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Property Description

3604 Parkhill Street SW presents an exceptional inner-city redevelopment opportunity in one of Calgary’s most sought-after transit-oriented communities. Currently zoned M-C2, the property has already undergone a highly positive pre-application meeting with senior City planners supporting future M-H1 zoning with an anticipated 3.0–3.5 FAR, allowing for a potential 6-storey development consisting of approximately 20–25 residential units. Adding even greater value, recent changes through the Chinook Communities Local Area Plan have significantly relaxed parking requirements within the transit corridor, creating substantial development efficiencies and maximizing buildable potential. Included with the property are professionally designed plans for an 11-unit condominium building that previously received Development Permit approval from the City of Calgary. Although the DP expired last year, renewal is expected to be straightforward, offering an excellent near-term development path while larger rezoning plans are pursued. The existing residence is well maintained and income generating, featuring a large kitchen, living room, three bedrooms and a 5pc bath upstairs plus a fully separate private walk-out illegal basement suite with a spacious kitchen, living room, one bedroom and a 4pc bath. Both living spaces have been updated with newer appliances in the basement making the property ideal for holding during planning and permitting stages. An additional rare opportunity exists with the neighboring property also potentially available for acquisition, creating the possibility for a significantly larger assembly site with piggyback zoning potential for an estimated 60–100 unit mid-rise development. Rarely do opportunities arise combining immediate rental income, approved development plans, favorable zoning momentum, transit-oriented intensification, and large-scale assembly potential in a premier SW Calgary location. (id:53430)

Building

Property Type:
House
Building Type:
House
Style:
Bungalow
Year Built:
1957
Stories:
1.0
Bedrooms:
4
Bathrooms (total):
2.0
Basement:
Finished, Full, Separate entrance, Walk out, Suite

Finished Areas

Interior Size (Total):
1269 square feet
Above Grade:
1269 square feet

Interior

Flooring:
Hardwood, Carpeted, Ceramic Tile
Appliances:
Washer, Refrigerator, Cooktop - Electric, Dishwasher, Stove, Dryer, Oven - Built-In, Garage door opener

Parking

Spaces:
3
Features:
Attached Garage

Lot / Land

Lot Size:
672.0 square meters
Frontage:
24.68 meters

Exterior

Exterior Features:
Stucco, Wood siding
Construction:
Wood frame
Foundation:
Poured Concrete
Fencing:
Partially fenced

Utilities & Mechanical

Heating:
Forced air, Natural gas
Cooling:
None

Comfort & Security

Fireplace(s):
1

Fees & Dates

Property Taxes:
$5,500
Tax Year:
2025
Last Modified:
08/13/2026 03:20:00 AM
Status Change:
08/13/2026 03:17:30 AM

Association / Ownership

Common Interest:
Freehold

Room Dimensions

RoomLevelSize
Kitchen Main level 13.42 Ft x 15.58 Ft
Dining room Main level 9.75 Ft x 12.25 Ft
Living room Main level 12.25 Ft x 19.50 Ft
Kitchen Basement 11.50 Ft x 11.58 Ft
Living room Basement 11.42 Ft x 11.67 Ft
Primary Bedroom Main level 9.42 Ft x 14.58 Ft
Bedroom Main level 10.42 Ft x 11.42 Ft
Bedroom Main level 7.67 Ft x 11.42 Ft
Bedroom Basement 11.58 Ft x 13.25 Ft
Other Main level 3.58 Ft x 5.17 Ft
Other Basement 3.58 Ft x 4.33 Ft
Furnace Basement 11.83 Ft x 14.42 Ft
Other Main level 4.58 Ft x 15.08 Ft
5pc Bathroom Main level 8.00 Ft x 11.25 Ft
4pc Bathroom Basement 4.92 Ft x 8.25 Ft

Location

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Listing offered by: 2% Realty

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