realtor's description

Prime R-C2 inner-city development opportunity in Marda Loop / South Calgary • 50' x 125' corner lot with outstanding potential for builders, investors, and developers. R-C2 allows the redevelopment of single-detached, semi-detached, and duplex homes. Homes may include a secondary suite or backyard suite. Excellent central location close to shops, restaurants, parks, schools, transit, and quick access to downtown. Existing structure is sold as-is where-is. Sold as land value.

property details

type: Land, Vacant Land
lot: 579 m²
parking: 0
property tax: $5,031 / yr
days on market: 51
MLS®: A2342322

city assessment

$756,500

2026 assessment · market value as of July 1, 2025

Up 11.3% from $679,500 in 2025
$489,500 in 2016 (55% over ten years)
Asking price is 32% above the assessment
Built 1946
Lot 580 m² (6,244 sq ft)

roll year	assessed
2026	$756,500
2025	$679,500
2024	$613,000
2023	$550,500
2022	$517,500
2021	$531,500
2020	$522,000
2019	$575,000

From City of Calgary open data (property assessments), matched to 1902 33 AV SW. 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 $5,031 a year

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

The listing shows $5,031 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

$4,772/mo

Mortgage $4,353 · Tax $419

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

estimated payment

$4,353/ monthly

loan $799,200

25-year amortization

down payment20% · $199,80020%+ 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: $506,564
land title fees: $1,900; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $201,700; down + land title fees
total paid: $1,305,764

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

location

South Calgary, CalgaryGoogle Maps ↗

Drive times

Richmond3 min
Master's College4 min
Mount Royal University5 min
Downtown Calgary8 min
Sheldon M. Chumir Health Centre9 min
YYC airport28 min

Rapid transit: Shaganappi Point CTrain station, 2.4 km (about 38 min walk).

97

Walkability 97/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 34 places to eat or drink, 9 cafes, 7 parks and playgrounds, 2 schools, 2 pharmacies, 19 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

location

South Calgary, CalgaryGoogle Maps ↗

Rapid transit: Shaganappi Point CTrain station, 2.4 km (about 38 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Dr. Oakley School605 m
Elementary · Catholic Sacred Heart Elementary School1.9 km
Middle · Catholic St. Anthony2.4 km
Secondary · Catholic Bishop Carroll High School1.7 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

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