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Fantastic Investment Opportunity in Sought-After Varsity!
Opportunity knocks in Varsity! A timeless NW gem known for its top schools, green spaces and unbeatable convenience! This Charming 5-Bedroom, 2-Bath Bungalow offers over 2,000 sqft of developed living space in one of Calgary’s most desirable communities. Whether seeking a solid investment property or a flexible home with income potential, this versatile bungalow fits the bill. The main floor features 3 bedrooms, a full 4-piece bath, a spacious Living room, and a Kitchen with a center island, granite countertops, and an eating bar, perfect for family meals or entertaining. The fully finished basement has a separate entrance, 2 additional bedrooms, a 3-piece bath, and a generous living area, ideal for tenants, guests, or extended family.

Outside, enjoy a landscaped and fenced backyard with back lane access and a concrete pad that can accommodate an RV if needed, along with mature trees, a single detached garage, and a cozy front porch to enjoy while sipping your morning coffee. Located in Varsity, you&#39're minutes from the University of Calgary, shopping, transit, and top-rated schools, making this an excellent choice for both homeowners and investors. Live upstairs and rent the basement, or rent both levels for strong cash flow potential. This is an unbeatable location with serious upside. Don’t miss your chance to own in Varsity, this opportunity won’t last!
Current real estate data for Single Family in Calgary as of Sep 06, 2025
4,266
Single Family Listed
43
Avg DOM
473
Avg $ / SqFt
$823,266
Avg List Price

Property Details

Price:
$725,000
MLS #:
A2238851
Status:
Active
Beds:
5
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Varsity
Listed Date:
Jul 11, 2025
Finished Sq Ft:
1,118
Lot Size:
5,554 sqft / 0.13 acres (approx)
Year Built:
1967
GarageVarsitySeparate/exterior EntryFinishedFullBack LaneBack YardLandscapedRectangular LotTreed

Schools

Interior

Appliances
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Basement
Separate/ Exterior Entry, Finished, Full
Bathrooms Full
2
Laundry Features
In Basement

Exterior

Exterior Features
None
Lot Features
Back Lane, Back Yard, Landscaped, Rectangular Lot, Treed
Parking Features
Single Garage Detached
Parking Total
2
Patio And Porch Features
Front Porch, Patio
Roof
Asphalt

Financial

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Subdivisions in Calgary

Property Summary

    Located in the Varsity subdivision, 5122 48 Street NW Calgary AB is a Single Family for sale in Calgary, AB, T3A 0S9. It is listed for $725,000 and features 5 beds, 2 baths, and has approximately 1,118 square feet of living space, and was originally constructed in 1967. The current price per square foot is $648. The average price per square foot for Single Family listings in Calgary is $473. The average listing price for Single Family in Calgary is $823,266. To schedule a showing of MLS#a2238851 at 5122 48 Street NW in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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