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Calgary · Single Family · under $600,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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6204 18 Street SE
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)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.17 Ft x 4.92 Ft | |
| Bedroom | 11.17 Ft x 10.67 Ft | |
| Recreational, Games room | 12.33 Ft x 19.08 Ft | |
| Bedroom | 10.92 Ft x 8.33 Ft | |
| Furnace | 11.17 Ft x 8.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.08 Ft x 12.83 Ft | |
| Kitchen | 10.42 Ft x 11.58 Ft | |
| Family room | 13.08 Ft x 9.42 Ft | |
| 4pc Bathroom | 5.92 Ft x 7.00 Ft | |
| Bedroom | 8.25 Ft x 11.50 Ft | |
| Primary Bedroom | 11.42 Ft x 11.58 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
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Commute
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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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,420
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.
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 21, 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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