3 Creston Crescent NW,Calgary, AB T2M4J9
Calgary, AB T2M4J9
Description
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 Cresce nt, 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! (id:13843)
Details
| MLS # | A2342846 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1956 |
| Days On Site | 48 |
| Listing Provided By | CIR Realty | Geoffrey Gordon |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,248 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R-CG |
| Acreage | 0.14 |
| Golf Course | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Gas stove(s), Dishwasher, Dryer, Microwave, Window Coverings |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Back lane, No Animal Home, No Smoking Home |
|---|---|
| Construction Materials | Wood frame |
| Foundation Details | Poured Concrete |
| Fencing | Fence |
Parking
| Parking Features | Detached Garage, Parking Pad |
|---|---|
| Parking Total | 4 |
Taxes
| Tax Annual Amount | 5133 |
|---|---|
| Tax Block | 5 |
| Tax Lot | 36 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2M4J9 |
| Community Name | Banff Trail |
| Listing VS Median (in Banff Trail) | |
Price: $875,000 low | high Med: $959,000 sqft: 1,248 low | high Med: 1,792 $ / sqft: $701 low | high Med: $535 On site: 48 low | high Med: 75 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2M4J9 |
| Community Name | Banff Trail |
| Listing VS Median (in Banff Trail) | |
Price: $875,000 low | high Med: $959,000 sqft: 1,248 low | high Med: 1,792 $ / sqft: $701 low | high Med: $535 On site: 48 low | high Med: 75 | |
