Property view at 1-6, 1608 38 Street SW, Calgary - Multi-Family investment property with 6,019.41 sqft - Photo 1 of 50 | Calgary real estate investment
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1-6, 1608 38 Street SW

Calgary, Alberta t3c 1t7
MLS® A225642034 days on marketListed Sep 17, 2025
Exclusive Offering
$1,399,900
6,019.41Living Space
6Garage Spaces
1961Year Built

Property Overview

Sitting on a 8160sf M-C2 lot in desirable Rosscarrock. this well-maintained and solidly built concrete two-storey apartment features 6 Spacious units (5 x 2-bed, 1 x 1-bed, total 6020sf for 6 units!), generating approx. $8,000/month in rental income. Highlights: Concrete foundation, 9-ft HIGH ceilings, and forced-air furnace in each unit; Front and rear entrances for both the building and each unit, adding security and convenience; Many upgrades over the past 10 years; Large unit layouts, rare for similar buildings; 6 back parking stalls; Excellent location: 1 block from 17th Ave, walk to LRT, Westbrook Mall, Killarney Rec Centre & restaurants.

Some cosmetic updates could boost rental potential even further.

A rare investment opportunity in one of Calgary’s most accessible inner-city neighborhoods!

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$233/sqft
Below Calgary average - potential value opportunity

Investment Considerations

Mature Property: Potential value-add opportunity through renovations. Budget for capital improvements.
Extended Market Time: Above average days on market. Seller may be more motivated to negotiate.
Multi-Family Investment: Income diversification with multiple units. Owner-occupy opportunity to offset mortgage.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.

GA4 Testing

Tests 6 events including Tier 1 conversions