Varsity Community Profile
Varsity is a well-established northwest Calgary community in Ward 4, developed primarily in the 1960s-70s. Located near the University of Calgary and Market Mall, the community features approximately 5,000+ homes including classic bungalows, split-levels, and newer infills.
Varsity’s proximity to the University of Calgary creates strong rental demand, particularly for secondary suites. Over 180 suites are registered according to City of Calgary data. Based on current MLS data, homes range from $550K to $900K, with older bungalows offering the best renovation value and suites commanding premium rents of $1,400-$2,000 per month due to university proximity.
Why Varsity Homeowners Choose OAF
Varsity is one of Calgary’s most dynamic neighbourhoods for basement development. With homes built in 2018, the typical Varsity property has an average of 900-1,200 sq ft of unfinished basement space-perfect for lifestyle renovations, legal suites, or recreational spaces.
- Matched expectations: Varsity’s mix of mature (1960s-present with infills) means we’ve worked with similar home layouts and can set accurate timelines and budgets.
- Fixed-Price agreements: No surprises. We walk your space, set clear expectations, and deliver.
- Community relationships: We work with trusted trades in Varsity and surrounding areas.
Services Available in Varsity
Lifestyle Basement Development
Create the recreation space you’ve always wanted-home theatre, fitness area, wet bar, or family lounge. Typical cost: $48,000-$88,000.
Legal Secondary Suite
Earn rental income while adding value. Varsity zoning permits secondary suites. We handle everything from design to permitting.
Garage Development
Whether new construction or renovation, we build garages that last. Protect your vehicles and add value to your home.
Varsity: Neighbourhood Considerations
Varsity basements sit on clay with established drainage, mature northwest Calgary. This soil type generally excavates cleanly and compacts well, but site-specific surveys are always recommended to identify rock, water tables, or utilities.
Common Challenges
New area; some utility expansion ongoing
Contact OAF early in your ownership or before purchasing. We can assess your property, set budgets, and coordinate with City of Calgary before permitting begins.
Basement development costs vary based on scope. Here’s what to expect in Varsity:
Contact us for a free in-home consultation in Varsity.