JV Realty

Jonathan Varkey REALTOR®

(587) 436-4289

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185 Cornwallis Drive NW, Calgary, Alberta

$949,000

4 Beds
4 Baths
1,980 Square Feet

ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we’ve seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won’t last in today’s market. Act quickly to secure your piece of Cambrian Heights! (id:23309)

Listing ID: A2219804
Property Type: Single Family
Year Built: 1958

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Rooms

Level	Type	Dimensions
3pc Bathroom	Basement	5.92 Ft x 5.08 Ft
3pc Bathroom	Basement	8.00 Ft x 4.92 Ft
4pc Bathroom	Basement	5.00 Ft x 8.42 Ft
Bedroom	Basement	12.42 Ft x 14.83 Ft
Kitchen	Basement	13.75 Ft x 7.25 Ft
Kitchen	Basement	12.33 Ft x 13.33 Ft
Living room	Basement	12.92 Ft x 13.75 Ft
Office	Basement	9.83 Ft x 13.50 Ft
Recreational, Games room	Basement	13.75 Ft x 12.75 Ft
Storage	Basement	4.08 Ft x 3.25 Ft
Furnace	Basement	16.33 Ft x 19.92 Ft
5pc Bathroom	Main level	12.08 Ft x 5.50 Ft
Bedroom	Main level	14.08 Ft x 11.67 Ft
Bedroom	Main level	12.08 Ft x 10.33 Ft
Dining room	Main level	12.58 Ft x 16.17 Ft
Foyer	Main level	10.25 Ft x 6.17 Ft
Kitchen	Main level	16.75 Ft x 15.92 Ft
Living room	Main level	18.92 Ft x 19.92 Ft
Primary Bedroom	Main level	14.17 Ft x 11.75 Ft
Sunroom	Main level	12.25 Ft x 19.50 Ft

Details

Architectural Style: Bungalow
Amenities Nearby: Park, Playground, Schools, Shopping
Features: Back lane, PVC window
Ownership: Freehold
Parking Spaces: 1
Plan: 9043HA
Structure: Deck
Transaction: For sale
Zoning Description: R-CG

Building

Appliances: Refrigerator, Dishwasher, Stove, Washer & Dryer
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Basement Features: Separate entrance, Walk out
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Constructed Date: 1958
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Brick, Wood siding
Fireplace Present: False
Flooring: Ceramic Tile, Hardwood
Foundation: Poured Concrete
Bathrooms (Total): 4
Heating: Forced air
Size Interior: 1980 sqft
Stories Total: 1
Total Finished Area: 1980.22 sqft
Type: House

Land

Amenities: Park, Playground, Schools, Shopping
Fence: Partially fenced
Size Frontage: 30.48 m
Size Irregular: 637.00
Size Total: 637 m2|4,051 - 7,250 sqft

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 185 Cornwallis Drive NW in Calgary Ontario. It was last modified on May 10th, 2025. Contact Jonathan Varkey to schedule a viewing or to discover other Calgary real estate for sale.

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