3207 Castle Road NW

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$899,000

3207 Castle Road NW

Banff Trail, Calgary · MLS® A2326685

322

1,070 sq ft · 579 m² lot · House · Single Family · built 1956 · 112 days on market

listed by Kevin Luc, Real Estate Professionals Inc.

realtor's description

Prime R-C2 development opportunity on a rare 52’ x 120’ oversized lot with back lane access in Banff Trail! Tucked away on a quiet street backing directly onto a strip of green space, this premium inner-city property offers limitless future potential. Location is unbeatable—steps from the U of C, McMahon Stadium, shopping, and transit with easy commute to downtown. The existing fully finished bungalow is completely liveable, making it the perfect turnkey holding property to generate steady rental income while drafting your development plans. Features a functional main floor with 2 bedrooms 3-piece bath, plus a separate-entrance to the lower level with a rec room, a 3rd bedroom and another 3-piece bath. The basement has a kitchennette but is not legally suited. Properties on this coveted street are rarely available. Don't miss out!

property details

type: House, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,070 sq ft
lot: 579 m²
parking: 2
year built: 1956
property tax: $5,340 / yr
days on market: 112
MLS®: A2326685

features

See remarks
Back lane
Washer
Refrigerator
Range
Dryer

city assessment

$803,000

2026 assessment · market value as of July 1, 2025

Up 1.3% from $793,000 in 2025
$624,500 in 2016 (29% over ten years)
Asking price is 12% above the assessment
Built 1956
Lot 580 m² (6,239 sq ft)

roll year	assessed
2026	$803,000
2025	$793,000
2024	$691,000
2023	$646,000
2022	$597,500
2021	$573,000
2020	$581,000
2019	$616,000

From City of Calgary open data (property assessments), matched to 3207 CASTLE RD 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 $5,340 a year

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

The listing shows $5,340 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

$4,362/mo

Mortgage $3,917 · Tax $445

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

estimated payment

$3,917/ monthly

loan $719,200

25-year amortization

down payment20% · $179,80020%+ 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: $455,857
land title fees: $1,720; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $181,520; down + land title fees
total paid: $1,175,057

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