For Sale: 3 Creston Crescent NW, Calgary, AB - REW
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$899,000
7 bd • 3 ba • 1248 sf • House
3 Creston Crescent NW
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$899,000
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3 Creston Crescent NWCalgary, AB, T2M 4J9

Banff Trail
  • 7 Bed
  • 3 Bath
  • 1248 Sqft
  • House

About this home

50’ R-CG LOT | FRONTING GREEN SPACE | POTENTIAL 100’ CORNER ASSEMBLY | PRIME BANFF TRAIL LOCATION A rare opportunity in the heart of Banff Trail, this 50' x 120' property combines established rental income with meaningful long-term redevelopment potential in one of Calgary's most connected inner-city locations. The property retained its R-CG land use following the repeal of Calgary's blanket rezoning and sits in a transit-oriented area where significant higher-density redevelopment is already underway. It currently generates $4,275 per month, or $51,300 annually, with the three main-floor bedrooms rented individually at $800, $800 and $675, plus two illegal lower suites rented at $1,000 each, creating immediate holding income while a future plan takes shape. The location is a major part of the story. University LRT Station is nearby, with the University of Calgary campus just west of the property and SAIT/AUArts, downtown and the rest of the Red Line easily accessible. McMahon Stadium, Foothills Athletic Park and Foothills Aquatic Centre are all close by, along with Foothills Medical Centre and Alberta Children’s Hospital. Elementary, junior high and high schools are all located right in the community, while West Confederation/Canmore Park offers pathways, a pump track, splash park and an abundance of green space. The Banff Trail Community Association, local restaurants and coffee shops, North Hill Centre, Brentwood Village and everyday services are also within easy reach. The 1,248 sq ft main level offers a bright, functional layout with hardwood flooring through much of the living space, a large front living room, separate dining area, practical kitchen, three bedrooms and a full bathroom. The lower level adds approximately 1,109 sq ft and includes two illegal suites, each with kitchen and bathroom facilities, plus common laundry. Outside, the mature lot offers a private backyard, detached double garage, small storage shed and additional rear parking. Across the front of the home, a landscaped green space runs along Creston Crescent, adding a more open outlook, while additional street parking provides everyday convenience. From an investment perspective, the land is the long-term differentiator. The R-CG designation, TOD context and nearby higher-density redevelopment create a strong foundation for future consideration. There is also potential to explore an assembly with the neighbouring parcel to the south, which could create approximately 100' of frontage, subject to neighbour availability, terms and independent verification. Buyers can hold the property with income in place today while considering future redevelopment, higher density use or an assembly strategy, all subject to City approvals and buyer due diligence. A compelling Banff Trail opportunity where income, location and future land value come together. Welcome Home…or to your next project!
Listed by: Geoffrey Gordon, CIR Realty

Home facts and features

Price details
List Price
$899,000
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Home facts
Bedrooms
7
Full Bathrooms
3
Parking Spaces
2
Property Type
House
Lot Size
6099 ft²
Frontage
50.07 ft
Year Built
Built in 1956 (70 yrs old)
Style
Bungalow
Heating Type
Forced Air,Natural Gas
Pool
Pool
Basement Details
Full
Features
Back Lane, Back Yard, City Lot, Fire Pit, Front Yard, In Basement, No Animal Home, No Smoking Home, Park, Private Yard, Rectangular Lot, Schools Nearby, Separate Entrance, Sidewalks, Street Lights, Walking/bike Paths
Amenities
Clubhouse, Golf Course, Playground, Shopping Nearby, Storage, Tennis Courts
Appliances
Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
CIR Realty
Listing details
Days on REW
1 Day
MLS® Number
A2342846
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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Property Insights

William Aberhart High School
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Banff Trail School
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Branton School
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École St. Pius X School
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Capitol Hill School
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Westmount Mid/High School
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Senator Patrick Burns School
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University School
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Collingwood School
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St. Francis High School
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Geoffrey Gordon
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(403) 891-8027
Office:
403-247-7770
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