House For Sale In Banff Trail, Calgary, Alberta

$899,000 QuickQuote^TM: $814K - $972K

3+4 Beds

3 Baths

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3 Creston Crescent NW, Calgary, AB, T2M 4J9

$899,000

7 Beds

3 Baths

Property Information:

50’ R-CG LOT | FRONTING GREEN SPACE | POTENTIAL 100’ CORNER ASSEMBLY | PRIME BANFF TRAIL LOCATION A rare opportunity in the heart of Banff Trail, this 50' x 120' property combines established rental income with meaningful long-term redevelopment potential in one of Calgary's most connected inner-city locations. The property retained its R-CG land use following the repeal of Calgary's blanket rezoning and sits in a transit-oriented area where significant higher-density redevelopment is already underway. It currently generates solid income with the three main-floor bedrooms rented individually plus two illegal lower suites, creating immediate holding income while a future plan takes shape.The location is a major part of the story. University LRT Station is nearby, with the University of Calgary campus just west of the property and SAIT/AUArts, downtown and the rest of the Red Line easily accessible. McMahon Stadium, Foothills Athletic Park and Foothills Aquatic Centre are all close by, along with Foothills Medical Centre and Alberta Children’s Hospital. Elementary, junior high and high schools are all located right in the community, while West Confederation/Canmore Park offers pathways, a pump track, splash park and an abundance of green space. The Banff Trail Community Association, local restaurants and coffee shops, North Hill Centre, Brentwood Village and everyday services are also within easy reach.The 1,248 sq ft main level offers a bright, functional layout with hardwood flooring through much of the living space, a large front living room, separate dining area, practical kitchen, three bedrooms and a full bathroom. The lower level adds approximately 1,109 sq ft and includes two illegal suites, each with kitchen and bathroom facilities, plus common laundry. Outside, the mature lot offers a private backyard, detached double garage, small storage shed and additional rear parking. Across the front of the home, a landscaped green space runs along Creston Crescent, adding a more open outlook, while additional street parking provides everyday convenience.From an investment perspective, the land is the long-term differentiator. The R-CG designation, TOD context and nearby higher-density redevelopment create a strong foundation for future consideration. There is also potential to explore an assembly with the neighbouring parcel to the south, which could create approximately 100' of frontage, subject to neighbour availability, terms and independent verification. Buyers can hold the property with income in place today while considering future redevelopment, higher density use or an assembly strategy, all subject to City approvals and due diligence. A compelling Banff Trail opportunity where income, location and future land value come together. Welcome Home…or to your next project!

Inclusions: Hood Fans (2), Refrigerators (3), Fire Pit in Yard

Building Features:

Total Finished Area: 1247.88

Property Features:

Architectural Style: Bungalow
Built in: 1956
Construction Materials: Vinyl Siding, Wood Frame
Cooling: None
Exterior Features: Fire Pit, Private Yard, Storage
Floor Space (approx): 1247.88 Square Feet
Flooring: Carpet, Hardwood, Tile
Foundation Details: Poured Concrete
Heating: Forced Air, Natural Gas
Interior Features: No Animal Home, No Smoking Home, Separate Entrance, Storage
Levels: One
Lot Size: 5995.00 Square Feet
Parking Features: Additional Parking, Alley Access, Double Garage Detached, Garage Faces Rear, Parking Pad
Roof: Asphalt Shingle
Zoning: R-CG
No. of Parking Spaces: 4

Courtesy of: CIR Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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