We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
1108 15 Avenue NE
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
—
Baths
—
Sqft
21,528
Year
1960
Type
Multi-family
On market
0d
STUNNING MULTI-FAMILY INVESTMENT OPPORTUNITY | PRIME INNER CITY LOCATION | LOADS OF POTENTIAL! Don’t miss out on this incredible chance to own an exceptional, well-maintained fourplex on a massive 50ft x 120ft lot with M-C1 Zoning in the highly desirable neighborhood of Renfrew! This prime inner-city property features a stucco and brick exterior, newer concrete pathways winding around the building, and a back parking setup providing 4 dedicated stalls including a single garage. Managed by the owner, this property is an absolute dream for a savvy investor. Three units are currently on month-to-month leases (Units 1, 2, and 4), while Unit 3 is occupied by a family member who is moving out, giving you immediate opportunity to set new market rents. The building's functional layout consists of 4 units, each offering the convenience of both front and back entrances. Three of the units feature a spacious 2-bedroom floor plan (two upper and one lower), while the final lower unit offers a comfortable 1-bedroom setup. Unit 3 (featured in photos) is the most updated of the group, showcasing a updated modern kitchen, while the other units vary with localized updates such as newer flooring. This leaves an amazing value-add opportunity to further modernize the remaining interiors and significantly boost your rental revenue! The mechanical and shared infrastructure of this building is exceptionally well laid out for an investor, featuring 4 separate furnaces, 1 central hot water tank, 4 separate gas meters, and 5 separate electric meters—including a dedicated meter for the common areas. Tenants will love the functional lower-level coin-operated laundry room, which comes equipped with 4 private storage lockers for extra convenience. Outside, the property also includes a handy storage shed for seasonal items. Renfrew has so much to offer with conveniences all around! You are only minutes away from local amenities, trendy inner-city shopping districts, parks, quality schools, public transit routes, and quick access to downtown. House Extras Include: Updated Windows (1999), Storage Shed, Coin-Op Laundry Appliances, and 4 Tenant Lockers. This property shows beautifully and represents a rare holding in a high-demand location—come check it out before it’s gone! (id:65958)
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
-0.76%
Cap rate
4.71%
GRM
13.9
Break-even rent
$6,695
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
Tebyan Supermarket & Halal Meat
908 Edmonton Trl #3, Calgary, AB T2E 3K1, Canada
4.6 rating · 143 reviews
1.3 km
est. 2 min
1.9 km
est. 3 min
2717 Sunridge Way NE, Calgary, AB T1Y 7K7, Canada
4.3 rating · 4,293 reviews
2.8 km
est. 4 min
AGNI- CALGARY INDIAN RESTAURANT
1211 Edmonton Trl #120, Calgary, AB T2E 6X4, Canada
4.5 rating · 903 reviews
1.4 km
est. 2 min
1.4 km
est. 2 min
1.4 km
est. 2 min
Islamic Information Society of Calgary (IISC)
4128 6 St NE, Calgary, AB T2E 8C8, Canada
4.8 rating · 248 reviews
2.7 km
est. 4 min
2.7 km
est. 4 min
2.9 km
est. 5 min
1318 Regal Crescent NE, Calgary, AB T2E 6Y6, Canada
0.8 km
est. 1 min
Belfast School | Calgary Board of Education
1229 17a St NE, Calgary, AB T2E 4V4, Canada
1.4 km
est. 2 min
Foundations for the Future Charter Academy, Northeast Elementary Campus
1140 Mayland Dr NE, Calgary, AB T2E 6B3, Canada
1.8 km
est. 3 min
Zoo station
Calgary, AB T2E 5E4, Canada
4.0 rating · 5 reviews
2.3 km
est. 4 min
2.3 km
est. 4 min
WB City Hall/Bow Valley College (Free Fare Zone)
Calgary, AB T2G 2M3, Canada
4.1 rating · 172 reviews
2.6 km
est. 4 min