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Home›Search›331 ELBOW PARK LN SW

331 ELBOW PARK LN SW

ELBOW PARK

$2,300,000

Current assessed value

Property

Property Details

Building Type

Detached

Year Built

1997

Land Size (sq ft)

6,247

Assessment Value & Trend

History of assessed value for this property

$2,300,000

Permits & Renovations

1 permit on record

DateTypeEst. costStatusDescription
Jun 26, 2014Building$25,000Completed—
Total estimated spend(1 permit)$25,000

Basement & Legal Suite

Is Finished

No

Is Legal Suite

No

Community context

Low Competition

There are 0 registered legal suites in ELBOW PARK. Competition for basement rentals in this community is low.

With low competition in the area, legalizing a basement suite on this property could be a worthwhile investment. Renter demand may exceed available legal units.

Rental opportunity

As of Aug 3, 2026

Active rents in ELBOW PARK from RentFaster. Median rents below combine all bedroom sizes for each dwelling type.

Overall

$1,395

1 listing

Median basement

$1,395

1 listing

Bedroom breakdown for this parcel type. Click a listing count to open the ads.

House rents by bedrooms

Monthly asking rents for house listings in ELBOW PARK.

No active listings in this category for this community right now.

Proximity to Amenities

Nearest LRT

1.1 km

SB 39 Avenue CTrain Station

Bus Stop 1

110 m

NB Elbow DR @ Elbow Park LN SW

Bus Stop 2

130 m

SB Elbow DR @ 36 AV SW

Bus Stop 3

170 m

NB Elbow DR @ 38 AV SW

Downtown

2.4 km

Central Memorial Park

Fitness

1.1 km

GYMVMT Fitness Club

fitness

Costco

4.2 km

Costco

Costco

Grocery

980 m

Safeway

Safeway

Home Improvement

1.3 km

Rona

Rona

Elementary

400 m

Rideau Park School

The Calgary School Division

95% utilization

Junior High

400 m

Rideau Park School

The Calgary School Division

95% utilization

Senior High

1.3 km

St. Anthony

The Calgary Roman Catholic Separate School Division

Environmental Factors

Flood zones, emergency-service noise, shelter proximity, and hail exposure for this property and its community.

Flood Hazard

Calgary 1:100 year regulatory map

Inside flood zone

regulatory flood map

Overland Flow

 

Hail Hazard Risk

Historical storm exposure

Moderate

community historical rating

ELBOW PARK

 

Emergency Noise

Hospitals, fire & EMS stations

1.4 km

to nearest zone / facility

Station 05

Fire station

Emergency Shelter

Permanent Calgary shelter sites

2.3 km

to nearest zone / facility

Alpha House

 

Proximity to emergency shelters may correlate with higher foot traffic. This is a lifestyle indicator, not a crime or safety score.

Nearby assessed values

See how this property compares to neighbours on the same block and in the wider surrounding area.

This property

$2,300,000

Lowest nearby

$1,330,000

3714 5 ST SW

Average nearby

$1,960,000

Highest nearby

$2,350,000

315 ELBOW PARK LN SW

Based on 3 residential properties within 50 m · 2026 assessment roll.

This property is assessed above the nearby average.

Location

Community Overview

Community Name

ELBOW PARK

Total Properties

1,226

Population

3,285

Crime Rate Trend

Reported incidents in 2018–2025

53 incidents in 2025 · Crime down 42% from 2018

Income

Median income

Compared to Calgary average where available

Household

$288,000

Calgary avg: $98,000

Individual

$90,000

Calgary avg: $44,400

Male individual

$147,000

Calgary avg: $50,400

Female individual

$58,800

Calgary avg: $39,600

Housing

Owners vs renters

% of households by tenure vs Calgary

Housing affordability

% of households by shelter cost burden vs Calgary

Diversity

Immigration status

% of population by immigration status vs Calgary

Religious affiliation

% of population by religion vs Calgary

Education

Education levels

% of population aged 15+ by credential vs Calgary

Languages

Top mother tongues

First language learned at home

RankThis communityCalgary average
1DutchPunjabi (Panjabi)
2PolishTagalog (Pilipino, Filipino)
3MandarinYue (Cantonese)
4HungarianMandarin
5Yue (Cantonese)Spanish

Immigration

Top countries of birth

Where immigrants in this community were born

RankThis communityCalgary average
1United States of AmericaPhilippines
2United KingdomIndia
3PolandChina
4Other places of birth in AsiaUnited Kingdom
5Hong KongPakistan

View full community profile

See all remaining demographics, housing, transportation, and employment details for ELBOW PARK.

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