$1,449,900
1511 28 Avenue SW
Beds
—
Baths
—
Sqft
4,145
Year
1953
Type
Multi-family
Suite
Investment signal
Location nearby
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.
About this home
New price! Priced to sell. Proven long term tenant stability. This is a proven, high demand rental area with consistent tenant appeal, pride of ownership throughout and plenty of room to increase rents. Rare opportunity to own a Prime inner-city 6 -plex in desirable Bankview/South Calgary directly across from Mount Royal. Fully leased with five spacious 2-bedroom units and one 1-bedroom. A history of long-term tenants with virtually no vacancy. Hardwood floors, textured ceilings, and gas stoves in each unit. New Membrane roof (2021). Exceptional location minutes to downtown, close to Mount Royal University, Marda Loop, and 17th Avenue. Walking distance to transit, parks, and library. Rare opportunity to own a stable, easy-to-rent multifamily property in a prestigious location. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- South Calgary
- Living area
- 4,145 square feet
- Parking
- 6 total
- On market
- Feb 14, 2026
- Status changed
- Apr 30, 2026
- Annual tax
- $7,354.55 (2025)
- Zoning
- M-C1
- Photos
- 24
- MLS#
- A2286334
- Area
- CALGARY_SW
Features and systems
Heating
Construction
Cash on cash
-6.40%
Cap rate
3.58%
GRM
16.7
Break-even rent
$8,878
Financing
Operating expenses (monthly)
Estimates 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.
Location nearby
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 30, 2026.