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Legal suite

$550,000

6204 18 Street SE

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Beds

4

Baths

2

Sqft

Year

1954

Type

Single Family

Suite

Legal suite

Location nearby

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.

About this home

RC-G ZONING | 50’ x 120’ CORNER LOT | FUTURE GREEN LINE ACCESS | DOUBLE DETACHED GARAGE | REDEVELOPMENT OPPORTUNITYOpportunity knocks in Lynnwood with this 50’ x 120’ RC-G zoned corner lot, ideally positioned for future redevelopment in a well-established community with strong upside. With the upcoming Green Line and planned Lynnwood/Millican Station nearby, this location offers excellent long-term potential through improved connectivity and continued area investment. Steps from Pop Davies Athletic Park, schools, and playgrounds, this highly convenient location offers quick access to Glenmore Trail, Deerfoot Trail, and nearby employment hubs, providing strong fundamentals for future redevelopment.The lot itself provides excellent flexibility for multi-unit development (subject to City approval), making it an attractive option for builders and investors looking to secure land in an evolving inner-city pocket. The existing bungalow needs some TLC, but offers a newer roof (2021), a functional layout with a separate entrance for illegal/legal suite potential (pending city approval). This property presents an opportunity as a holding property or renovation project for those looking to add value in the interim. A large double detached garage and generous yard space add utility while future plans take shape.Rare opportunity to secure a well-located redevelopment site in a mature community where long-term value is only trending upward. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Ogden
Common interest
Freehold
Living area
888 square feet
Lot size
5,996 square feet
Lot dimensions
5996.00
Bedrooms
2 above grade, 2 below grade
Parking
2 total
Stories
1
On market
Apr 29, 2026
Status changed
Apr 30, 2026
Annual tax
$3,065.43 (2025)
Zoning
R-CG
Photos
28
MLS#
A2287036
Area
CALGARY_SE

Features and systems

Parking

Detached Garage

Basement

FinishedFullWalk out

Appliances

WasherRefrigeratorGas stove(s)Dryer

Cooling

None

Exterior

Vinyl siding

Construction

Wood frame

Flooring

HardwoodCeramic Tile

Foundation

Poured Concrete

Lot

See remarksBack lane
Negative cash flow ~$114/mo at these assumptions

Cash on cash

-1.24%

Cap rate

4.62%

GRM

13.9

Break-even rent

$3,420

Financing

Down payment$110,000
Loan amount$440,000
Mortgage$2,229/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252
Insurance$80
Maintenance$458
CapEx reserve$229
Vacancy loss$165

Estimates 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.

Location nearby

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.

Mortgage estimate

Estimated $2,229/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 30, 2026.

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