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Attention Homebuyers, Investors &#38' Builders! Here’s a rare opportunity in one of Calgary’s most desirable inner-city communities. Just one block from Bowness Park and the Bow River, this recently renovated 3-bedroom bungalow sits on a 50×120 R-CG lot, offering flexibility for living, renting, or future development. Move in and enjoy the updated interior, hold as a cash-flowing rental, or plan your next build — the choice is yours. The home features a detached garage and is located on a quiet, tree-lined street surrounded by beautiful homes and active redevelopment.
With R-CG zoning, the property has excellent long-term potential for a duplex, multi-unit development, or custom infill. Its prime location near the University of Calgary, Foothills Hospital, Children’s Hospital, and major transit routes makes it equally appealing to homeowners and investors. Whether you’re looking for a comfortable home in a fantastic neighbourhood, a strong rental property, or a future development site, this property delivers exceptional value in a high-demand location.
Current real estate data for Single Family in Calgary as of Jan 26, 2026
2,480
Single Family Listed
51
Avg DOM
470
Avg $ / SqFt
$832,191
Avg List Price

Property Details

Price:
$649,900
MLS #:
A2274658
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Bowness
Listed Date:
Dec 12, 2025
Finished Sq Ft:
1,086
Lot Size:
6,006 sqft / 0.14 acres (approx)
Year Built:
1954
GarageBownessFullBack Lane,back Yard,landscaped,rectangular Lot

Schools

Interior

Appliances
Dryer, Electric Stove, Refrigerator, Washer
Basement
Full
Bathrooms Full
2
Laundry Features
In Basement

Exterior

Exterior Features
Private Yard
Lot Features
Back Lane, Back Yard, Landscaped, Rectangular Lot
Parking Features
Double Garage Detached
Parking Total
2
Patio And Porch Features
Deck
Roof
Asphalt Shingle

Financial

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Subdivisions in Calgary

Property Summary

    Located in the Bowness subdivision, 8531 47 Avenue NW Calgary AB is a Single Family for sale in Calgary, AB, T3B 1Z8. It is listed for $649,900 and features 3 beds, 2 baths, and has approximately 1,086 square feet of living space, and was originally constructed in 1954. The current price per square foot is $598. The average price per square foot for Single Family listings in Calgary is $470. The average listing price for Single Family in Calgary is $832,191. To schedule a showing of MLS#a2274658 at 8531 47 Avenue NW in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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