120 54 Avenue NW

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$499,800

120 54 Avenue NW

Thorncliffe, Calgary · MLS® A2345847

414

1,008 sq ft · 557 m² lot · House · Single Family · built 1955 · 38 days on market

listed by Taleb Assef, Royal LePage Solutions

realtor's description

Charming classic neighborhood with a purely good soul and abundant homes with potential, here is an opportunity for just that. Someone willing to take this amazing location land and home and transform it to almost anything you could ever want. Home is solid and can be renovated or build your investment with new homes on the land, House has 3 bedrooms on the main floor and a developed basement, can be easily rented until your new plans are made on this 60ft wide peice of land. Were pricing to sell dont miss out call today for all information. Builders & investors are welcome.

property details

type: House, Single Family
bedrooms: 4
bathrooms: 1
living area: 1,008 sq ft
lot: 557 m²
parking: 4
year built: 1955
property tax: $3,491 / yr
days on market: 38
MLS®: A2345847

features

See remarks
Back lane
Level
See remarks

city assessment

$525,000

2026 assessment · market value as of July 1, 2025

Up 1.3% from $518,500 in 2025
$382,500 in 2016 (37% over ten years)
Asking price is 5% below the assessment
Built 1955
Lot 557 m² (5,995 sq ft)

roll year	assessed
2026	$525,000
2025	$518,500
2024	$441,500
2023	$410,000
2022	$365,000
2021	$354,500
2020	$359,500
2019	$390,500

From City of Calgary open data (property assessments), matched to 120 54 AV NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $3,491 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $3,491 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$2,468/mo

Mortgage $2,178 · Tax $291

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,178/ monthly

loan $399,840

25-year amortization

down payment20% · $99,96020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $253,434
land title fees: $1,000; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $100,960; down + land title fees
total paid: $653,274

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.