$799,900
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1616 3 Street Nw, Calgary, AB T2M2X8

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3 Beds
1 Bath
1,148 Sq Ft

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! This is an incredible opportunity to acquire a PRIME 49' x 107' MC-1 PARCEL with an APPROVED DEVELOPMENT PERMIT for 8 UNITS in Crescent Heights! With the blanket zoning repeal now passed, and new changes coming to R-CG to limit townhome density and allowable build locations, OPPORTUNITIES TO BUILD AT THIS DENSITY ARE FEW AND FAR BETWEEN! Plus, with DP approval already in place, you can avoid the chaos and the long wait times at the City of Calgary and start building right away. The approved 8-unit project features 4 thoughtfully designed 2-storey upper units, each with the option to develop as either 2-bed/2.5-bath or 3-bed/1.5-bath configurations, depending on preference and your target market. The 4 lower-level units are all 1-bed/1 bath, with separate entrances and private laundry areas. The existing property would also be IDEAL AS A BUY AND HOLD INVESTMENT. With over 1100 sq ft above grade, this 1.5 storey character home offers 3 bedrooms + den above grade, including 1 bedroom and full bathroom on the main floor, and 2 beds and a den upstairs. A fully finished basement offers an additional bedroom/flex room (window may not meet current egress requirements) and a 3-pc bathroom. Perfectly located in the highly desirable inner-city community of Crescent Heights, this property offers unbeatable access to amenities, transit, and downtown. Tenants will enjoy being steps from restaurants, cafs, shopping, and services along Centre Street and 16 Avenue, while downtown Calgary is just a 4-minute drive or 30-minute walk away. Nearby parks and recreation include Crescent Park, the Crescent Heights Community Association, tennis courts, playgrounds, and the iconic Crescent Road ridge with stunning downtown skyline views. Princes Island Park is also within walking distance. Families and students benefit from proximity to schools, including Rosedale School, Crescent Heights High School, and SAIT, all within walking or a short d rive. This is a turnkey investment opportunity with significant upside in one of Calgarys most sought-after inner-city communities. *Development Permit Approval is subject to compliance with all DP conditions* *DP Plans are available for review upon request* * Property photos are from a few years ago and may not reflect the current state of the property** VIEW MULTIMEDIA LINK FOR FULL DETAILS! ** (id:58753)

Listing By: Michael Johnston - RE/MAX House of Real Estate cncrea2 Realty.com
  • MLS® A2310978
  • Date Listed05/14/2026
  • Days on Realty 20 Days
  • Bedrooms 3
  • Bathrooms 1 baths
  • Lot Size 5,167 sq. ft
  • Subdivision Crescent Heights
  • Year Built 1910
  • Square Feet 1,148 sq. ft
  • Price Per Sq. Ft $696.78

Interior Features

  • Appliances None
  • Flooring Tile, Hardwood, Carpeted
  • Cooling None
  • Heating Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 5,166.68
  • Lot Features Cul-de-sac, See remarks

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T2M2X8

Discover key demographics, population statistics, and environmental insights for the Calgary, AB area.

Walkability in AB / T2M2X8

Source: Walk Score

81/100

Very Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

84/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

15 nearby routes: 15 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 55/100, Bike Score: 75/100.

Points of Interest near 1616 3 Street NW, Calgary, AB T2M2X8

Frequently Asked Questions for 1616 3 Street NW

Source: Realty.com

1616 3 Street NW, Calgary, AB T2M2X8 in Crescent Heights, Calgary, AB T2M2X8 is a single family residence listed at $799,900. Highlights include 3 bedrooms, 1 bathroom, 1,148 sq. ft., built in 1910, $697 per sq. ft.. Realty.ca has 27 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 27 photos of 1616 3 Street NW.

Our records indicate that 1616 3 Street NW was built in 1910.

The full address for this home is 1616 3 Street NW, Calgary, AB T2M2X8.

1616 3 Street NW has been listed on Realty.com since Thu May 14, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 55/100, Bike Score: 75/100.

Listing provided courtesy of: RE/MAX House of Real Estate
Listing agent: Michael Johnston

This content last refreshed on 2026-06-03 23:20:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.