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Home Communities Elbow Park 506 38 Avenue SW
$900,000 Active
506 38 Avenue SW · Calgary · T2S 0W1
3 bd 1.0 ba 1,154 sqft $780/sqft Built 1916
MLS® A2323877 · Listed Jun 25, 2026
Listed by Real Estate Professionals Inc. — Donna Rooney, Gary Cronin
By the numbers

How this listing measures up

$/sqft $780
vs Elbow Park median -64% community avg $2509K
Sqft per bedroom 385
Year built 1916
Annual taxes $5,210 2026
Garage 2 spaces
$/sqft distribution

Where this listing sits in Elbow Park

Of 12 active residential listings in Elbow Park, this property at $780/sqft sits in the $750–800 range.
$500–$550/sqft · 1 listing $550–$600/sqft · 1 listing $600–$650/sqft · 0 listings $650–$700/sqft · 0 listings $700–$750/sqft · 0 listings $750–$800/sqft · 2 listings $800–$850/sqft · 3 listings $850–$900/sqft · 1 listing $900–$950/sqft · 0 listings $950–$1000/sqft · 1 listing $1000–$1050/sqft · 0 listings $1050–$1100/sqft · 1 listing $1100–$1150/sqft · 1 listing $1150–$1200/sqft · 0 listings $1200–$1250/sqft · 1 listing $500 $600 $700 $800 $900 $1000 $1100 $1200 $1250 This · $780
Other active listings This listing's price range This listing

About this property

Charming character bungalow in prestigious Elbow Park, beautifully situated on a large corner lot along 38 Avenue SW. Rich in history and filled with timeless charm, this special property has been a gathering place for generations. Set on prime bottomland with fertile soil and exceptional south and east exposure, the home enjoys abundant natural light from sunrise to sunset, while the valley location offers a sheltered microclimate from prevailing winds. The location is outstanding—just steps to river pathways, highly regarded schools including Elbow Park School, downtown Calgary, restaurants, shopping, the Glencoe Club + the Elbow Park Community Centre with tennis courts, playground + seasonal skating rink. This is a rare opportunity to own a substantial lot in one of Calgary’s most sought-after inner-city neighborhoods. The property consists of two titled lots (see Title and RPR), with the bungalow situated on the west parcel. A long private driveway leads to a historic grandfathered wood garage, while a renovated former garage has been transformed into a versatile studio, nursery, or private office complete with its own walled patio + garden retreat. The expansive grounds are framed by mature hedges, English gardens, and towering evergreens, creating exceptional privacy + a beautiful natural setting. Inside, the home showcases hardwood floors, high ceilings, original details + a remarkably functional layout that lives larger than its footprint. Large windows fill the living and dining areas with natural light, while an original fireplace and charming piano nook add warmth and character. The inviting front porch overlooks the sunny gardens and quiet tree-lined street. The updated east-facing kitchen features newer cabinetry, a Kohler cast-iron farmhouse sink, JennAir electric stove + a 32-inch Vent-A-Hood range hood. Farrow & Ball paints + wallpaper enhance the home's timeless appeal. Three bedrooms + a beautifully preserved bathroom with an upgraded sink + the original claw-foot tub complete the main level. Numerous upgrades have been completed over the years, including replacement of all knob-and-tube wiring, new plumbing + a high-efficiency furnace. Three heat sources remain available: the historic tiled fireplace insert, original 1916 steam boiler + modern furnace system. A unique bonus is the attic, with ceiling heights exceeding seven feet at the peak and a large south-facing window, offering excellent potential for future development. The unfinished basement retains its historic character with original utility spaces including the former coal + wood room, cold storage area, laundry room, office nook + workshop. Original storm windows + authentic tin tile detailing in the historic garage further preserve the remarkable heritage of this truly special Elbow Park property.

Property details

Bedrooms3
Bathrooms1.0
StyleBungalow
HeatingForced Air,Natural Gas
CoolingNone
FlooringHardwood
LevelsOne
BasementFull
Basement developmentUnfinished
Interior featuresSee Remarks
AppliancesDryer,Electric Stove,Refrigerator,Washer,Window Coverings
InclusionsN/A
LaundryIn Basement
Lot size6673.00 sqft
Frontage89.11 ft
Lot featuresBack Yard,Corner Lot,See Remarks,Square Shaped Lot,Treed
Exterior featuresPrivate Yard
FencingPartial
PatioDeck,Front Porch
Year built1916
Construction materialsBrick,Stucco,Wood Frame,Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresConverted Garage,Off Street,Parking Pad,Single Garage Detached
Garage spaces2
Parking total4
Annual taxes$5,210
Tax year2026
PossessionNegotiable
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodElbow Park
Community featuresPark,Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
List AORCalgary

Location

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About Elbow Park

AI-generated summary

One of Calgary's most prestigious and storied inner-city neighbourhoods, Elbow Park exudes quiet elegance with tree-lined streets, mature landscaping, and a strong sense of established community along the banks of the Elbow River.

19 active listings with an average list price of $2,509,310
Homes are moving relatively briskly at an average of 23 days on market
Borders the Elbow River, offering direct access to Calgary's extensive riverside pathway network
Housing
Predominantly large, character homes ranging from original Craftsman and Tudor-style residences to extensively renovated and custom-built luxury properties on generous lots.
Transit
Moderately walkable with access to several bus routes; residents are a short drive or cycle from downtown, with the Elbow River pathway system offering excellent active transportation connections.
Amenities
Steps from the shops and restaurants of 4th Street SW and Britannia Plaza, with easy access to Stanley Park, the Glencoe Club, and top-rated public and private schools.
Who lives here
Primarily affluent, established families and professionals who value heritage charm, green space, and proximity to the city core without sacrificing privacy or prestige.
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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: Real Estate Professionals Inc. — Donna Rooney, Gary Cronin.