Active

MONTGOMERY

2103 Mackay Road Nw, Calgary, AB

$1,049,999

Residential · MLS® A2305523
1Bedrooms
2Bathrooms
693.4Sq Ft
1Garage
1953Year Built
02 / Overview

PROPERTY OVERVIEW

This massive 7825 ft2 R-CG corner lot is a fantastic development opportunity in Montgomery! It offers an incredible opportunity to develop 8units. Development Permit has been approved and awaiting Release. The approved DP Plans feature 4No 3bedroom two-storey upper units on the 2nd & 3rd floors each with a cover garage and 4No 2bedroom two-storey lower-level units on the main floor & basement. With this unique design the living area of the lower units are on the main floor...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area693.4 sq ft
Lot Size7,825 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingNone
ParkingSingle Garage Attached
ExteriorFire Pit • Private Yard
BasementPartial
Year Built1953
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$3,366After mortgage & expenses
Cap Rate0.6%Based on market rents
Cash on Cash Return-19.2%With 20% down payment
Est. Monthly Rent$1,263Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MONTGOMERY

Moderate Investment
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Investment Score60/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Afolabi Oladipo · Diamond Realty & Associates Ltd