7711 39 Avenue Northwest
Calgary, Alberta T3B1X4
3+1 beds 2 baths 1,008 sqft
Description
RARE R-CG DEVELOPMENT OPPORTUNITY IN BOWNESS! Attention builders, developers and investors: this 50' x 110' rectangular lot offers something increasingly difficult to find. Following the repeal of Calgary’s citywide blanket rezoning on August 4, 2026, most residential properties reverted to their previous lower-density zoning. This property remains designated R-CG, preserving a range of potential redevelopment opportunities not available to most surrounding properties. The level 5,500 sq. ft. parcel features desirable rear-lane access and supports the variety of grade-oriented housing forms available under R-CG zoning. The existing 1,007 sq. ft. bungalow offers three bedrooms on the main level, an additional bedroom and developed living space downstairs, two full bathrooms, a separate entrance, and a large double detached garage. Located in the established community of Bowness, close to parks, schools, shopping and everyday amenities, this is an exceptional opportunity to secure a well located property where the long-term value is firmly rooted in the land and its increasingly rare R-CG zoning. (id:39198)
Facts & Features
● Building Type
House
● Year built
1957
● Square Footage
1,008 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
2
● Parking
2
● Neighbourhood
Bowness
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$516,000
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$4,871/month
The payment includes
Rent
$4,045
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$826
Each month, $826 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$597,335
Cumulative Down Payment
$34,733
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$29,733
Buyback Price
$541,800
Cumulative Down Payment
$14,911
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,911
Buyback Price
$568,890
Cumulative Down Payment
$24,822
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$19,822
Buyback Price
$597,335
Cumulative Down Payment
$34,733
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$29,733
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$4,871/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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