Welcome to this great condition move in ready bungalow with a NEW ROOF REPLACED IN 2025, 2 bedrooms on main floor and a 2 bedroom illegal basement suite with separate entrance in one of Calgary’s most desirable inner city neighborhoods, Winston Heights. Perfect for first time buyers. Also, PRIME REDEVELOPMENT or investment opportunity on 50’ x 115’ lot zoned R-CG providing the perfect canvas for a redevelopment project including the possibility to build a 4-plex with 4 legal secondary suites eligible for the sought after CMHC MLI SELECT program, or you can hold as a solid cash flowing asset offering great rental income with potential of generating over $3,500 per month in rental income, making it an ideal choice for investors. The location is unbeatable – just MINUTES TO DOWNTOWN and Deerfoot Trail, half a block from major bus routes to SAIT and University of Calgary, and directly across from Georges P. Vanier School. Enjoy easy access to nearby parks, the Winston Golf Course and local shopping, making this property perfect for families and tenants alike. Whether you’re looking to redevelop or hold for steady rental income, this is an opportunity you won’t want to miss.
Property Details
Price:
$609,900
MLS #:
A2255408
Status:
Active
Beds:
4
Baths:
2
Address:
516 32 Avenue NE
Type:
Single Family
Subtype:
Detached
Subdivision:
Winston Heights/Mountview
City:
Calgary
Listed Date:
Sep 12, 2025
Province:
AB
Finished Sq Ft:
817
Postal Code:
222
Lot Size:
5,747 sqft / 0.13 acres (approx)
Year Built:
1955
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, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator
Basement
Separate/ Exterior Entry, Finished, Full, Suite
Bathrooms Full
2
Laundry Features
In Basement
Exterior
Exterior Features
None
Lot Features
Back Lane, Landscaped, Rectangular Lot
Parking Features
Parking Pad
Parking Total
2
Patio And Porch Features
None
Roof
Asphalt Shingle
Financial
Map
Community
- Address516 32 Avenue NE Calgary AB
- SubdivisionWinston Heights/Mountview
- CityCalgary
- CountyCalgary
- Zip CodeT2E 2H2
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516 32 Avenue NE
Calgary, AB
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