Given this positive outlook, Jesse Davies, leader of the Jesse Davies Team<\/a> with Century 21, shared his top five Calgary neighbourhood picks for investment.<\/p>\n Bridgeland (Riverside) is an inner-city NE community immediately adjacent to downtown. It is a mature neighbourhood of low-rise apartments, townhomes and older detached houses. In the past year, Bridgeland\u2019s median home sold price (all housing types) was about $462,000<\/a>\u200b, which is below the citywide average, reflecting a mix of condos and modest houses. Houses and townhomes can sell above $800,000 for large, renovated units, but the median remains below that due to more affordable condos.<\/p>\n Limited new supply and ongoing infill mean Bridgeland remains in high demand. Redevelopment and streetscape improvements, such as along 1st Avenue NE and near the C-Train station are underway, which is set to enhance long-term value. The neighbourhood\u2019s mix of historic and new housing means it benefits from both character and fresh supply. <\/p>\n Students, young professionals and downsizing seniors all show demand for limited units here. Long-term, proximity to downtown and a fixed urban grid mean Bridgeland should continue to outpace older suburbs in appreciation.<\/p>\n Rents in Bridgeland are among the highest in Calgary\u2019s core. The median rent in Bridgeland is about $2,140<\/a> per month for all unit types. A typical 1-bedroom apartment rents near $1,965 and a 2-bedroom around $2,392. <\/p>\n Davies<\/a> notes, \u201cMany investors value Bridgeland for its consistent tenant base and capital stability. Bridgeland\u2019s location makes rental demand consistently high. It has a C-Train station (Bridgeland\/Memorial on the Blue Line), quick downtown access, and is surrounded by eateries, shops and parks.\u201d <\/p>\n Investors in Bridgeland often target low-rise condo apartments and townhomes, to capture the high rent per unit, or renovate under-valued houses on large lots. Since inventory is limited, buying \u201cmove-in\u201d condition units for cash flow is common. Positive cash flow can be modest given high entry prices, but capital growth and stable occupancy make Bridgeland attractive for long-term hold, according to Davies.<\/p>\n Killarney-Glengarry is a mature SW inner-city community west of Downtown Calgary. It features a mix of bungalows, laned houses, and many low-rise condos. In the past year, its median home sold price was about $768,000<\/a>, among the highest in the city, reflecting mainly single-family and townhome sales. Price appreciation has been modest recently, keeping values roughly flat year-over-year. Redevelopment with new infill homes is common as older houses are replaced, but most homes still date from the 1950s to the 1970s. Newer, laned homes may exceed $1 million. <\/p>\n Long-term, Killarney benefits from planned city investment, according to Davies<\/a>. The coming Stage 3 LRT extension will improve transit to the downtown core. The Killarney\/Glengarry Area Redevelopment Plan encourages gentle intensification, meaning more infill and potentially new condos over time. These factors support moderate price growth. <\/p>\n Rental rates in Killarney are relatively lower than the property sale prices might suggest. The median rent across all unit types is about $1,853\u200b<\/a>. Houses for rent are rare but fetch higher rents of about $2,750 for large homes. Investors here accept tight cash flow in exchange for solid capital growth prospects, according to Davies.<\/p>\n Killarney\u2019s central location, minutes from downtown and the banks of the Elbow River, along with excellent transit and amenities, means tenant demand remains strong. Vacancy is low as renters, which typically include young families and professionals, seek the mix of inner-city convenience and quiet side streets. <\/p>\n Targeting renovated older homes or new infills can help command top rents. Successful strategies often involve renting to families or long-term tenants, and holding for appreciation. Condos are less common, but quality boutique condos can also do well here.<\/p>\n Brentwood is a well-established NW Calgary neighbourhood bordering the University of Calgary and the Alberta Children\u2019s Hospital. It is a mix of older detached homes, townhomes, and newer condos. In April 2025, Brentwood\u2019s average home price (all types) was about $585,000<\/a>\u200b. This represents a modest annual increase of 1.6% year-over-year\u200b. Condos and townhouses are available in the $300,000 to $450,000 range, with rising price trends.<\/p>\n Brentwood is undergoing gradual densification. A major redevelopment is planned for the area around Brentwood Station, including new condos, retail, and a mixed-use village. The West LRT already serves it, and future transit improvements are likely. CREB forecasts faster price growth in more affordable segments, and Brentwood\u2019s balanced mix could benefit from this trend\u200b. <\/p>\n Rents in Brentwood are strong. The median rent is about $2,232<\/a> per month\u200b, comprising high-end apartments and houses. Rents range from about $1,738 for a one-bedroom apartment to $2,300 for a house. As Davies<\/a> comments, \u201cGiven the relatively affordable home prices, these rental rates are attractive by Calgary standards.