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Home Communities Parkhill 203 42 Avenue SW
$1,200,000 Active
203 42 Avenue SW · Calgary · T2S1A7
8 bd 4.0 ba 2,684 sqft $447/sqft Built 1961
MLS® A2318753 · Listed Jun 10, 2026
Listed by REMAX Innovations — Karlee Mushie
By the numbers

How this listing measures up

$/sqft $447
vs Parkhill median +6% community avg $1137K
Sqft per bedroom 335
Year built 1961
Annual taxes $4,968 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Parkhill

Of 13 active residential listings in Parkhill, this property at $447/sqft sits in the $400–450 range.
$400–$450/sqft · 3 listings $450–$500/sqft · 2 listings $500–$550/sqft · 0 listings $550–$600/sqft · 2 listings $600–$650/sqft · 1 listing $650–$700/sqft · 1 listing $700–$750/sqft · 1 listing $750–$800/sqft · 1 listing $800–$850/sqft · 0 listings $850–$900/sqft · 0 listings $900–$950/sqft · 0 listings $950–$1000/sqft · 0 listings $1000–$1050/sqft · 1 listing $1050–$1100/sqft · 0 listings $1100–$1150/sqft · 1 listing $400 $500 $600 $700 $800 $900 $1000 $1100 $1150 This · $447
Other active listings This listing's price range This listing

About this property

RARE INVESTMENT OPPORTUNITY IN PARKHILL! Situated on an oversized 6,800+ sq ft lot in one of Calgary's most sought after inner city communities, this full duplex offers exceptional holding income today with tremendous future upside. Each side features a spacious 3 bedroom upper suite and a 1 bedroom illegal basement suite, creating four income generating units in total. This property has experienced strong tenant demand with minimal vacancy over the years, making it an attractive opportunity for investors seeking reliable cash flow in a premier inner city location. Whether you're looking to renovate, hold as a long-term investment, or redevelop, the possibilities are endless. Located just minutes from downtown, stampede park, and the amenities along Macleod Trail, this property offers unmatched convenience with easy access to transit, shopping, dining, and major commuter routes. Opportunities like this are rare. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill!

Property details

Bedrooms8
Bathrooms4.0
StyleAttached-Side by Side,Bungalow
HeatingForced Air
CoolingNone
FlooringHardwood,Laminate,Linoleum,Tile,Vinyl Plank
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresKitchen Island,Laminate Counters,Storage
AppliancesDishwasher,Electric Range,Refrigerator,Washer/Dryer
InclusionsN/A
LaundryIn Unit,Laundry Room,Multiple Locations
Lot size6845.00 sqft
Frontage65.03 ft
Lot featuresFront Yard,Low Maintenance Landscape
Exterior featuresPrivate Yard
FencingPartial
PatioNone
Year built1961
Construction materialsStucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDriveway,Single Garage Attached
Garage spaces2
Parking total4
Annual taxes$4,968
Tax year2025
Possession90 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodParkhill
Community featuresPark,Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
List AORCalgary

Location

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About Parkhill

AI-generated summary

Parkhill is a quiet, established inner-city neighbourhood with a relaxed residential feel, tucked along the Elbow River escarpment and offering a strong sense of community with easy access to the broader city.

Bordered by the Elbow River to the west, offering scenic pathway access
Close proximity to the vibrant Mission district for dining and shopping
Mature tree canopy and green spaces contribute to a peaceful, park-like atmosphere
Housing
The area features a mix of older bungalows, infill developments, and some semi-detached homes on mature, tree-lined streets.
Transit
Parkhill is served by Calgary Transit bus routes and is within cycling distance of the Elbow River Pathway, though a car remains helpful for most errands.
Amenities
Residents enjoy proximity to Stanley Park, the Elbow River pathways, and the shops and restaurants along nearby Mission and 4th Street SW.
Who lives here
The neighbourhood attracts a mix of long-time Calgary families, young professionals, and downsizers who value inner-city living without the density of neighbouring communities.
Full Parkhill community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: REMAX Innovations — Karlee Mushie.