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Reduced $40,000 (5%) from $865,000
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527 35A Street NW
Beds
5
Baths
2
Sqft
1,139
Year
1952
Type
Single Family
On market
61d
REVISED PRICING - Ideally located on a beautiful, tree-lined street in the highly sought-after community of Parkdale NW, this property offers an outstanding opportunity for investors, developers, or future homeowners. Just steps from Foothills Hospital and Memorial Drive, and within walking distance to the Bow River pathway system, the location is hard to beat. The home is move-in ready for new owners and is currently fully rented with excellent tenants, making it an ideal holding property or redevelopment opportunity in this established estate-style neighborhood. The main floor features three generously sized bedrooms, a full bathroom, and a large kitchen with an eating area—perfect for comfortable everyday living. The illegal basement suite, complete with a separate side entrance, offers a spacious living area with a gas fireplace, kitchen with custom maple cabinetry, a three-piece bathroom, and two large bedrooms. An additional living space or recreation room—currently used as a home office—adds flexibility and value. The shared laundry area is conveniently located in a common space. Outside, the fully fenced lot includes garden beds and a double detached garage, with a driveway that provides ample additional parking for both units. Ideally positioned close to downtown, Alberta Children’s Hospital, SAIT, the University of Calgary, and Market Mall, this property offers strong long-term appreciation potential and consistent rental demand. Whether you’re looking to live upstairs and rent below, accommodate extended family, or add a solid asset to your investment portfolio, this is a rare inner-city opportunity you won’t want to miss. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.25 Ft x 5.58 Ft | |
| Bedroom | 10.92 Ft x 11.33 Ft | |
| Bedroom | 10.83 Ft x 11.33 Ft | |
| Dining room | 12.92 Ft x 14.08 Ft | |
| Kitchen | 10.17 Ft x 14.17 Ft | |
| Recreational, Games room | 17.83 Ft x 11.33 Ft | |
| Furnace | 14.92 Ft x 10.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 3.25 Ft x 4.92 Ft | |
| Bedroom | 11.00 Ft x 9.67 Ft | |
| Bedroom | 9.50 Ft x 10.83 Ft | |
| Dining room | 5.67 Ft x 8.50 Ft | |
| Foyer | 3.83 Ft x 4.75 Ft | |
| Kitchen | 10.17 Ft x 14.50 Ft | |
| Living room | 20.75 Ft x 12.17 Ft | |
| Primary Bedroom | 11.75 Ft x 12.17 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
-0.95%
Cap rate
4.67%
GRM
13.9
Break-even rent
$5,088
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 May 31, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.