Welcome to 424 8 Ave NE, a rare alley-corner lot (4,500 sq. ft.) in the heart of Renfrew! This prime inner-city location, just steps from Edmonton Trail, Crescent Heights, and minutes to downtown, offers incredible potential for both redevelopment and investment income. The property has been well-maintained and successfully operated as a short-term rental, showcasing its strong revenue-generating ability. In 2024 alone, the main floor achieved an impressive 75% occupancy rate with consistent Airbnb bookings, while the basement suite and garage provided additional rental income. Whether you’re looking to hold as an income property, build your dream home, or explore redevelopment opportunities in one of Calgary’s most desirable communities, this property offers the perfect balance of location, potential, and value. Don’t miss this opportunity to secure a highly versatile lot in a thriving inner-city neighborhood.
Data was last updated August 22, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$649,800
Min list price:
$250,000
Max list price:
$2,348,000
Avg days on market:
39
Min days on market:
1
Max days on market:
224
Avg price per sq.ft.:
$532
These statistics are generated based on the current listing's property type
and located in
Renfrew. 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.