South sector · CMHC Fish Creek zone · 2026 roll
Evergreen, Calgary: home values, suites and rental numbers
Evergreen (South sector) has a 2026 median detached assessment of $725,500, above 42% of Calgary communities. At an estimated $2,360 local house rent, its median house runs $1,809 short a month with 20% down; break-even is $4,489. A 1-bedroom suite here would rent near $1,546 (CMHC Fish Creek zone).
What stands out in Evergreen?
- Detached values fell 0.5% between the 2025 and 2026 rolls ($729,500 → $725,500), against a typical +2.4% across Calgary communities.
- 68 suites were registered here in 2023–2025 (9, 26, 33), and 18 more in 2026 to the end of October.
- A 2000s housing stock: the median detached house dates from 2005, older than in 26% of communities.
- Median lot 4,220 sq ft, 20% smaller than the 5,256 sq ft typical community.
- 2.6 registered suites per 100 houses (city 9.3); #63 of 214 for suites added in the last 12 months.
The median completed detached house here ($725,500), 20% down at 4.58%, rented at Evergreen's estimated house rent.
| Price / down payment | $725,500 / $145,100 |
|---|---|
| House rent (3+ bed) | $2,360StatCan $2,471 × Fish Creek zone index 0.96 |
| Mortgage | $3,238 |
| Vacancy and operating costs | −$931incl. $4,825/yr 2026 tax |
| NOI · cap rate | $1,429 · 2.36% |
| With a legal suite: upper $1,890 + suite $1,546 | −$1,015 a monthcap 3.68%; $120 suite costs |
| Cash flow, single unit | −$1,809 a monthDSCR 0.44 |
The suite case assumes the upper floor rents as a 2-bedroom house and the suite at the Fish Creek zone's CMHC 1-bedroom average; a suited house usually costs more to buy, so enter the real price. Open the suite version.
What do rentals rent for around Evergreen?
| Unit | Fish Creek zone |
|---|---|
| 1-bedroom apartment | $1,546 |
| 2-bedroom apartment | $1,725 |
| 3+ bedroom townhouse | $1,640 |
| Apartment vacancy | 5% |
Adapted from Canada Mortgage and Housing Corporation, Rental Market Survey, Calgary CMA, October 2025; not an endorsement by CMHC. House rents are our zone-scaled estimate (method).
How did Evergreen's values and tax change from 2025 to 2026?
| Home type | Homes | 2025 | 2026 | Tax 2025 → 2026 | Cap rate |
|---|---|---|---|---|---|
| Detached | 5,333 | $729,500 | $725,500 | $4,509 → $4,825 | 2.36% |
| Semi / duplex | 264 | $527,000 | $536,500 | $3,257 → $3,568 | 3.43% |
| Townhouse | 742 | $426,000 | $417,500 | $2,633 → $2,776 | 2.30% |
| Apartment condo | 951 | $353,500 | $365,000 | $2,185 → $2,427 | 2.65% |
What this means if you're investing in Evergreen
- It needs $4,489 to break even, $2,129 over the estimated local house rent; check Evergreen listings before assuming more.
- Even suited it runs $1,015 short; the price, down payment or rate has to change. 138 registered suites show the layouts allow them.
- Best yield here at local rents: the semi / duplex ($536,500, 3.43% cap rate).
- Tax on the median house went from $4,509 to $4,825 a year.
Which South communities are priced like Evergreen?
| Community | Detached median | Break-even rent | Suites (12 mo) |
|---|---|---|---|
| Evergreen | $725,500 | $4,489 | 138 (22) |
| Sundance | $724,000 | $4,480 | 48 (6) |
| Woodlands | $723,000 | $4,474 | 17 (1) |
| Wolf Willow | $719,500 | $4,453 | 232 (37) |
Sources: City of Calgary open data (2026 and 2025 assessment rolls, suite registry; Open Government Licence – City of Calgary), Statistics Canada, CMHC. Medians are our calculation; see the methodology. Back to the South sector or all communities; buying to live here? CalgaryMortgageCalculator.ca.