* * * OPEN HOUSE SUNDAY JUNE 29th 12-2 PM * * * Prime Redevelopment or Investment Opportunity in Winston Heights! This 50’ x 115’ inner city lot in one of Calgary’s most desirable neighborhoods, Winston Heights, offers incredible potential. Zoned R-CG, this property provides the perfect canvas for a redevelopment project, including the possibility to build a 4-plex with 4 legal secondary suites, or you can hold as a solid cash-flowing asset. Currently, the property features a 2-bedroom main floor unit and a 2-bedroom illegal basement suite with its own separate entrance, offering great rental income potential. The property could generate 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 the 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:
$599,900
MLS #:
A2217216
Status:
Active
Beds:
4
Baths:
2
Address:
516 32 Avenue NE
Type:
Single Family
Subtype:
Detached
Subdivision:
Winston Heights/Mountview
City:
Calgary
Listed Date:
May 5, 2025
Province:
AB
Finished Sq Ft:
817
Postal Code:
222
Lot Size:
5,747 sqft / 0.13 acres (approx)
Year Built:
1955
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
Contact Us
Similar Listings Nearby
- 220 Santana Bay NW
Calgary, AB$775,000
4.07 miles away
- 211 Hidden Valley Place NW
Calgary, AB$775,000
4.77 miles away
- 2315 Osborne Crescent SW
Calgary, AB$775,000
4.45 miles away
- 4204 Voyageur Drive NW
Calgary, AB$775,000
4.42 miles away
- 101 Wimbledon Crescent SW
Calgary, AB$775,000
4.84 miles away
- 507 Bernard Mews NW
Calgary, AB$775,000
4.04 miles away
- 4812 Carney Road NW
Calgary, AB$775,000
3.28 miles away
- 1638 15 Avenue SW
Calgary, AB$774,900
3.54 miles away
- 113 Confluence Mews SE
Calgary, AB$774,900
2.36 miles away
- 21 Panorama Hills Way NW
Calgary, AB$769,900
4.92 miles away

516 32 Avenue NE
Calgary, AB
LIGHTBOX-IMAGES