CalgaryListings Insight Tucked into the community of Parkhill, this 6-bedroom home at 203 42 Avenue SW was built in 1961 and includes 4 bathrooms and 2,683 sq ft of living space above grade. This home also offers a fully finished basement with a separate entrance, a double garage, hardwood flooring, and a fireplace. Before writing, ask about recent comparable sales, inspection items, permits, basement development, and long-term resale fit. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. This one is new to market, so showing access and offer timing may matter. MLS® A2348856.
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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!
Property Taxes
$4,968/yr (2025)
Listing Information
MLS® NumberA2348856
StatusActive
List Price$1, 175, 000
Days on MarketNew listing
OccupancyTenant
Property Details
Property TypeFull Duplex
Architectural StyleAttached-Side by Side, Bungalow
203 42 Avenue SW has been listed 1 time before — see each asking price, what happened, and any sold prices.
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What did similar homes here actually sell for?
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Asking $1,175,000. That is about 41% above the $832,500 median sale price for homes of all types in Parkhill over September 2025 – August 2026, across 38 recorded sales. Those sales took 33 days on the market on average. Across all home types, sellers in Parkhill got 94.6% of their asking price on average and the community was carrying 1.6 months of supply.
Aggregate MLS® statistics from our own published dataset (community medians, methodology). Medians are not adjusted for size, age or condition, and individual sold prices stay members-only under Alberta VOW rules.
Schools near this home
Rideau Park SchoolPublic (CBE) · Elementary/Junior High · 833 m · about 4 mins by carSchool website
Elbow Park SchoolPublic (CBE) · Elementary · 953 m · about 7 mins by carSchool website
Earl Grey SchoolPublic (CBE) · Elementary · 1.6 km · about 8 mins by carSchool website
Western Canada High SchoolPublic (CBE) · about 6 mins by carSchool website
St. Monica SchoolCatholic (CCSD) · about 6 mins by carSchool website
Distances and drive times are measured from the centre of Parkhill, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.
Commute from Parkhill
Destination
By car
By transit
Downtown Calgary
12 mins
28 mins
University of Calgary
18 mins
50 mins
Foothills Medical Centre
18 mins
56 mins
Mount Royal University
14 mins
44 mins
Calgary International Airport
21 mins
1 hour 6 mins
Westside Recreation Centre
19 mins
59 mins
Off-peak estimates measured from the centre of Parkhill, not from this address. Live traffic varies.
Who lives in Parkhill
1,770Population
2.0Average household size
62%Owner-occupied households
$107KMedian household income
12%Residents aged 0–14
2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Parkhill census profile →
Questions about this home
How much is 203 42 Avenue SW?
203 42 Avenue SW in Parkhill is listed for sale at $1,175,000. It came on the market within the last day.
How many bedrooms and bathrooms does 203 42 Avenue SW have?
203 42 Avenue SW in Parkhill has 6 bedrooms and 4 bathrooms. The listing records 2,683 sq ft above grade.
Is 203 42 Avenue SW priced above or below the Parkhill market?
Its $1,175,000 asking price is about 41% above the $832,500 median sale price for homes of all types in Parkhill (September 2025 – August 2026, 38 sales). Medians are not adjusted for size, age or condition.
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