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    506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877

    506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877

    Begin your search of Calgary city centre homes and condos for sale below! The City Centre is home to all inner city and downtown communities where you'll find the meandering Bow and Elbow Rivers, a diverse portfolio of real estate and all the best restaurants and entertainment the city has to offer.

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    506 38 Avenue SW
    Elbow Park Calgary T2S 0W1

    $900,000
    Residential beds: 3 baths: 1.0 1,154 sq. ft. built: 1916

    Main Photo: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 1: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 2: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 3: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 4: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 5: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 6: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 7: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 8: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 9: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 10: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 11: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 12: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 13: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 14: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Photo 15: 506 38 Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2323877
    Status:
    Active
    Prop. Type:
    Residential
    MLS® Num:
    A2323877
    Bedrooms:
    3
    Bathrooms:
    1
    Year Built:
    1916
    Charming character bungalow in prestigious Elbow Park, beautifully situated on a large corner lot along 38 Avenue SW. Rich in history and filled with timeless charm, this special property has been a gathering place for generations. Set on prime bottomland with fertile soil and exceptional south and east exposure, the home enjoys abundant natural light from sunrise to sunset, while the valley location offers a sheltered microclimate from prevailing winds. The location is outstanding—just steps to river pathways, highly regarded schools including Elbow Park School, downtown Calgary, restaurants, shopping, the Glencoe Club + the Elbow Park Community Centre with tennis courts, playground + seasonal skating rink. This is a rare opportunity to own a substantial lot in one of Calgary’s most sought-after inner-city neighborhoods. The property consists of two titled lots (see Title and RPR), with the bungalow situated on the west parcel. A long private driveway leads to a historic grandfathered wood garage, while a renovated former garage has been transformed into a versatile studio, nursery, or private office complete with its own walled patio + garden retreat. The expansive grounds are framed by mature hedges, English gardens, and towering evergreens, creating exceptional privacy + a beautiful natural setting. Inside, the home showcases hardwood floors, high ceilings, original details + a remarkably functional layout that lives larger than its footprint. Large windows fill the living and dining areas with natural light, while an original fireplace and charming piano nook add warmth and character. The inviting front porch overlooks the sunny gardens and quiet tree-lined street. The updated east-facing kitchen features newer cabinetry, a Kohler cast-iron farmhouse sink, JennAir electric stove + a 32-inch Vent-A-Hood range hood. Farrow & Ball paints + wallpaper enhance the home's timeless appeal. Three bedrooms + a beautifully preserved bathroom with an upgraded sink + the original claw-foot tub complete the main level. Numerous upgrades have been completed over the years, including replacement of all knob-and-tube wiring, new plumbing + a high-efficiency furnace. Three heat sources remain available: the historic tiled fireplace insert, original 1916 steam boiler + modern furnace system. A unique bonus is the attic, with ceiling heights exceeding seven feet at the peak and a large south-facing window, offering excellent potential for future development. The unfinished basement retains its historic character with original utility spaces including the former coal + wood room, cold storage area, laundry room, office nook + workshop. Original storm windows + authentic tin tile detailing in the historic garage further preserve the remarkable heritage of this truly special Elbow Park property.
    Property Type:
    Residential
    Property Sub Type:
    Detached
    Condo Type:
    Not a Condo
    Transaction Type:
    For Sale
    Possession:
    Possession Date:
    Suite:
    No
    Num Legal Suites:
    0
    Num Illegal Suites:
    0
    Home Style:
    Bungalow
    Total Living Area:
    1,153.72 sq. ft.
    Main Level Finished Area:
    1,153.72 sq. ft.
    Lower Level Finished Area:
    Above Grade Finished Area:
    Below Grade Finished Area:
    891.11 sq. ft.
    Taxes:
    Tax Assessed Value:
    HOA Fee Includes:
    Acreage:
    No
    Lot Area:
    6,673 sq. ft.
    Lot Frontage:
    89'1"
    Acres Cleared:
    Acres Cultivated:
    Acres Irrigated:
    Acres Leasehold:
    Acres Not Cultivated:
    Acres Freehold:
    Acres Seeded:
    Acres Tame Hay:
    Acres Treed:
    Acres Waste:
    Acres Water Rights:
    Front Exposure:
    South
    Reg. Size:
    Reg. Size Includes:
    Levels:
    One
    Total Rooms Above Grade:
    8
    Year built:
    1916 (Age: 110)
    Bedrooms:
    3 (Above Grd: 3)
    Bedrooms Above Grade:
    3
    Bedrooms On Main:
    3
    Bedrooms Below Grade:
    0
    Bathrooms:
    1.0 (Full:1, Half:0)
    Num Ensuite Baths:
    0
    Plan:
    919BA
    Heating:
    Forced Air, Natural Gas
    Basement:
    Full, Unfinished, None
    Foundation:
    Poured Concrete
    New Constr.:
    No
    Construction Material:
    Brick, Stucco, Wood Frame, Wood Siding
    Structure Type:
    House
    Roof:
    Asphalt Shingle
    Ensuite:
    No
    Flooring:
    Hardwood
    Cooling:
    None
    Fireplaces:
    1
    Fireplace Details:
    Wood Burning
    Garage:
    Yes
    Garage Spaces:
    2
    Parking:
    Converted Garage, Off Street, Parking Pad, Single Garage Detached
    Parking Places:
    4
    Parking Total/Covered:
    4 / -
    Laundry Features:
    In Basement
    Southwest
    Elbow Park
    Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
    N/A
    None Known
    Floor
    Type
    Size
    Other
    Main Floor
    Kitchen
    10' × 9'8"
    Main Floor
    Dining Room
    14'6" × 11'
    Main Floor
    Living Room
    15'10" × 11'5"
    Main Floor
    Office
    7'5" × 4'6"
    Main Floor
    Foyer
    5'7" × 4'
    Main Floor
    Bedroom - Primary
    11'7" × 10'3"
    Main Floor
    Bedroom
    10'9" × 9'10"
    Main Floor
    Bedroom
    10'6" × 9'3"
    Basement
    Laundry
    7'6" × 6'8"
    Floor
    Ensuite
    Pieces
    Other
    Main Floor
    No
    4
    6' x 10'9"
    Title to Land:
    Fee Simple
    Community Features:
    Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
    Interior Features:
    See Remarks
    Exterior Features:
    Private Yard
    Patio And Porch Features:
    Deck, Front Porch
    Lot Features:
    Back Yard, Corner Lot, See Remarks, Square Shaped Lot, Treed
    Num. of Parcels:
    0
    Outbuildings:
    See Remarks
    Fencing:
    Partial
    Region:
    Calgary
    Zone:
    CAL Zone CC
    Zoning:
    R-CG
    Listed Date:
    Jun 25, 2026
    Days on Mkt:
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    Listed by Real Estate Professionals Inc.
    Data was last updated July 2, 2026 at 02:05 AM (UTC)
    Area Statistics
    Listings on market:
    14
    Avg list price:
    $2,175,000
    Min list price:
    $900,000
    Max list price:
    $4,500,000
    Avg days on market:
    14
    Min days on market:
    3
    Max days on market:
    127
    Avg price per sq.ft.:
    $850.18
    These statistics are generated based on the current listing's property type and located in Elbow Park. Average values are derived using median calculations. This data is not produced by the MLS® system.
    CODY BATTERSHILL
    powered by myRealPage.com

