01 / Property Detail
SOUTH CALGARY
1816 27 Avenue Sw, Calgary, AB
$699,999
Residential · MLS® A22792563Bedrooms
2Bathrooms
630Sq Ft
1Garage
1912Year Built
02 / Overview
PROPERTY OVERVIEW
Development-ready opportunity in prime South Calgary, steps from Marda Loop! This exceptional MC-1 zoned lot comes with approved development permits and plans in place for a 3+3 six-plex, offering a rare chance to move forward immediately on a high-demand long-term rental project. Live in one unit and rent the remaining five, or hold as a pure income-generating investment. The property is currently tenant-occupied on a month-to-month lease at $1,800 per month, providing immediate cash flow while you prepare for redevelopment.
Situated...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area630 sq ft
Lot Size4,682 sq ft
ZoningM-C1
HeatingForced Air
CoolingNone
ParkingSingle Garage Attached
ExteriorCovered Courtyard • Fire Pit • Private Entrance • Private Yard
BasementFull
Year Built1912
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$1,849After mortgage & expenses
Cap Rate1.3%Based on market rents
Cash on Cash Return-15.8%With 20% down payment
Est. Monthly Rent$1,253Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
SOUTH CALGARY
Moderate InvestmentLoading map...
Investment Score71/100
Avg Home Price$794K
Active Listings30
Listed by Harsh Uppal · Creekside Realty