pillar/IMG-A2274658_1.jpg
2 days on Market

8531 47 Ave, Calgary, Alberta T3B 1Z8

Detached
3
2
~1086.00 sqft
$649,900
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Detached
3
2
~1086.00 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$598/sqft

Monthly cost

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Description

Attention Homebuyers, Investors & Builders! Here’s a rare opportunity in one of Calgary’s most desirable inner-city communities. Just one block from Bowness Park and the Bow River, this recently renovated 3-bedroom bungalow sits on a 50x120 R-CG lot, offering flexibility for living, renting, or future development. Move in and enjoy the updated interior, hold as a cash-flowing rental, or plan your next build — the choice is yours. The home features a detached garage and is located on a quiet, tree-lined street surrounded by beautiful homes and active redevelopment. With R-CG zoning, the property has excellent long-term potential for a duplex, multi-unit development, or custom infill. Its prime location near the University of Calgary, Foothills Hospital, Children’s Hospital, and major transit routes makes it equally appealing to homeowners and investors. Whether you’re looking for a comfortable home in a fantastic neighbourhood, a strong rental property, or a future development site, this property delivers exceptional value in a high-demand location.


Property Details

StyleBungalow
View-
Age of property1954
SqFt~1086.00 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2274658
Community NameBowness
Data SourcePILLAR 9
Listing byeXp Realty

Features

Heating: Forced Air
Basement: Full,Finished,None

Main Floor

4pc Bathroom

5`11" x 7`6"

Bedroom

7`10" x 11`6"

Bedroom

13`3" x 11`6"

Dining Room

7`5" x 9`8"


Features

Patio: Deck

Parking

Garage spaces 1

Garage type -

Other parking spaces 1

Total parking spaces 2


Property listed by eXp Realty, Brokerage
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Market Data - Bowness

Geo Zone Map ThumbnailBowness

Seller's Market

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Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

53 days

Compared to

2024

37 days

2023

22 days

2022

40 days

New Listings

Past 30 days

6 listings

Compared to

2024

5 listings

2023

9 listings

2022

8 listings

Units sold

Past 30 days

9 units

Compared to

2024

8 units

2023

5 units

2022

11 units

Median Sold Price

Past 30 days

$560,000

Compared to

2024

$687,500

2023

$540,000

2022

$480,000


Population and Demographics

Overview

Total population 9996
Average household income $112,757

Age (%)

0 to 19
19%
20 to 34
22%
35 to 49
21%
50 to 64
21%
65 and plus
17%

Household composition (%)

Single family
53%
Single person
38%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
89%
Others
3%
Tagalog (Pilipino, Filipino)
2%
French
2%
Spanish
1%
German
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget