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614 21 Avenue NE
Beds
3
Baths
2
Sqft
854
Year
1949
Type
Single Family
On market
13d
Welcome to this beautifully upgraded 3-bedroom, 2-bathroom bungalow located in the highly desirable community of Winston Heights–Mountview—one of inner-city Calgary’s most sought-after neighbourhoods. Whether you’re looking for a move-in-ready home, an investment property, or a prime redevelopment opportunity, this property offers exceptional versatility.Situated on a generous lot in a rapidly evolving area, this property presents incredible potential for future redevelopment, surrounded by new infill projects and continued community growth. The lot’s size and location make it an ideal candidate for a custom new build or modern infill, offering long-term value in a prime inner-city setting.Inside, the home has been thoughtfully updated with hardwood flooring on the main level and wide-plank vinyl flooring throughout the lower level. Updates include all-new appliances, new countertops, custom closets, and stylish cabinetry that elevate both form and function. The inviting living room is anchored by a gorgeous wood-burning fireplace, wrapped in sleek black tile for a striking contemporary focal point.The current layout offers flexibility with 2 bedrooms upstairs, a 4-piece bath, and kitchen with brand new appliances - ideal for entertaining. The fully developed basement includes a full kitchen, an additional bedroom, bathroom, laundry, and living space. Outside, enjoy a large backyard with deck and hot tub offering endless endless possibilities—whether for outdoor living, rental potential, or future redevelopment—along with the convenience of a single detached garage.This is a rare opportunity to secure a well-maintained, upgraded home with strong holding value and outstanding redevelopment potential in one of Calgary’s most desirable inner-city communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7.92 Ft x 12.50 Ft | |
| Living room | 12.75 Ft x 14.75 Ft | |
| Laundry room | 5.08 Ft x 5.42 Ft | |
| Furnace | 7.92 Ft x 9.92 Ft | |
| Bedroom | 10.42 Ft x 13.33 Ft | |
| 4pc Bathroom | 6.92 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 8.17 Ft x 9.92 Ft | |
| Dining room | 6.92 Ft x 9.25 Ft | |
| Living room | 13.50 Ft x 14.33 Ft | |
| Primary Bedroom | 10.75 Ft x 11.92 Ft | |
| Bedroom | 9.75 Ft x 11.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.92 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
-6.85%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,814
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 2, 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.