pillar/IMG-A2217216_1.jpg
7 days on Market

516 32 Ave, Calgary, Alberta T2E 2H2

Detached
2 + 2
2
~817.00 sqft
$669,900
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Detached
2 + 2
2
~817.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$819/sqft

Est. Mortgage$2,877/mo

Tax Amount (2024)$3,207/yr

Days On Market7 days


Description

Prime Redevelopment or Investment Opportunity in Winston Heights! This 50’ x 115’ inner city lot in one of Calgary’s most desirable neighborhoods, Winston Heights, offers incredible potential. Zoned R-CG, this property provides the perfect canvas for a redevelopment project, including the possibility to build a 4-plex with 4 legal secondary suites, or you can hold as a solid cash-flowing asset. Currently, the property features a 2-bedroom main floor unit and a 2-bedroom illegal basement suite with its own separate entrance, offering great rental income potential. The property could generate over $3,500 per month in rental income, making it an ideal choice for investors. The location is unbeatable – just minutes to downtown and Deerfoot Trail, half a block from major bus routes to SAIT and the University of Calgary, and directly across from Georges P. Vanier School. Enjoy easy access to nearby parks, the Winston Golf Course and local shopping, making this property perfect for families and tenants alike. Whether you’re looking to redevelop or hold for steady rental income, this is an opportunity you won’t want to miss.


Property Details

StyleBungalow
View-
Age of property1955
SqFt~817.00 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2217216
Community NameWinston Heights/Mountview
Data SourcePILLAR 9
Listing byRE/MAX Landan Real Estate

Features

Heating: Forced Air,Natural Gas
Basement: Separate/Exterior Entry,Finished,Full,Suite

Main Floor

Living Room

11`2" x 15`1"

Kitchen

11`8" x 12`8"

Bedroom - Primary

11`2" x 10`10"

Bedroom

11`7" x 10`7"


Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

May 2, 2025
ListedActive
$669,900
7 days on market
history photo preview45
Listing by pillar 9®
Property listed by RE/MAX Landan Real Estate, Brokerage
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Market Data - Winston Heights/Mountview

Geo Zone Map ThumbnailWinston Heights/Mountview

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

45 days

Compared to

2024

6 days

2023

21 days

New Listings

Past 30 days

5 listings

Compared to

2024

7 listings

2023

13 listings

Units sold

Past 30 days

2 units

Compared to

2024

3 units

2023

6 units

Median Sold Price

Past 30 days

$1,077,500

Compared to

2024

$890,000

2023

$605,000


Population and Demographics

Overview

Total population 3991
Average household income $154,711

Age (%)

35 to 49
25%
20 to 34
22%
50 to 64
19%
0 to 19
18%
65 and plus
15%

Household composition (%)

Single family
52%
Single person
39%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
80%
Yue (Cantonese)
5%
Others
2%
Spanish
2%
French
2%
Italian
2%
Mandarin
1%
Tagalog (Pilipino, Filipino)
1%
Arabic
1%

House tenancy (%)

Owners
53%
Renters
47%

Schools and amenities

Estimated Budget