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1440 45 Street SW
Rarely offered in today’s market, this well-maintained 4-plex in Southwest Calgary presents a compelling opportunity for investors seeking scale, stability, and long-term upside. Located at 1438/1440 45 Street SW, this attached multi-unit residential property features four fully self-contained rental units, each approximately 1,050 sq. ft. RMS, for a total of approximately 4,200 sq. ft. of developed living space, including basements. Each unit offers a functional, tenant-friendly floor plan with spacious living rooms, dedicated dining areas, full kitchens, multiple bedrooms, four-piece bathrooms, and in-suite laundry. Well-proportioned layouts, excellent natural light, and efficient use of space support strong rental demand, long tenant retention, and durable cash flow, making this an ideal asset for investors focused on performance and longevity. Situated in a highly desirable and established Southwest Calgary community, the property benefits from close proximity to schools, parks, public transit, major commuter routes, shopping, and everyday amenities. This central location continues to attract quality tenants and has demonstrated resilience across market cycles, reinforcing the property’s long-term investment appeal. Additional value is provided by rear lane access and a detached garage, offering flexibility for tenants and owners alike. The property’s configuration supports multiple investment strategies, including holding for steady income, operational optimization, or future redevelopment potential, subject to municipal approvals. Whether you are expanding an existing rental portfolio, entering the Calgary multi-family investment market, or securing a strategic inner-city revenue property, this 4-plex in Southwest Calgary represents a rare opportunity to acquire a sizable, versatile asset with location, scale, and upside all in one offering. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.25 Ft x 11.00 Ft | |
| Dining room | 9.00 Ft x 9.00 Ft | |
| Living room | 12.50 Ft x 20.17 Ft | |
| Laundry room | 3.42 Ft x 4.00 Ft | |
| Bedroom | 12.50 Ft x 11.00 Ft | |
| Bedroom | 10.00 Ft x 9.00 Ft | |
| Bedroom | 8.00 Ft x 11.00 Ft | |
| 4pc Bathroom | 8.75 Ft x 5.00 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
-0.75%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,666
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 Jun 15, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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