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Prime Opportunity in Varsity Acres – Priced for IMMEDIATE ACTION at $719,000!! Welcome to this well-maintained and thoughtfully updated bungalow located in one of Calgary’s most sought-after neighbourhoods – Varsity Acres. This home has had just three owners since it was built, reflecting a long history of pride and care. Perfectly situated on a quiet street, inside a school zone, you’re just steps away from top-rated schools, transit, Market Mall, the University of Calgary, and Foothills Hospital. This is a rare opportunity to secure location, lifestyle, and long-term potential all in one package. Key Features: Over 1,200sqft on the main floor, BEAUTIFULLY RENOVATED main bathroom, UPDATED kitchen with newer cabinetry and appliances, ORIGINAL HARDWOOD FLOORS with timeless character. Three spacious main-floor bedrooms, FULLY FINISHED BASEMENT with a large bedroom next to a bathroom, plus plenty of room for a sectional, TV area, and bar setup – ideal for relaxing or entertaining. Outdoor Highlights: SUNNY, WEST-FACING BACKYARD for afternoon light and evening enjoyment. Large, functional deck – perfect for summer BBQs. EXTRA-LARGE DOUBLE DETACHED GARAGE with ample storage, and workshop space. Bonus space beside the garage offers potential for an additional parking pad – great for a third vehicle, RV, or trailer. Bonus Value: Priced well below the 2024 City of Calgary assessed value of $823,000. Listing price reflects the home’s current condition, including an aging roof, original windows and doors, and a weathered, but fully usable deck. Pre-inspection report available – offering transparency and peace of mind for prospective buyers. While some features remain original, the home is structurally sound and provides the perfect canvas to upgrade and build equity over time. Classic mid-century design, lovingly maintained – with important updates already done, including the kitchen and main bathroom. RARE OPPORTUNITY to get into Varsity Acres on a full-sized lot at this price, in a quiet and mature location. If you’re looking for a Varsity bungalow with excellent fundamentals, modern touches, and real investment potential, this is the one. IMMEDIATE POSSESSION AVAILABLE. Book your private showing today – homes like this don’t last long in Varsity Acres.
Current real estate data for Single Family in Calgary as of Jul 26, 2025
4,318
Single Family Listed
40
Avg DOM
482
Avg $ / SqFt
$834,200
Avg List Price

Property Details

Price:
$719,000
MLS #:
A2241835
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Varsity
Listed Date:
Jul 22, 2025
Finished Sq Ft:
1,228
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1965
VarsityAdditional ParkingAlley AccessDouble Garage DetachedGarage Door OpenerGarage Faces RearOff StreetRv Access/parkingFinishedFullPie Shaped Lot

Schools

Interior

Appliances
Dishwasher, Dryer, Freezer, Garage Control(s), Garburator, Gas Stove, Range Hood, Refrigerator, Washer, Water Softener
Basement
Finished, Full
Bathrooms Full
2
Laundry Features
In Basement, Laundry Room

Exterior

Exterior Features
Garden, Private Yard
Lot Features
Pie Shaped Lot
Lot Size Dimensions
Front/ West: 12.80, South: 34.75, East: 21.96, North: 33.52
Parking Features
Additional Parking, Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Off Street, R V Access/ Parking
Parking Total
2
Patio And Porch Features
Deck, Front Porch
Roof
Asphalt Shingle

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Property Summary

    Located in the Varsity subdivision, 5007 Vallance Crescent NW Calgary AB is a Single Family for sale in Calgary, AB, T3A 0T7. It is listed for $719,000 and features 4 beds, 2 baths, and has approximately 1,228 square feet of living space, and was originally constructed in 1965. The current price per square foot is $586. The average price per square foot for Single Family listings in Calgary is $482. The average listing price for Single Family in Calgary is $834,200. To schedule a showing of MLS#a2241835 at 5007 Vallance Crescent NW in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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