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THORNCLIFFE

423 Spyhill Road Nw, Calgary, AB

$524,900

Residential ยท MLSยฎ A2320441
4Bedrooms
2Bathrooms
1,015Sq Ft
1Garage
1955Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to this bungalow situated on a large R-CG zoned CORNER lot in the established community of Thorncliffe. Offering over 1,000 sq. ft. above grade plus a fully developed basement, this property presents an solid & excellent opportunity for first time homeowners looking to renovate & improve, savvy investors looking to unlock long-term value, or for future redevelopment potential. The main floor showcases original hardwood floors, a bow window in the living room, opened oak kitchen with peninsula and breakfast...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,015 sq ft
Lot Size6,253 sq ft
ZoningR-CG
HeatingForced Air
CoolingNone
ParkingSingle Garage Detached
ExteriorNone
BasementFull
Year Built1955
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$405After mortgage & expenses
Cap Rate3.5%Based on market rents
Cash on Cash Return-4.6%With 20% down payment
Est. Monthly Rent$1,976Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

THORNCLIFFE

Moderate Investment
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Investment Score62/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Richard Bergeron ยท RE/MAX Realty Professionals