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Reduced $16,000 (2%) from $775,000
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5220 Grove Hill Road SW
Beds
3
Baths
2 full + 1 half
Sqft
1,381
Year
1959
Type
Single Family
On market
20d
Welcome to 5220 Grove Hill Road SW- an exceptional opportunity in one of southwest Calgary’s most established and sought-after communities. Situated on a mature, tree-lined lot, this spacious bungalow offers over 1,380 sq.ft. above grade plus a developed basement, presenting tremendous potential for builders, investors, renovators, or buyers looking to create long-term value in a prime inner-city location. Surrounded by established homes and redevelopment activity, this property offers strong upside potential whether you’re planning a full renovation, custom rebuild, rental investment, or future redevelopment project. The functional existing layout provides excellent bones and a versatile footprint ideal for modernization or expansion. The main level features a bright and spacious living room with oversized front windows, a dedicated dining area, functional kitchen, and an inviting rear family room complete with a fireplace and direct access to the backyard deck — creating an ideal foundation for an open-concept transformation. Two main-floor bedrooms include a generously sized primary retreat with its own 2-piece ensuite, complemented by a full 4-piece bathroom. The developed lower level adds further flexibility with a large recreation room, third bedroom, laundry and utility space, and extensive storage options — ideal for future suite development potential (subject to approvals), multigenerational living, or additional rental income opportunities. Outside, the property features mature landscaping, a private backyard, rear deck, oversized driveway, and attached garage, all situated on a generously sized lot with excellent curb appeal and redevelopment potential. Located in a highly desirable southwest Calgary neighbourhood close to parks, schools, shopping, transit, and major roadways, this is a rare opportunity to secure a property with endless potential in a location where renovated homes and new builds continue to see strong demand. Whether you’re a home builde r, investor, flipper, or end user with vision, 5220 Grove Hill Road SW offers the chance to renovate, rebuild, hold, or create significant long-term value in an increasingly desirable Calgary market. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.67 Ft x 11.67 Ft | |
| Recreational, Games room | 16.50 Ft x 23.83 Ft | |
| Storage | 11.00 Ft x 9.25 Ft | |
| Furnace | 11.08 Ft x 17.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 3.92 Ft x 7.25 Ft | |
| 4pc Bathroom | 7.00 Ft x 7.33 Ft | |
| Bedroom | 12.42 Ft x 10.50 Ft | |
| Dining room | 10.58 Ft x 13.33 Ft | |
| Family room | 11.75 Ft x 17.25 Ft | |
| Foyer | 7.50 Ft x 10.50 Ft | |
| Kitchen | 8.17 Ft x 13.33 Ft | |
| Living room | 17.42 Ft x 17.25 Ft | |
| Primary Bedroom | 11.50 Ft x 12.00 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
-1.03%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,688
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 8, 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.