INVESTOERS ALERT!!!! Welcome to Old Town Airdrie—a prime location adjacent to the Service Commercial District (CS) that offers real opportunity for developers and savvy buyers. This property sits on a 75 x 120ft lot that could be used in a multitude of different ways for future development, or kept intact as a move-in ready home with a live/work setup. The current improvements consist of a fully developed 1,078 sq ft air-conditioned bungalow that has been extensively upgraded inside and out. On the main level you’ll find two bedrooms with California closets, a large office/den with built-in shelving, and an open-concept kitchen and dining area featuring, SS appliances, a gas stove &' granite countertops and a breakfast bar. The front entrance opens to a bright living room with a fully operational brick fireplace and gas lighter, adding both ambiance and warmth. The master bedroom opens directly onto a huge deck, perfect for outdoor entertaining. The main level also includes a fully updated four-piece bath.
The lower level is fully developed with an additional bedroom, a three-piece bath, laundry, and a spacious games or family room that includes an efficient firebox-style insert for cozy winter nights. Parking is ample, with space for six vehicles and an oversized single-car garage/shop that provides flexible space for a home office, studio, or small business operations. This is a rare blend of residential comfort with instant live/work potential in a walkable, revitalizing neighborhood.
From an investment perspective, the property’s CS zoning and subdivision potential into three lots offer multiple exit strategies: you can subdivide for sale as individual parcels, assemble for a larger development, or maintain a single-site live/work configuration with ongoing cash flow. Old Town Airdrie benefits from high visibility and easy access to major corridors, services, and amenities, making it attractive for both tenants and buyers seeking convenience and character. The neighborhood offers a mix of local shops, dining, parks, schools, and transit options that support sustained demand for versatile spaces. Note – some of the pictures are virtually staged.
The lower level is fully developed with an additional bedroom, a three-piece bath, laundry, and a spacious games or family room that includes an efficient firebox-style insert for cozy winter nights. Parking is ample, with space for six vehicles and an oversized single-car garage/shop that provides flexible space for a home office, studio, or small business operations. This is a rare blend of residential comfort with instant live/work potential in a walkable, revitalizing neighborhood.
From an investment perspective, the property’s CS zoning and subdivision potential into three lots offer multiple exit strategies: you can subdivide for sale as individual parcels, assemble for a larger development, or maintain a single-site live/work configuration with ongoing cash flow. Old Town Airdrie benefits from high visibility and easy access to major corridors, services, and amenities, making it attractive for both tenants and buyers seeking convenience and character. The neighborhood offers a mix of local shops, dining, parks, schools, and transit options that support sustained demand for versatile spaces. Note – some of the pictures are virtually staged.
Property Details
Price:
$485,000
MLS #:
A2278819
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Old Town
Listed Date:
Jan 16, 2026
Finished Sq Ft:
1,078
Lot Size:
8,998 sqft / 0.21 acres (approx)
Year Built:
1970
See this Listing
Schools
Interior
Appliances
Central Air Conditioner, Dishwasher, Gas Stove, Humidifier, Range Hood, Refrigerator, Window Coverings
Basement
Full
Bathrooms Full
2
Laundry Features
None
Exterior
Exterior Features
Fire Pit
Lot Features
Back Lane, Landscaped, Level, Private, Rectangular Lot
Parking Features
Carport, Single Garage Detached
Parking Total
5
Patio And Porch Features
Deck
Roof
Asphalt Shingle
Financial
Map
Community
- Address516 2 Avenue NE Airdrie AB
- SubdivisionOld Town
- CityAirdrie
- CountyAirdrie
- Zip CodeT4B1R4
Subdivisions in Airdrie
- Airdrie Meadows
- Bayside
- Baysprings
- Bayview
- Big Springs
- Canals
- Chinook Gate
- Cobblestone Creek
- Coopers Crossing
- Downtown
- East Lake Industrial
- Edgewater
- Edmonton Trail
- Fairways
- Gateway
- Hillcrest
- Jensen
- Key Ranch
- Kings Heights
- Kingsview Industrial Park
- Lanark
- Luxstone
- Meadowbrook
- Midtown
- Morningside
- Old Town
- Prairie Springs
- Ravenswood
- Reunion
- Ridgegate
- Sagewood
- Sawgrass Park
- Sierra Springs
- Silver Creek
- South Point
- South Windsong
- Southwinds
- Stonegate
- Summerhill
- The Village
- Thorburn
- Wildflower
- Williamstown
- Willowbrook
- Windsong
- Woodside
- Yankee Valley Crossing
Market Summary
Current real estate data for Single Family in Airdrie as of Jan 24, 2026
281
Single Family Listed
55
Avg DOM
359
Avg $ / SqFt
$636,794
Avg List Price
Property Summary
- Located in the Old Town subdivision, 516 2 Avenue NE Airdrie AB is a Single Family for sale in Airdrie, AB, T4B1R4. It is listed for $485,000 and features 3 beds, 2 baths, and has approximately 1,078 square feet of living space, and was originally constructed in 1970. The current price per square foot is $450. The average price per square foot for Single Family listings in Airdrie is $359. The average listing price for Single Family in Airdrie is $636,794. To schedule a showing of MLS#a2278819 at 516 2 Avenue NE in Airdrie, AB, contact your Rob Johnstone agent at (403) 730-2330 .
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