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1019 8 Avenue NE
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Beds
3
Baths
2
Sqft
977
Year
1950
Type
Single Family
On market
35d
**CANCELLED, Open House, Sun, May 17, 2:30pm-4:30pm** A 40-foot lot in Renfrew plus an illegal suite equals a strategic inner-city move. This classic 1950s bungalow features a functional main floor with gleaming hardwood floors, cornice-molded ceilings, and oversized picture windows that flood the living area and kitchen with natural light. The layout includes two generously sized bedrooms on the main level. The fully developed basement contains a spacious one-bedroom illegal suite with a massive living room, a full second kitchen with abundant cabinetry, and large windows for a bright, open feel. Shared laundry in the basement allows easy access for both units. The property is situated on a 40x100-foot south-facing lot with H-GO zoning that is fully fenced and landscaped with mature trees. Parking is provided by an oversized single detached garage. This prime location offers exceptional walkability to the Renfrew Community Association, Stanley Jones School, St. Alphonsus School, and Children's Village School. Residents are just steps away from the off-leash areas of Tom Campbell’s Hill and views of the downtown fireworks from just around the corner. Located within walking distance of downtown Calgary, this property offers a prime investment opportunity or a multi-generational living configuration in a highly desirable inner-city community. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 5.83 Ft x 6.33 Ft | |
| Furnace | 9.83 Ft x 13.25 Ft | |
| Living room | 11.50 Ft x 25.67 Ft | |
| Bedroom | 10.83 Ft x 14.25 Ft | |
| Eat in kitchen | 10.83 Ft x 14.42 Ft | |
| 4pc Bathroom | 5.08 Ft x 15.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.83 Ft x 12.67 Ft | |
| Bedroom | 10.08 Ft x 12.83 Ft | |
| Living room | 14.58 Ft x 15.92 Ft | |
| Eat in kitchen | 14.00 Ft x 14.58 Ft | |
| 4pc Bathroom | 5.67 Ft x 8.42 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.82%
Cap rate
3.50%
GRM
16.7
Break-even rent
$3,965
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 15, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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