ATTENTION DEVELOPERS &' INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we’ve seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won’t last in today’s market. Act quickly to secure your piece of Cambrian Heights!
Property Details
Price:
$899,000
MLS #:
A2219804
Status:
Active
Beds:
4
Baths:
4
Address:
185 Cornwallis Drive NW
Type:
Single Family
Subtype:
Detached
Subdivision:
Cambrian Heights
City:
Calgary
Listed Date:
May 10, 2025
Province:
AB
Finished Sq Ft:
1,980
Postal Code:
214
Lot Size:
6,856 sqft / 0.16 acres (approx)
Year Built:
1958
See this Listing
Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.
More About RobMortgage Calculator
Schools
Interior
Appliances
Dishwasher, Refrigerator, Stove(s), Washer/ Dryer
Basement
Separate/ Exterior Entry, Finished, Full, Walk- Out To Grade
Bathrooms Full
4
Laundry Features
Common Area
Exterior
Exterior Features
Garden
Lot Features
Back Lane, Corner Lot
Parking Features
Off Street, Single Garage Attached
Parking Total
1
Patio And Porch Features
Balcony(s), Deck
Roof
Asphalt Shingle
Financial
Map
Community
- Address185 Cornwallis Drive NW Calgary AB
- SubdivisionCambrian Heights
- CityCalgary
- CountyCalgary
- Zip CodeT2K 1V4
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185 Cornwallis Drive NW
Calgary, AB
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