An exceptional opportunity for investors, extended families, or savvy buyers seeking a move-in-ready property with a fully legal secondary suite, separate utilities, and significant long-term value. Offering a rare combination of space, updates, income potential, and redevelopment flexibility.
PROPERTY HIGHLIGHTS:
• South-facing property with excellent natural light from east and south-facing windows.
o 2,037.2 sqft total developed area.
o 1,059 sqft main floor.
o 978.2 sqft basement suite.
• RC-2 zoning allows for secondary suites and potential redevelopment (subject to City of Calgary approval).
• Large 4,360 sqft lot, above average for a half duplex.
LEGAL SECONDARY SUITE (#7935):
• Fully permitted and city-registered legal basement suite—streamlined compliance for rental use.
• Separate entrances for both units.
• The property includes:
o 2 Kitchens
o 2 Bathrooms
o 2 Furnaces
o 2 Hot water tanks
o 2 Electrical panels
o 2 Washers and dryers
• Soundproof insulation between main and lower units.
• Designed for independent living—ideal for multi-generational households or consistent rental income.
RENOVATIONS & UPGRADES:
• Main floor flooring replaced (2022).
• Basement kitchen added (2023).
• Basement windows replaced (2023).
• Basement flooring added (2023).
• Additional electrical panels (2023)
• Additional furnace installed (2023).
• Additional Hot water tank installed (2023).
• Fence replaced (2023).
• Gravel parking pad added (2024).
PARKING & FUTURE DEVELOPMENT POTENTIAL:
• Spacious backyard with potential to build an oversized double garage or garage suite (subject to City approval).
• Rear gravel parking pad accommodates up to 5 standard vehicles.
• Additional on-street parking available at the front.
HIGH CASH FLOW OPPORTUNITY:
• Functional dual-income layout with separate electricity bills—enhancing tenant independence and reducing management complexity.
• Estimated gross rental income potential: $3,500+/month plus utilities.
• No major mechanical upgrades required—key systems replaced as recently as 2023–2024.
Data was last updated April 26, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$379,800
Min list price:
$309,900
Max list price:
$749,999
Avg days on market:
23
Min days on market:
2
Max days on market:
175
Avg price per sq.ft.:
$413.22
These statistics are generated based on the current listing's property type
and located in
Thorncliffe. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.