Summary:
This side-by-side duplex, situated on a single title, presents a premier investment or redevelopment opportunity in the highly sought-after community of Varsity. Located at the legal address of 5224 32 Ave NW, the property includes two municipal addresses: 5222 (Right Side) and 5224 (Left Side, featuring an attached double garage).
Land & Location:
The property sits on a generous 9,000 sq. ft. lot (75’ frontage x 120’ depth). Its prime location offers effortless access to Market Mall, the Alberta Children’s Hospital, the University of Calgary, Bowmont Park, and major commuter routes including Highway 1 and Stoney Trail.
Development Potential:
With its substantial lot size and R-C2 zoning context, this property is an ideal candidate for multi-family conversion, such as townhomes, infill developments, or a fourplex.
Secondary Suite Potential: Both sides are well-suited for potential secondary suite applications, with parking criteria already fulfilled.
Unit Configuration: With minimal modifications, the property can accommodate four distinct units (approx. 1,000 sq. ft. each), typically featuring 2 bedrooms, 1 bathroom, and spacious living/dining areas.
Parking: The lot accommodates up to five parking spaces, including the double garage and three driveway stalls.
Current Layouts:
5222 (Right Side): Features 4 bedrooms (2 up/2 down) and 2 bathrooms. Includes a separate basement entrance, large recreation area, laundry room, and kitchen, ideal for an easy two-unit conversion.
5224 (Left Side): Similar layout to 5222, with the added benefit of the attached double garage.
Mechanical & Structural Upgrades (Approximate):
Roof: 2014.
Furnaces: 2010 and 2012.
Windows: Select windows replaced in 2014.
RPR: A 2015 Real Property Report with City Compliance is available. Please note: The seller cannot guarantee current RPR validity as the backyard fence was replaced in 2020.
Terms of Sale:
The property is currently vacant and easy to show. The house and all chattels are being sold "As-Is, Where-Is." Please use the specific purchase contract provided in the supplements/documents tab.
Data was last updated March 30, 2026 at 05:30 AM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$585,000
Min list price:
$240,000
Max list price:
$2,990,000
Avg days on market:
26
Min days on market:
2
Max days on market:
337
Avg price per sq.ft.:
$461.54
These statistics are generated based on the current listing's property type
and located in
Varsity. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.