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512 Memorial Drive NW
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Beds
4
Baths
4 full + 1 half
Sqft
2,377
Year
2018
Type
Single Family
On market
3d
Welcome to 512 Memorial Drive NW, where MODERN INNER CITY LIVING meets TIMELESS FARMHOUSE DESIGN in one of Calgary’s most SOUGHT AFTER LOCATIONS. Perfectly positioned just moments from the BOW RIVER PATHWAYS, PEACE BRIDGE, PRINCE’S ISLAND PARK, KENSINGTON, and DOWNTOWN CALGARY, this exceptional home offers over 3,400 SQ FT of beautifully curated living space designed for both everyday comfort and elevated entertaining.Step inside and experience a BRIGHT, OPEN CONCEPT MAIN FLOOR filled with NATURAL LIGHT, expansive windows, beautiful FLOORING THROUGHOUT, CENTRAL A/C, CENTRAL VAC, MAIN FLOOR LAUNDRY, and a cozy GAS FIREPLACE that creates a warm and inviting atmosphere. The chef inspired kitchen is truly the heart of the home, featuring QUARTZ COUNTERTOPS, a stunning ITALIAN MADE COVERED RANGE HOOD FAN, premium finishes, and a fully appointed BUTLER PANTRY with UPPER AND LOWER CABINETRY offering exceptional storage and functionality.Enjoy seamless indoor outdoor living with the charming WRAP AROUND PORCH, perfect for morning coffee, evening wine, or gathering with friends while taking in the energy of this vibrant inner city community.Upstairs, escape to your luxurious PRIMARY RETREAT complete with a PRIVATE BALCONY showcasing stunning CITY VIEWS and a PEEK A BOO VIEW OF THE BOW RIVER. The spa inspired 5PC ENSUITE features QUARTZ COUNTERS, DOUBLE SINKS, and a beautifully TILED SHOWER WITH NICHE designed to create a true retreat experience. Two additional bedrooms are connected by a convenient JACK AND JILL 4PC BATHROOM, ideal for family living.The FULLY DEVELOPED FORCED WALKOUT BASEMENT expands your lifestyle possibilities with a LARGE STORAGE ROOM, LOWER LEVEL LAUNDRY, 4PC BATHROOM, and excellent INCOME OPPORTUNITY POTENTIAL for future rental income, multigenerational living, or a private guest space.Additional highlights include a WATER SOFTENER, HOT WATER TANK, OVERSIZED GARAGE with BUILT IN BENCH STORAGE, and thoughtful craftsmanship throughout. This is your o pportunity to enjoy the perfect blend of LUXURY, LOCATION, and LIFESTYLE in the heart of Calgary. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 12.08 Ft x 7.00 Ft | |
| Bedroom | 20.00 Ft x 12.58 Ft | |
| Recreational, Games room | 15.58 Ft x 16.50 Ft | |
| Storage | 18.17 Ft x 16.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.25 Ft x 6.42 Ft | |
| Dining room | 17.67 Ft x 10.67 Ft | |
| Kitchen | 17.67 Ft x 11.08 Ft | |
| Laundry room | 8.17 Ft x 5.33 Ft | |
| Living room | 19.58 Ft x 21.75 Ft | |
| Other | 6.08 Ft x 12.42 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.50 Ft x 10.25 Ft | |
| 5pc Bathroom | 12.92 Ft x 13.25 Ft | |
| Bedroom | 12.42 Ft x 9.67 Ft | |
| Bedroom | 9.92 Ft x 11.25 Ft | |
| Primary Bedroom | 19.67 Ft x 12.25 Ft | |
| Other | 11.08 Ft x 4.92 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
-6.34%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,971
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 9, 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.