Question 1

What are the monthly costs for 117 & 119 8 Avenue SW?

Accepted Answer

The estimated monthly costs for 117 & 119 8 Avenue SW are approximately $32,645.76, including mortgage payment of $29,471.29 (with 20% down at 5.5% interest), property taxes of $3,174.47/month. Contact us for personalized financing options and current rates.

Question 2

What is the rental income potential for 117 & 119 8 Avenue SW, Calgary?

Accepted Answer

This 16930 sqft property at 117 & 119 8 Avenue SW could generate approximately $22,855.50/month in rental income (based on Calgary's $1.35/sqft average). After expenses including property tax, maintenance, and management fees, the estimated net rental yield is 2.57% annually. Actual rental rates vary by specific location, property condition, and current market demand.

Question 3

How much are property taxes for 117 & 119 8 Avenue SW?

Accepted Answer

Property taxes for 117 & 119 8 Avenue SW are estimated at approximately $38,093.65 annually ($3,174.47/month) based on Calgary's average mill rate of 0.635%. Actual taxes depend on the property's current assessed value and can vary. Contact us for confirmed tax amounts.

Question 4

Is 117 & 119 8 Avenue SW a good investment property?

Accepted Answer

117 & 119 8 Avenue SW presents excellent investment value at $354.34/sqft. This null bedroom, null bathroom Commercial offers an estimated gross rental yield of 4.57% with potential monthly rental income of $22,855.50. Calgary's stable economy, growing population, and diverse rental demand make it an attractive market for real estate investors. Use our investment analysis tools to calculate detailed cash flow, cap rate, and ROI projections specific to this property.

Question 5

What is the neighborhood like for 117 & 119 8 Avenue SW?

Accepted Answer

117 & 119 8 Avenue SW is located in Calgary, Alberta, a vibrant metropolitan area with strong economic fundamentals and growing rental demand. Calgary consistently ranks among Canada's top cities for real estate investment due to its diversified economy, high employment rates, excellent infrastructure, and quality of life. The property provides access to local amenities including shopping, dining, schools, parks, and public transportation. For detailed neighborhood statistics, walkability scores, nearby amenities, and investment metrics specific to this location, contact our investment specialists.

Question 6

How old is 117 & 119 8 Avenue SW?

Accepted Answer

As a mature property (built 1907), this 118-year-old building may present renovation opportunities to add value through modernization. Consider budgeting for potential updates to mechanical systems (HVAC, plumbing, electrical), which can increase rental income and property value. Older properties in desirable locations often have excellent bones and redevelopment potential.

117 & 119 8 Avenue SW

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