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5 days on Market

5007 Vallance Cres, Calgary, Alberta T3A 0T7

Detached
3 + 1
2
~1228.00 sqft
$719,000
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Detached
3 + 1
2
~1228.00 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$585/sqft

Monthly cost

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Description

Prime Opportunity in Varsity Acres - Priced for IMMEDIATE ACTION at $719,000!! Welcome to this well-maintained and thoughtfully updated bungalow located in one of Calgary's most sought-after neighbourhoods - Varsity Acres. This home has had just three owners since it was built, reflecting a long history of pride and care. Perfectly situated on a quiet street, inside a school zone, you're just steps away from top-rated schools, transit, Market Mall, the University of Calgary, and Foothills Hospital. This is a rare opportunity to secure location, lifestyle, and long-term potential all in one package. Key Features: Over 1,200sqft on the main floor, BEAUTIFULLY RENOVATED main bathroom, UPDATED kitchen with newer cabinetry and appliances, ORIGINAL HARDWOOD FLOORS with timeless character. Three spacious main-floor bedrooms, FULLY FINISHED BASEMENT with a large bedroom next to a bathroom, plus plenty of room for a sectional, TV area, and bar setup - ideal for relaxing or entertaining. Outdoor Highlights: SUNNY, WEST-FACING BACKYARD for afternoon light and evening enjoyment. Large, functional deck - perfect for summer BBQs. EXTRA-LARGE DOUBLE DETACHED GARAGE with ample storage, and workshop space. Bonus space beside the garage offers potential for an additional parking pad - great for a third vehicle, RV, or trailer. Bonus Value: Priced well below the 2024 City of Calgary assessed value of $823,000. Listing price reflects the home's current condition, including an aging roof, original windows and doors, and a weathered, but fully usable deck. Pre-inspection report available - offering transparency and peace of mind for prospective buyers. While some features remain original, the home is structurally sound and provides the perfect canvas to upgrade and build equity over time. Classic mid-century design, lovingly maintained - with important updates already done, including the kitchen and main bathroom. RARE OPPORTUNITY to get into Varsity Acres on a full-sized lot at this price, in a quiet and mature location. If you're looking for a Varsity bungalow with excellent fundamentals, modern touches, and real investment potential, this is the one. IMMEDIATE POSSESSION AVAILABLE. Book your private showing today - homes like this don't last long in Varsity Acres.


Upcoming Open House

Jul 27Sun2:00 PM - 4:00 PM

Property Details

StyleBungalow
View-
Age of property1965
SqFt~1228.00 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2241835
Community NameVarsity
Data SourcePILLAR 9
Listing byMaxWell Canyon Creek

Features

Heating: Forced Air,Natural Gas
Basement: Finished,Full

Main Floor

Kitchen

17`1" x 10`0"

Living Room

18`4" x 12`7"

Bedroom - Primary

13`4" x 10`3"

Bedroom

10`3" x 9`0"


Features

Patio: Deck,Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property listed by MaxWell Canyon Creek, Brokerage
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Market Data - Varsity

Geo Zone Map ThumbnailVarsity

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

47 days

Compared to

2024

23 days

2023

19 days

2022

0 day

New Listings

Past 30 days

17 listings

Compared to

2024

13 listings

2023

19 listings

2022

4 listings

Units sold

Past 30 days

9 units

Compared to

2024

16 units

2023

13 units

2022

0 unit

Median Sold Price

Past 30 days

$1,350,000

Compared to

2024

$1,137,500

2023

$970,000


Population and Demographics

Overview

Total population 12685
Average household income $166,715

Age (%)

0 to 19
19%
20 to 34
23%
35 to 49
18%
50 to 64
17%
65 and plus
23%

Household composition (%)

Single family
57%
Single person
34%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
77%
Mandarin
5%
Yue (Cantonese)
4%
Others
3%
Spanish
2%
Iranian Persian
2%
Arabic
2%
French
2%
German
1%

House tenancy (%)

Owners
61%
Renters
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget