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1227 13 Avenue SW
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Calgary · Single Family · under $900,000 · 9+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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INVESTORS! This is a rare opportunity to acquire a centrally located, income-generating property in Calgary’s Beltline with significant upside for future redevelopment. Zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007, the property is designated for high-density multi-residential development, positioning it as a strategic long-term investment in one of the city’s most active growth areas.Currently operating as a well-maintained rooming house, the property is configured to maximize rental income with ten private rooms, each individually leasable. This setup supports consistent cash flow and strong occupancy potential, driven by ongoing demand for affordable inner-city housing. Its proximity to downtown, transit, employment hubs, and everyday amenities further strengthens its appeal to tenants and contributes to stable rental performance.Each floor is equipped with a shared kitchen and washroom, and the building has been upgraded to meet City bylaws, offering a compliant and turnkey operation for investors. The efficient layout and established rental model allow for immediate revenue generation with minimal operational barriers.This property is ideally suited for investors seeking dependable income today while holding a high-value redevelopment asset for the future. With CC-MH zoning and a prime Beltline location, it presents a compelling combination of cash flow and long-term appreciation potential in Calgary’s urban core.An exceptional opportunity to secure a high-yield asset with redevelopment flexibility in one of Calgary’s most in-demand rental markets. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.83 Ft x 7.08 Ft | |
| 4pc Bathroom | 11.92 Ft x 4.33 Ft | |
| Bedroom | 9.75 Ft x 9.17 Ft | |
| Bedroom | 10.83 Ft x 7.42 Ft | |
| Bedroom | 8.25 Ft x 9.50 Ft | |
| Bedroom | 13.25 Ft x 9.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 7.42 Ft x 18.75 Ft | |
| Bedroom | 15.17 Ft x 11.67 Ft | |
| 4pc Bathroom | 7.33 Ft x 4.92 Ft | |
| Bedroom | 10.58 Ft x 10.92 Ft | |
| Bedroom | 13.00 Ft x 9.67 Ft | |
| Other | 8.58 Ft x 14.25 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.83 Ft x 8.92 Ft | |
| 4pc Bathroom | 8.25 Ft x 5.83 Ft | |
| Bedroom | 12.25 Ft x 9.42 Ft | |
| Other | 15.67 Ft x 9.00 Ft | |
| Primary Bedroom | 10.00 Ft x 18.33 Ft | |
| Other | 7.58 Ft x 7.33 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
-6.62%
Cap rate
3.54%
GRM
16.6
Break-even rent
$5,052
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
4.6 km away
7.8 km away
8.8 km away
11.2 km away
13.0 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
7.5 km away
7.6 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
8.7 km away
Halal grocery
Amir Halal Meats & Grocery
7.5 km away
Shaheen Grocery, Bakery & Halal Meat
11.6 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.