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1338 34 Street SE
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Beds
4
Baths
3 full + 1 half
Sqft
1,270
Year
1966
Type
Single Family
On market
93d
Exceptional investment opportunity in Radisson Heights! This illegally suited half duplex offers 1,270 sq ft above grade with a 3-bedroom upper suite and a 1-bedroom lower illegal suite, providing excellent potential for two separate units.The upper suite features a spacious layout with three well-sized bedrooms, a bright living area, and functional kitchen and dining space. The illegal basement suite includes its own private living space, offering flexibility for a second living space.A single attached garage adds further value and convenience for occupants.Situated in the established community of Radisson Heights, the property is close to parks, schools, transit, and the amenities of 17th Avenue SE, a location that continues to see strong rental demand due to its proximity to downtown and major transportation routes.The home is largely in original condition, creating an ideal value-add opportunity for investors looking to renovate, increase rents, and build equity. Whether you're expanding your rental portfolio, seeking a property with strong income potential, or looking for a renovation project with upside, this property offers excellent long-term investment potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.83 Ft x 9.58 Ft | |
| Other | 13.25 Ft x 3.08 Ft | |
| 4pc Bathroom | 8.00 Ft x 4.92 Ft | |
| Family room | 12.08 Ft x 14.92 Ft | |
| Other | 14.58 Ft x 9.83 Ft | |
| Furnace | 14.17 Ft x 14.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.42 Ft x 10.33 Ft | |
| Dining room | 11.17 Ft x 11.00 Ft | |
| Pantry | 5.00 Ft x 1.92 Ft | |
| Living room | 14.33 Ft x 15.25 Ft | |
| Bedroom | 11.92 Ft x 11.25 Ft | |
| Other | 11.25 Ft x 3.58 Ft | |
| Bedroom | 10.92 Ft x 11.25 Ft | |
| Primary Bedroom | 15.50 Ft x 11.33 Ft | |
| 2pc Bathroom | 4.83 Ft x 3.17 Ft | |
| 4pc Bathroom | 11.42 Ft x 4.92 Ft | |
| Other | 3.00 Ft x 4.42 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
5.56%
Cap rate
5.98%
GRM
11.5
Break-even rent
$2,510
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 26, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.