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Reduced $24,100 (2%) from $1,399,000
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523 32 Street NW
Beds
6
Baths
5 full + 1 half
Sqft
2,719
Year
2025
Type
Single Family
On market
78d
Situated just steps from the Bow River in the highly sought after community of Parkdale, this sophisticated modern residence offers over 3,600 sq ft of beautifully curated living space, blending elevated design with exceptional functionality. The bright, open concept main floor welcomes you with a spacious entry and a stunning front dining area, highlighted by an illuminated feature wall that adds warmth and architectural interest. A glass enclosed office provides a perfect work-from-home setting, while the heart of the home, an exquisite designer kitchen, impresses with an expansive 10’ quartz waterfall island, built-in wall oven and microwave, gas cooktop, and sleek cabinetry. Striking glass panelled black fronts anchor the cooking space, complemented by crisp white shaker cabinetry for a refined modern aesthetic. A thoughtfully designed pantry with bar area and beverage fridge enhances both form and function. At the rear, the airy living room with a contemporary gas fireplace opens effortlessly to the west facing backyard and low maintenance deck through sliding glass doors. The second floor offers three generous bedrooms, each with its own walk-in closet, a full bathroom, and a well appointed laundry room with sink. The primary sanctuary features floor-to-ceiling windows, a striking feature wall, and a custom walk-in closet. The luxurious 6pc ensuite boasts heated floors, a steam shower, and a deep soaker tub for a luxurious escape. The third floor loft is exceptional offering incredible versatility and elevated living. Enjoy a built-in desk area, convenient coffee bar, and a front balcony with downtown views. This level also hosts a second primary suite, complete with a private rear balcony, walk-in closet, and a lavish 6pc ensuite with heated floors, a deep soaker tub, and an oversized glass shower. The fully developed basement features a separate entrance leading to a legal suite. This thoughtfully designed space includes two spacious bedrooms, a 4pc bathroom , its own laundry, and a stylish kitchen with warm wood cabinetry, eat-up island, and full appliance package. The inviting living room is anchored by a modern media wall, while access to the utility room reveals a tankless hot water system. Outside, the landscaped yard offers ample green space for kids and pets, and leads to a double detached garage. Additional upgrades include rough-ins for security, AC, and central vacuum, along with exposed aggregate steps and walkways. Ideally located, you’re just steps to Foothills Medical Centre, and only minutes from Alberta Children's Hospital and the vibrant University District, offering an incredible mix of dining, shopping, and everyday amenities. Surrounded by parks, pathways, cafés, and the natural beauty of the Bow River, this exceptional home delivers the perfect balance of luxury, comfort, and convenience. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Eat in kitchen | 9.58 Ft x 12.67 Ft | |
| Family room | 11.08 Ft x 15.33 Ft | |
| Laundry room | 5.50 Ft x 5.92 Ft | |
| Bedroom | 11.25 Ft x 10.25 Ft | |
| Bedroom | 10.00 Ft x 13.25 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 17.08 Ft x 12.83 Ft | |
| Dining room | 11.83 Ft x 12.83 Ft | |
| Living room | 15.00 Ft x 14.00 Ft | |
| Office | 6.08 Ft x 6.67 Ft | |
| 2pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 5.67 Ft x 9.17 Ft | |
| Primary Bedroom | 13.42 Ft x 12.83 Ft | |
| Other | 6.33 Ft x 9.17 Ft | |
| Bedroom | 10.00 Ft x 9.58 Ft | |
| Bedroom | 10.00 Ft x 11.50 Ft | |
| 4pc Bathroom | — | |
| 6pc Bathroom | — |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 8.83 Ft x 11.42 Ft | |
| Primary Bedroom | 11.42 Ft x 14.83 Ft | |
| Other | 8.83 Ft x 8.17 Ft | |
| 6pc Bathroom | — |
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
-0.72%
Cap rate
4.72%
GRM
13.9
Break-even rent
$8,423
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 5, 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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