Centre sector · CMHC Southwest zone · 2026 roll
Killarney/Glengarry, Calgary: home values, suites and rental numbers
Killarney/Glengarry (Centre sector) has a 2026 median detached assessment of $824,000, above 69% of Calgary communities. At an estimated $2,670 local house rent, its median house runs $2,040 short a month with 20% down; break-even is $5,070. A 1-bedroom suite here would rent near $1,642 (CMHC Southwest zone).
What stands out in Killarney/Glengarry?
- Detached values rose 7.9% between the 2025 and 2026 rolls ($764,000 → $824,000), against a typical +2.4% across Calgary communities.
- 114 suites were registered here in 2023–2025 (12, 39, 63), and 95 more in 2026 to the end of October.
- A 1990s housing stock: the median detached house dates from 1998, older than in 38% of communities.
- Median lot 5,557 sq ft, close to the 5,256 sq ft typical of Calgary communities.
- 27.2 registered suites per 100 houses (city 9.3); #14 of 214 for suites added in the last 12 months.
- Condo-heavy: 38% of completed homes are townhouse or apartment units.
The median completed detached house here ($824,000), 20% down at 4.58%, rented at Killarney/Glengarry's estimated house rent.
| Price / down payment | $824,000 / $164,800 |
|---|---|
| House rent (3+ bed) | $2,670StatCan $2,473 × Southwest zone index 1.08 |
| Mortgage | $3,678 |
| Vacancy and operating costs | −$1,032incl. $5,480/yr 2026 tax |
| NOI · cap rate | $1,638 · 2.39% |
| With a legal suite: upper $2,140 + suite $1,642 | −$1,215 a monthcap 3.59%; $120 suite costs |
| Cash flow, single unit | −$2,040 a monthDSCR 0.45 |
The suite case assumes the upper floor rents as a 2-bedroom house and the suite at the Southwest 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 Killarney/Glengarry?
| Unit | Southwest zone |
|---|---|
| 1-bedroom apartment | $1,642 |
| 2-bedroom apartment | $2,083 |
| 3+ bedroom townhouse | $1,911 |
| Apartment vacancy | 3.7% |
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 Killarney/Glengarry's values and tax change from 2025 to 2026?
| Home type | Homes | 2025 | 2026 | Tax 2025 → 2026 | Cap rate |
|---|---|---|---|---|---|
| Detached | 1,073 | $764,000 | $824,000 | $4,722 → $5,480 | 2.39% |
| Semi / duplex | 1,004 | $894,500 | $940,500 | $5,528 → $6,254 | 2.01% |
| Townhouse | 1,008 | $455,000 | $443,000 | $2,812 → $2,946 | 2.78% |
| Apartment condo | 265 | $317,000 | $284,500 | $1,959 → $1,892 | 4.92% |
What this means if you're investing in Killarney/Glengarry
- It needs $5,070 to break even, $2,400 over the estimated local house rent; check Killarney/Glengarry listings before assuming more.
- Even suited it runs $1,215 short; the price, down payment or rate has to change. 292 registered suites show the layouts allow them.
- Best yield here at local rents: the apartment condo ($284,500, 4.92% cap rate).
- Tax on the median house went from $4,722 to $5,480 a year.
Which Centre communities are priced like Killarney/Glengarry?
| Community | Detached median | Break-even rent | Suites (12 mo) |
|---|---|---|---|
| Killarney/Glengarry | $824,000 | $5,070 | 292 (106) |
| Beltline | $832,750 | $5,122 | 0 (0) |
| Windsor Park | $811,000 | $4,993 | 53 (20) |
| Banff Trail | $806,000 | $4,964 | 286 (61) |
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 Centre sector or all communities; buying to live here? CalgaryMortgageCalculator.ca.