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1306 87 Avenue SW
CHECK OUR 24/7 Virtual Open House! Opportunity knocks in the established southwest Calgary community of Haysboro! Whether you’re searching for a move-in-ready home, an income-generating property, or a future redevelopment opportunity, this versatile property offers exceptional flexibility and long-term potential.Set on a large 69’ x 118’ lot with both front and rear alley access, the property provides excellent usability today and exciting possibilities for the future. The main floor features beautiful hardwood flooring, three spacious bedrooms, a bright kitchen, a dedicated dining area, and a well-appointed 4-piece bathroom. Large windows throughout the home bring in plenty of natural light, creating a warm and inviting feel across the main living spaces.Downstairs, the legal 1-bedroom basement suite offers added value and flexibility, complete with a generous bedroom, 4-piece ensuite bathroom, and ample storage. Whether used for rental income, extended family, multi-generational living, or private guest accommodations, this space is a major asset.Outside, the double detached heated garage provides secure parking and additional storage, while the convenient alley access makes day-to-day use simple and functional. Investors, builders, and developers will also appreciate the redevelopment potential offered by the level lot and desirable location.Situated in sought-after Haysboro, you’ll enjoy close proximity to schools, parks, shopping, transit, and major roadways, all within one of Calgary’s most established and well-connected neighbourhoods.A rare opportunity to own a property that combines immediate functionality, income potential, and future upside in a fantastic location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 13.83 Ft x 13.83 Ft | |
| Family room | 13.75 Ft x 13.58 Ft | |
| Bedroom | 9.25 Ft x 14.00 Ft | |
| 4pc Bathroom | 9.08 Ft x 9.33 Ft | |
| Kitchen | 10.08 Ft x 9.92 Ft | |
| Dining room | 10.08 Ft x 7.25 Ft | |
| Furnace | 19.33 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 18.08 Ft x 13.58 Ft | |
| Kitchen | 9.67 Ft x 13.00 Ft | |
| Dining room | 6.00 Ft x 9.92 Ft | |
| Bedroom | 11.67 Ft x 11.83 Ft | |
| Bedroom | 10.75 Ft x 11.83 Ft | |
| Bedroom | 10.75 Ft x 11.08 Ft | |
| 4pc Bathroom | 7.17 Ft x 4.92 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
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,329
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.
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 Jun 16, 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.
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