3 Creston Crescent Nw, Calgary, AB, T2M 4J9

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!

More About 3 Creston Crescent Nw, Calgary, AB

3 Creston Crescent Nw Calgary is located in the neighbourhood of Banff Trail. The community of Banff Trail has 31 available properties. Banff Trail makes up 0.46% of the 6,766 total properties listed in Calgary. Homes in Banff Trail are listed for an average price of $1,105,013. That is 61.35% higher than the average asking price of $684,847 found across all Calgary properties for sale. If you would like to see other homes like 3 Creston Crescent Nw Calgary please reach out to us 403-879-4145. Properties like 3 Creston Crescent Nw can come and go quickly and it's a big reason why having a personalized strategy and search set up for you is key. Let us know how we can help so we don't miss out on 3 Creston Crescent Nw Calgary or another home like it in the future. Get directions to 3 Creston Crescent Nw Calgary.

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