01 / Property Detail

RENFREW

407, 488 7 Avenue Ne, Calgary, AB

$267,500

Residential · MLS® A2278806
1Bedrooms
1Bathrooms
608.78Sq Ft
1Garage
2007Year Built
02 / Overview

PROPERTY OVERVIEW

This top-floor condo in Renfrew offers the best of both worlds: the convenience of inner-city living with the comfort of a neighbourhood that still feels welcoming and residential. From the moment you step inside, you’ll notice the meticulous care that has been taken of the unit, and the bright and open feel. High 10-foot ceilings give the entire unit an airy, open feel, while in-floor heating keeps it cozy and comfortable throughout the seasons. The kitchen provides stainless steel appliances,...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeLow Rise (2-4 stories)
Storeys4
Total Finished Area608.78 sq ft
ZoningM-C2
HeatingIn Floor • Natural Gas
CoolingNone
ParkingAssigned • Parkade • Secured • Stall • Underground
ExteriorBalcony
Year Built2007
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$576After mortgage & expenses
Cap Rate1.9%Based on market rents
Cash on Cash Return-12.9%With 20% down payment
Est. Monthly Rent$1,115Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

RENFREW

Moderate Investment
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Investment Score63/100
Avg Home Price$803K
Active Listings35
Listed by Derek Thistle · REMAX Innovations