Active

FAIRVIEW

52 Fay Road Se, Calgary, AB

$699,000

Residential · MLS® A2331529
6Bedrooms
2Bathrooms
1,240.19Sq Ft
1Garage
1959Year Built
02 / Overview

PROPERTY OVERVIEW

Excellent investment opportunity in the established community of Fairview! With a reliable tenant already in place on a two-year lease, this extensively updated bungalow offers immediate rental income while providing the security of owning a well-located property with outstanding long-term potential. Offering 6 bedrooms with a private office/flex room and 2 fully renovated bathrooms, this home provides exceptional flexibility for today's investor and future homeowner alike. The updated kitchen features quartz countertops, stainless steel appliances, and ample cabinetry, while luxury...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,240.19 sq ft
Lot Size5,005 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingNone
ParkingAdditional Parking • Alley Access • Garage Faces Rear • On Street • Oversized • Single Garage Attached
ExteriorPrivate Entrance • Private Yard
BasementFull
Year Built1959
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$693After mortgage & expenses
Cap Rate3.3%Based on market rents
Cash on Cash Return-6.0%With 20% down payment
Est. Monthly Rent$2,470Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FAIRVIEW

Moderate Investment
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Investment Score70/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Natalia Baietrau · RE/MAX House of Real Estate