2 days on Market

316 8 Ave, Calgary, Alberta T2E 0P9

Detached
2
4 + 1
~1471.25 sqft
$820,000
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Detached
2
4 + 1
~1471.25 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$557/sqft

Est. Mortgage$3,522/mo

Tax Amount (2024)$4,319/yr

Days On Market2 days


Description

**Rare Inner-City Investment Opportunity in Crescent Heights!** Nestled just minutes from downtown, this charming 2-bedroom, 3.5-bathroom home in desirable Crescent Heights offers a unique blend of immediate livability, rental income potential, and future development upside. Each spacious bedroom includes its own ensuite, complemented by a bright living room, dining area, and a well-equipped kitchen. The fully developed basement provides added flexibility for tenants or personal use, and the double detached garage adds value and convenience. Situated on an M-CG zoned lot, this property is ideally suited as a holding property—generating rental income now while appreciating in value for the future. Even more compelling, the **adjacent lot is also available for sale**, combining to form a 50’ x 120’ parcel perfect for higher-density redevelopment (subject to city approval). Whether you’re a builder, investor, or future homeowner, this is a strategic opportunity to secure a revenue-generating property with strong development potential in one of Calgary’s most vibrant inner-city neighbourhoods


Property Details

Style2 Storey
View-
Age of property1994
SqFt~1471.25 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2215699
Community NameCrescent Heights
Data SourcePILLAR 9
Listing byRoyal LePage Benchmark

Features

Heating: Forced Air
Basement: Finished,Full

Second Floor

Bedroom

14`4" x 13`7"

Bedroom - Primary

15`10" x 16`0"

4pc Ensuite bath

11`0" x 8`8"

4pc Ensuite bath

7`9" x 4`1"


Features

Patio: Deck,Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property History

Apr 29, 2025
ListedActive
$820,000
2 days on market
history photo preview35
Listing by pillar 9®
Property listed by Royal LePage Benchmark, Brokerage
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Market Data - Crescent Heights

Geo Zone Map ThumbnailCrescent Heights

Strong Buyer'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

10 days

Compared to

2024

23 days

2023

33 days

New Listings

Past 30 days

7 listings

Compared to

2024

9 listings

2023

11 listings

Units sold

Past 30 days

1 unit

Compared to

2024

3 units

2023

6 units

Median Sold Price

Past 30 days

$627,000

Compared to

2024

$820,000

2023

$645,000


Population and Demographics

Overview

Total population 5486
Average household income $145,563

Age (%)

20 to 34
32%
35 to 49
25%
50 to 64
18%
65 and plus
13%
0 to 19
12%

Household composition (%)

Single person
50%
Single family
42%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
79%
Yue (Cantonese)
5%
Mandarin
3%
Spanish
3%
French
2%
Others
2%
Arabic
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Renters
57%
Owners
43%

Schools and amenities

Estimated Budget