203 42 Avenue SW

Parkhill · Calgary · Multi-Family · MLS® A2348856

8 bed4 bath2,683 sq ftbuilt 19616,846 sq ft lot

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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. Unit 203A (3 Bedroom, 1 Bathroom) has been recently updated with new stainless steel appliances.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. You could live in one unit and rent the other 3 units, or hold this property as a 4 unit rental building. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill!

Above grade: 2,683 sq ftas filed on the MLS® record

The $/sq ft on this page uses the above-grade figure only, because that is what the sold record it is compared against uses. Developed area includes the basement and is not comparable to it.

Market context

This record covers a multi-unit project, so the floor area in the feed is the total across every unit. We do not publish a $/sq ft for it — the number would be meaningless.

A cohort median is not a valuation of this home. It says where the asking price sits against comparable sales — it does not price the lot, the finish level or the stage of construction.

Loads from the listing brokerage's tour provider

The full record

MLS® number: A2348856
Property type: Multi-Family
Ownership: Freehold
Bedrooms: 8 (6 up, 2 down)
Bathrooms: 4
Floor area: 2,683 sq ft
Year built: 1961
Storeys: 1
Architectural style: Bungalow
Lot area: 6,846 sq ft
Frontage: 65.0 ft
Depth: 100.4 ft
$ per sq ft of lot: $172
Zoning: R-CG
Basement: Full (Finished)
Basement features: Separate entrance, Suite
Foundation: Poured Concrete
Construction: Wood frame
Exterior finish: Stucco
Heating: Forced air
Fireplaces: 1
Flooring: Hardwood, Laminate, Linoleum, Tile, Vinyl Plank
Parking: Attached Garage · 4 spaces
Appliances: Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
Fencing: Partially fenced
Nearby: Park, Playground, Schools, Shopping
Legal plan: 7808HH
Listed on: 2026-09-30
Days on market: 16

Room by room

Main level
Bedroom	9.7 × 10.7 ft
Primary Bedroom	12.4 × 13.2 ft
4pc Bathroom	9.7 × 7.8 ft
Kitchen	9.1 × 13.8 ft
Dining room	10.9 × 7.5 ft
Living room	17.2 × 14.4 ft
Bedroom	9.7 × 10.3 ft
Bedroom	10.7 × 9.7 ft
Bedroom	10.3 × 9.8 ft
Primary Bedroom	13.2 × 12.2 ft
4pc Bathroom	7.5 × 9.7 ft
Unknown
Bedroom	11.0 × 7.8 ft
4pc Bathroom	7.6 × 6.7 ft
4pc Bathroom	7.8 × 6.2 ft
Bedroom	9.8 × 12.9 ft

Listing courtesy of REMAX Innovations · Karlee Mushie. Data from the CREA Data Distribution Facility (DDF®), refreshed 2026-10-16 09:37, deemed reliable but not guaranteed. View on REALTOR.ca

Ask Karen about this one

Karen Mangat

RE/MAX House of Real Estate
4034 16 Street SW, Calgary, AB T2T 4H4

403-805-0482 · Email Karen

Rough monthly payment

—per month, principal & interest

Fixed-rate math with semi-annual compounding, the Canadian standard. 4.49% is a starting figure, not a quoted rate — enter the one your lender gives you. Under 20% down, mortgage insurance applies and is not included. Not a quote, not advice.