\u201d<\/p>\n Brentwood\u2019s proximity to the University of Calgary and SAIT, plus major hospitals, makes it a renters\u2019 hot spot. Students, faculty and medical staff all seek housing here, as do families drawn by parks and schools. Public transit is excellent (Brentwood C-Train station on the Blue Line serves West LRT). Vacancy is minimal; areas like the University District and Brentwood see virtually no available units. The neighbourhood often achieves near-100% occupancy for well-maintained rentals.<\/p>\n Investors in Brentwood often pursue condo and townhouse projects near transit for high rental appeal, or smaller single-family homes that command family rents. Because students and young professionals drive demand, keeping units updated and furnished can maximize returns. Many investors also take advantage of redevelopment (e.g. renovating older homes). In sum, Brentwood offers a mix of steady capital growth and solid yields higher than the inner-city average, thanks to its unique tenant draw.<\/p>\n Mahogany is a master-planned lake community in SE Calgary, built since 2007. It consists mainly of newer single-family homes, townhouses, and condos around a large man-made lake. The median home sold price over the past year was about $687,872<\/a>, but new houses routinely list from $700,000 to over $1 million, making Mahogany one of Calgary\u2019s highest-priced suburbs.<\/p>\n Mahogany still has undeveloped parcels, which will bring more homes. The City plans to add schools, commercial areas like Westman Village, and pathways, increasing the community\u2019s self-sufficiency. When the planned expansion of the South Health Campus and Blackfoot Trail retail arrives, Mahogany\u2019s appeal will further rise.<\/p>\n Being a prestigious lakeside suburb, Mahogany is expected to see steady appreciation as Calgary\u2019s population grows into the periphery. CREB\u2019s forecast of slower price growth may mean Mahogany stabilizes in the near term, but long-term value is underpinned by its unique waterfront amenities.<\/p>\n Mahogany\u2019s rental market is relatively new. The median rent is about $2,025<\/a>, with one-bedroom apartments renting for about $1,549, and single-family rentals averaging $2,395\u200b. Houses average about $3307<\/a>. Yields are modest, but Mahogany\u2019s consistent family occupancy yields low turnover.<\/p>\n Davies<\/a> notes, \u201cTenants tend to be families wanting luxury homes without buying, such as relocating executives with families. Vacancy is low for desirable units; new developments like the Mahogany Village condos rent quickly.\u201d <\/p>\n Investors who buy new-build homes often rely on appreciation in this growing area more than a high rental yield. In Mahogany, investors usually purchase newer single-family homes or townhomes. Since condos are scarce, the focus is on leasing houses to secure families. Holding periods tend to be longer to realize gains. <\/p>\n Some investors also offer short-term rentals during peak seasons, offering the appeal of the lake lifestyle. Overall, Mahogany is a higher-end, suburban play, benefiting from a steady, affluent tenant base and ongoing community maturation.<\/p>\n Tuscany is a large NW Calgary suburb on the city\u2019s outskirts (near Crowchild Trail and the Rocky Mountains). It is a relatively mature family community, developed since the 1990s, with a mix of detached homes, duplexes and some townhomes. In the past year, the median home sold price in Tuscany was roughly $684,275<\/a>. Tuscany offers a wide range of homes, from standard bungalows to modern walk-outs or acreages. Townhomes and duplex units are more affordable but less common. Overall, Tuscany provides a blend of suburban space and high-quality development.<\/p>\n Davies<\/a> advises, \u201cTuscany\u2019s age means mature infrastructure, but also limited further densification. The most significant future development is likely small infill projects. However, the LRT link and continued population growth in NW Calgary support steady values.\u201d Tuscany offers relative affordability compared to inner-city and high-end suburbs, and appeals to upwardly mobile families. The Calgary Real Estate Board (CREB)<\/a> expects lower-priced resale homes, such as can be found in this neighbourhood, to see stronger price growth, supported by steady demand and limited supply.<\/p>\n1. Bridgeland<\/h2>\n
Future Prospects<\/h3>\n
Rental Market<\/h3>\n
Investment Strategy<\/h3>\n
![\"A](\"https:\/\/www.canadianrealestatemagazine.ca\/wp-content\/uploads\/2025\/05\/Depositphotos_42682563_XL-scaled.jpg\" "\\"Top")
<\/p>\n2. Killarney-Glengarry<\/h2>\n
Future Prospects<\/h3>\n
Rental Market<\/h3>\n
Investment Strategy<\/h3>\n
3. Brentwood<\/h2>\n
Future Prospects<\/h3>\n
Rental Market<\/h3>\n
Investment Strategy<\/h3>\n
4. Mahogany<\/h2>\n
Future Prospects<\/h3>\n
Rental Market<\/h3>\n
Investment Strategy<\/h3>\n
5. Tuscany<\/h2>\n
Future Prospects<\/h3>\n
Rental Market<\/h3>\n