    Why Choose City Centre Real Estate in Calgary?

    • Live a walkable lifestyle to the fullest; live, work and play downtown
    • Home to a majority of the best restaurants, entertainment and nightlife venues
    • Home to Calgary's most eclectic and vibrant areas: East Village, Marda Loop, Kensington, 4th Street BRZ, Downtown West End, Chinatown, Beltline, Eau Claire + others
    • Enjoy Bow and Elbow River pathways along RiverWalk and green spaces like Edworthy Park, Prince's Island Park, St. Patrick's Island, Olympic Plaza + more
    • Public transportation services city centre real estate in Calgary more frequently with more routes compared to every other district

    Calgary City Centre Communities

    Calgary city centre real estate is some of the most sought after in the metropolitan area. Downtown communities like East Village, Downtown West End and Eau Claire are where you'll find several upscale condo buildings with a mix of floor plans, price ranges and construction dates. Urban professionals living in downtown have convenient access to the +15 Indoor Walkway network that connects most skyscrapers, making it easy to get from point A to B without stepping outside.

    Inner city communities like Altadore, Hillhurst and Crescent Heights, for example, are experiencing a transition from older post-war homes to brand new infill developments. These areas are highly sought after for the convenience they offer in terms nearby parks, restaurants, and other important day-to-day amenities.

    Newer construction homes are found in almost all city centre neighbourhoods in the form of infills. However, the redevelopment of the Canadian Forces Base created three new communities with suburban-like lot sizes and features: Garrison Woods, Garrison Green and Currie Barracks. The last of the three currently has a grand mixed-use development plan in place which will introduce a mix of condos and townhomes among office and retail spaces.

    Calgary City Centre Parks & Amenities

    Calgary city centre real estate has a never-ending list of parks and amenities servicing the area. Some of the most prominent include:

    • TD Core Shopping Centre
    • North Hill Mall
    • Kensington District
    • Marda Loop District
    • 4th Street Business Improvement Area
    • Inglewood District
    • Beltline District
    • Bridgeland District
    • 17th Avenue Retail & Shopping District
    • Repsol Sport Centre
    • RiverWalk & Fort Calgary
    • Bow & Elbow River parks and pathways
    • St. Patrick's Island & Calgary Zoo
    • Lindsay Park, Stanley Park, Edworthy Park, River Park + more

    Calgary City Centre Real Estate Agents

    Browsing City Centre homes for sale in Calgary? Thinking about selling your current property? Our experienced Realtors® have the knowledge, experience and tools available to help guide you towards a successful transaction!

    Contact Cody & Jordan with RE/MAX House of Real Estate at 403-370-4008 if you have questions or would like to discuss your real estate goals! Get a Free Home / Condo Evaluation for your property in Calgary City Centre today!

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