced builder looking for your next project, an investor seeking a strategic land hold, or a developer assembling a future portfolio, this property offers the rare combination of location, zoning, lot size, and income potential.Secure the land today and capitalize on the future growth of one of Calgary's most desirable redevelopment communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 9.00 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| 3pc Bathroom | — | |
| Primary Bedroom | 10.00 Ft x 10.00 Ft | |
| Bedroom | 9.00 Ft x 9.00 Ft | |
| Bedroom | 9.00 Ft x 9.00 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
$4,815
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.
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 12, 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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