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9032 Fairmount Drive SE
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Calgary · Single Family · under $650,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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A rare chance to secure a foothold in one of Calgary's most active infill corridors. This Acadia property sits on a generous 6781sqft lot in a mid-transition neighbourhood, with infill development well underway on surrounding streets including immediately adjacent properties. Located directly across from Lord Beaverbrook High School and minutes from Macleod Trail, Heritage Drive, and the shops and restaurants of Southcentre and Willow Park. The fundamentals here are hard to argue with - strong rental demand, an established community, and a lot size that opens the door to multiple strategies. For the developer, the lot size and infill momentum in the area speak for themselves. The property is currently zoned H-GO. Zoning regulations in Calgary are actively evolving and all zoning details should be confirmed with the City of Calgary prior to any development decisions. For the buy-and-hold investor, the property offers an opportunity to enter a desirable inner-south community at a price point that reflects condition rather than potential with rental income possible while longer-term plans take shape. For the renovator or flipper, the home is livable and is a solid foundation for someone with the vision and capability to unlock the value that's clearly there. This is a property that rewards the buyer who knows what they're looking at. Offered strictly as-is. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 10.92 Ft | |
| 4pc Bathroom | — | |
| Recreational, Games room | 27.67 Ft x 16.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 19.00 Ft x 11.33 Ft | |
| Kitchen | 12.33 Ft x 11.58 Ft | |
| Dining room | 9.00 Ft x 8.25 Ft | |
| Primary Bedroom | 12.58 Ft x 11.33 Ft | |
| Bedroom | 8.50 Ft x 11.50 Ft | |
| 4pc 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
-6.87%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,723
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 Jun 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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