pillar/IMG-A2219804_1.jpg
32 days on Market

185 Cornwallis Dr, Calgary, Alberta T2K 1V4

Detached
3 + 1
4
~1980.22 sqft
$•••,•••
$925,000
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Detached
3 + 1
4
~1980.22 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$467/sqft

Est. Mortgage$3,972/mo

Tax Amount (2024)$4,494/yr

Days On Market32 days


Description

ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we’ve seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won’t last in today’s market. Act quickly to secure your piece of Cambrian Heights!


Property Details

StyleBungalow
View-
Age of property1958
SqFt~1980.22 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberA2219804
Community NameCambrian Heights
Data SourcePILLAR 9
Listing byReal Estate Professionals Inc.

Features

Heating: Forced Air
Basement: Separate/Exterior Entry,Finished,Full,Walk-Out To Grade

Main Floor

5pc Bathroom

12`1" x 5`6"

Bedroom

12`1" x 10`4"

Dining Room

12`7" x 16`2"

Foyer

10`3" x 6`2"


Features

Patio: Balcony(s),Deck

Parking

Garage spaces 1

Garage type -

Other parking spaces 0

Total parking spaces 1


Property History

May 7, 2025
ListedActive
$925,000
32 days on market
history photo preview48
Listing by pillar 9®
Property listed by Real Estate Professionals Inc., Brokerage
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Market Data - Cambrian Heights

Geo Zone Map ThumbnailCambrian Heights

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

41 days

Compared to

2024

6 days

2023

35 days

New Listings

Past 30 days

5 listings

Compared to

2024

6 listings

2023

0 listing

Units sold

Past 30 days

4 units

Compared to

2024

2 units

2023

2 units

Median Sold Price

Past 30 days

$748,250

Compared to

2024

$873,750

2023

$812,500


Population and Demographics

Overview

Total population 1360
Average household income $150,626

Age (%)

50 to 64
22%
0 to 19
22%
20 to 34
21%
35 to 49
20%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
89%
Others
2%
Spanish
2%
Yue (Cantonese)
1%
German
1%
Punjabi (Panjabi)
1%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget