$775,000
47 Montrose Crescent NE
Beds
4
Baths
2
Sqft
—
Year
1955
Type
Single Family
Suite
Legal suite
Location nearby
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.
About this home
ATTENTION BUILDERS, INVESTORS, AND INNER-CITY BUYERS! This is where CHARACTER meets FUTURE DEVELOPMENT POTENTIAL in the highly sought-after community of WINSTON HEIGHTS/MOUNTVIEW! Situated on a LARGE 5,997 sq ft R-CG ZONED LOT, this property offers EXCEPTIONAL REDEVELOPMENT POTENTIAL while also featuring a charming 1,300+ SQ ft bungalow! The home itself offers 4 BEDROOMS and 2 BATHROOMS, making it a great option for FAMILIES, RENTAL INCOME, or HOLDING PROPERTY while you plan future development. Inside you'll find ORIGINAL HARDWOOD FLOORING, WARM WOOD ACCENTS, and character details that give this home a timeless feel. With nearly 1,300 SQ FT ABOVE GRADE, this is a FULL-SIZED BUNGALOW rarely found on redevelopment lots! With R-CG zoning, buyers have the flexibility to explore MULTI-UNIT DEVELOPMENT, FUTURE INFILL POTENTIAL, or ADDING A LEGAL SUITE (subject to city approval). Located in WINSTON HEIGHTS/MOUNTVIEW, this home places you just MINUTES TO DOWNTOWN, with quick access to DEERFOOT TRAIL, 16TH AVENUE, and CENTRE STREET for easy commuting. The area is surrounded by BEAUTIFUL PARKS, TOP GOLF COURSES, and CALGARY’S EXTENSIVE BIKE PATH SYSTEM, including the nearby NOSE CREEK PATHWAYS. You'll also enjoy close proximity to schools, shopping, restaurants, and local shops,, all while living in one of Calgary’s most ESTABLISHED AND CHARMING INNER-CITY NEIGHBOURHOODS.Whether you're looking for a CHARACTER-FILLED HOME, a STRONG INVESTMENT PROPERTY, or your NEXT INNER-CITY DEVELOPMENT OPPORTUNITY, this property offers INCREDIBLE FLEXIBILITY AND POTENTIAL! (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- Winston Heights/Mountview
- Common interest
- Freehold
- Living area
- 1,293 square feet
- Lot size
- 557 square meters
- Lot dimensions
- 557.00
- Bedrooms
- 3 above grade, 1 below grade
- Parking
- 2 total
- Stories
- 1
- Fireplace
- 1
- On market
- Mar 12, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $4,536 (2025)
- Zoning
- R-CG
- Photos
- 50
- MLS#
- A2292382
- Area
- CALGARY_SW
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Flooring
Foundation
Lot
Cash on cash
-0.99%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,785
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.