Parkhill, Calgary · MLS® A2348856
844
2,684 sq ft · 636 m² lot · House · Multi-family · built 1961 · 25 days on market
listed by Karlee Mushie, REMAX Innovations
RARE INVESTMENT OPPORTUNITY IN PARKHILL! Situated on an oversized 6,800+ sq ft lot in one of Calgary's most sought after inner city communities, this full duplex offers exceptional holding income today with tremendous future upside.Each side features a spacious 3 bedroom upper suite and a 1 bedroom illegal basement suite, creating four income generating units in total. This property has experienced strong tenant demand with minimal vacancy over the years, making it an attractive opportunity for investors seeking reliable cash flow in a premier inner city location. Unit 203A (3 Bedroom, 1 Bathroom) has been recently updated with new stainless steel appliances.Whether you're looking to renovate, hold as a long-term investment, or redevelop, the possibilities are endless. Located just minutes from downtown, stampede park, and the amenities along Macleod Trail, this property offers unmatched convenience with easy access to transit, shopping, dining, and major commuter routes.Opportunities like this are rare. You could live in one unit and rent the other 3 units, or hold this property as a 4 unit rental building. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Nearest public (CBE) and Catholic schools, by distance
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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Rapid transit: 39 Avenue CTrain station, 300 m (about 5 min walk); Erlton/Stampede CTrain station, 1.8 km (about 28 min walk).
$858,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $858,500 |
| 2025 | $804,000 |
| 2024 | $691,500 |
| 2023 | $698,500 |
| 2022 | $628,500 |
| 2021 | $610,000 |
| 2020 | $579,500 |
| 2019 | $613,500 |
From City of Calgary open data (property assessments), matched to 203 42 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $5,709 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $4,968 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.
Rapid transit: 39 Avenue CTrain station, 300 m (about 5 min walk); Erlton/Stampede CTrain station, 1.8 km (about 28 min walk).
Walkability 78/100 · Walkable: many errands on foot
Within a 10 minute walk: 20 places to eat or drink, 3 cafes, 7 parks and playgrounds, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.