By the numbers
How this listing measures up
$/sqft
$708
vs Richmond median
-6%
community avg $909K
Sqft per bedroom
400
Year built
1952
Annual taxes
$4,993
2025
Garage
1 space
$/sqft distribution
Where this listing sits in Richmond
Of 29 active residential listings in Richmond,
this property at $708/sqft
sits in the $700–750 range.
Other active listings
This listing's price range
This listing
About this property
Welcome to an ideal inner city home with built in income potential in the heart of Richmond. This move in ready bungalow with a legal, registered basement suite is perfectly suited for buyers looking for a smart mortgage helper, long term rental hold, or flexible short term rental strategy like AirBnb.
Set on a generous corner lot in one of Calgary’s most walkable and desirable communities, this property offers immediate cash flow without sacrificing lifestyle or location. Live upstairs while the legal suite helps offset your mortgage, or rent both levels and hold confidently in a proven inner city neighbourhood with strong long term demand.
The main level features two spacious bedrooms, warm hardwood flooring, a cozy fireplace, a bright four piece bathroom, and both living and family room spaces that make the home feel welcoming and functional. There is also a spacious office space that could be converted to a third bedroom if desired. The kitchen is filled with natural light thanks to large corner windows and includes a comfortable eating area, perfect for everyday living.
The lower level is a fully legal one bedroom suite with a large living area, full bathroom, and a newly renovated kitchen with vinyl plank flooring and ample storage. Shared laundry is conveniently located, along with plenty of additional storage space. Major updates include a newer furnace and roof, both completed in 2021, and updated deck and patio spaces in 2023.
Located just minutes from Marda Loop, Sandy Beach Park, downtown, Mount Royal University, and major commuter routes, this is a location that consistently attracts quality tenants and short term rental demand alike.
Whether you are looking to reduce your monthly carrying costs, build a reliable rental portfolio, or secure a flexible income property in a blue chip inner city neighbourhood, this home checks all the right boxes. Come see how this property can work for you today.
Property details
| Bedrooms | 3 |
| Bathrooms | 2.0 |
| Style | Bungalow |
| Heating | Forced Air,Natural Gas |
| Cooling | None |
| Flooring | Carpet,Ceramic Tile,Hardwood |
| Levels | One |
| Basement | Full |
| Basement development | Finished |
| Interior features | Built-in Features,Closet Organizers |
| Appliances | Dishwasher,Dryer,Electric Range,Microwave,Refrigerator,Washer,Window Coverings |
| Inclusions | N/A |
| Laundry | Laundry Room,Lower Level |
| Lot size | 8880.00 sqft |
| Frontage | 80.88 ft |
| Lot features | Back Lane,Back Yard,Corner Lot,Front Yard,Private |
| Exterior features | Private Yard,Storage |
| Fencing | Fenced |
| Patio | Deck |
| Year built | 1952 |
| Construction materials | Aluminum Siding ,Concrete,Metal Siding ,Wood Frame |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Single Garage Attached |
| Garage spaces | 1 |
| Parking total | 3 |
| Annual taxes | $4,993 |
| Tax year | 2025 |
| Possession | Immediate,Negotiable |
| Zoning | R-CG |
| Title | Fee Simple |
| Restrictions | Restrictive Covenant |
| Neighbourhood | Richmond |
| Community features | Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths |
| List AOR | Calgary |
Location
Sold comparables in Richmond
70 recent sales in Richmond
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Sign up to see sold dataAbout Richmond
AI-generated summaryRichmond is a well-established inner-city community with tree-lined streets and a quiet, residential feel, blending original character homes with modern infills just minutes from downtown Calgary.
31 active listings with an average list price of $933,825
Homes are averaging 41 days on market, suggesting a measured but active resale environment
Richmond borders the popular Marda Loop district, one of Calgary's most walkable retail nodes
Housing
The area features a mix of original bungalows and post-war homes alongside newer luxury infills and semi-detached builds, reflecting strong redevelopment interest.
Transit
Richmond enjoys good access to Calgary Transit bus routes and is within cycling distance of downtown, with Crowchild Trail and 17th Avenue SW providing convenient commuter connections.
Amenities
Residents are close to the vibrant shops, restaurants, and cafés of 17th Avenue SW and Marda Loop, with Glenmore Reservoir pathways nearby for outdoor recreation.
Who lives here
The community attracts a mix of long-time homeowners, young professionals, and families drawn by its inner-city location and strong community association.
This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.



