Active

FOREST LAWN

929 38 Street Se, Calgary, AB

$899,900

Residential · MLS® A2282727
10Bedrooms
5Bathrooms
3,034.2Sq Ft
2Garage
1960Year Built
02 / Overview

PROPERTY OVERVIEW

Exceptional high-income investment opportunity, with a potential monthly rent of $7100. And a potential cap rate of 6.85%. Featuring a 10 bedroom home with 8 beds above grade and a separate, fully legal 2 bedroom basement suite. This massive two-storey property is purpose-built for room-by-room rentals, with additional income potential from the legal basement suite and the option to rent out the garage separately. Multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area3,034.2 sq ft
Lot Size6,932 sq ft
Zoning R-CG
HeatingForced Air
CoolingNone
ParkingDouble Garage Attached • Driveway • Off Street • On Street • Oversized • Parking Pad • Stall
ExteriorBalcony • Private Entrance
BasementFull
Year Built1960
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$873After mortgage & expenses
Cap Rate3.3%Based on market rents
Cash on Cash Return-5.8%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score62/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Clay Brunette · RE/MAX House of Real Estate