For Sale · Calgary · Multi-family

$1,200,000

203 42 Avenue SW, Calgary

Beds

Baths

2,684

Sq Ft

1961

Built

About This Home

The details.

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.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. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill! (id:66635)

Summarizing the highlights...

MLS® A2318753Listing courtesy of REMAX InnovationsView on map Street view

Property Details

Facts & features.

Property type: Multi-family
Ownership: Freehold
Year built: 1961
Size: 2,684 sqft
Lot size: 636 square meters
Storeys: 1
Parking: 4 spaces
Listed on: 2026-06-10
Days on market: 35
MLS number: A2318753
Data source: Calgary Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Juliana Miu
VP Investor Management
Commercial, Residential, Investment Properties
Profile 604.889.5007

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$5,612

$960,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$5,612

Cash flow

-$5,612

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Calgary right now

3,654

Active listings

3,696

New this week

$285,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Calgary.

Household and demographic stats for Calgary, from the Statistics Canada 2021 Census.

1,306,784
Population (2021): 38
Median age: 502,305
Households: 2.6
Avg household size: 68.8%
Home ownership: $98,000
Median household income

Calgary market trends

Source: Statistics Canada 2021 Census, Calgary, City, Alberta.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Elboya School
public · elementary
1.1 km
St. Anthony
catholic · k12
1.1 km
Elbow Park School
public · elementary
1.3 km
Rideau Park School
public · elementary
1.3 km
Calgary Home Education
public · k12
1.4 km
William Reid School
public · elementary
1.9 km

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Public Records

What the city has on file.

Independent reference data for this property from the City of Calgary assessment roll (2026 assessment).

1961
Year built (city records): R-CG
Zoning district: LI
Ownership class

Assessed values are the municipal tax assessment, not a market appraisal. Contains information licensed under the Open Government Licence, City of Vancouver.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.