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Investment signal

$635,000

1121 8 Avenue S

Beds

Baths

4.2

Sqft

—

Year

1978

Location

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About this home

CHECK OUT OUR 24/7 VIRTUAL OPEN HOUSE. Rare opportunity to own a full side-by-side duplex on a corner lot in a fantastic location just steps from Gordon Terrace Elementary School. Situated on a great street, this well-maintained property offers over 1,200 sq.ft. per side and presents an excellent investment opportunity with great tenants already in place who would love to stay. Each side has been updated and features 3 bedrooms, 1.5 bathrooms, a spacious living room, bright kitchen and dining area, storage room, laundry room, and oversized windows that fill the homes with natural light. Both units also enjoy their own private deck, creating great outdoor living space for tenants or future owner-occupiers. At the rear, there is dedicated parking with enough room for 2 vehicles per side, plus additional street parking for added convenience. Important updates include the roof replaced in 2023, as well as hot water tanks replaced in 2022 and 2024. Whether you are looking to expand your investment portfolio, live in one side and rent the other, or secure a versatile income-producing property in a strong location, this full duplex is a rare find. (id:65958)

Subtype: Single Family
Structure: Duplex
Community: Cranbrook South
Common interest: Freehold
Living area: 2,411 square feet
Lot size: 0.13 acres
Lot dimensions: 0.13
Parking: 4 total
Stories: 2
On market: Mar 12, 2026
Status changed: Apr 15, 2026
Annual tax: $5,049.48
Photos: 36
MLS#: 10378987
Area: CRANBROOK

Features and systems

Parking

RearStreet

Basement

Full

Heating

Baseboard heatersElectric

Flooring

LaminateCarpetedLinoleum

Roof

Asphalt shingleUnknown

Lot

Level lotCorner SiteTwo Balconies

Community

Family Oriented

Negative cash flow ~$1,146/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-10.83%

Cap rate

3.72%

GRM

16.0

Break-even rent

$4,507

Financing

Down payment$127,000

Loan amount$508,000

Mortgage$3,117/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$291

Insurance$80

Maintenance$529

CapEx reserve$265

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cranbrook. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,117/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.