01 / Property Detail

MAYLAND HEIGHTS

1204 18 Street Ne, Calgary, AB

$718,800

Residential · MLS® A2291578
2Bedrooms
2Bathrooms
1,029.97Sq Ft
1Garage
1958Year Built
02 / Overview

PROPERTY OVERVIEW

50' x 120' FLAT CORNER LOT (5995 SQ FT) IN A PRIME CENTRAL LOCATION!! CORNER LOT FULL OF POTENTIAL IN ZONE RCG!! Great opportunity to redevelop and build MULTI FAMILY PROJECT - 4 TOWNHOMES & 4 LEGAL SUITES (8 PLEX PROJECT) with subject to city approval. ILLEGAL BASEMENT SUITE WITH SEPARATE ENTRANCE!! DETACHED SINGLE OVERSIZED GARAGE!! The current home offers 4 BEDROOMS and 2 FULL BATHS. The main floor features a spacious living room, dining area, functional kitchen, 2 bedrooms...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,029.97 sq ft
Lot Size5,995 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingSingle Garage Detached
ExteriorLighting
BasementFull
Year Built1958
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,283After mortgage & expenses
Cap Rate2.3%Based on market rents
Cash on Cash Return-10.7%With 20% down payment
Est. Monthly Rent$1,902Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MAYLAND HEIGHTS

Moderate Investment
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Investment Score60/100
Avg Home Price$755K
Active Listings8
Listed by Gary Banipal · Real Broker