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1607 2 Street NW
Beds
8
Baths
6 full + 2 half
Sqft
2,176
Year
2016
Type
Multi-family
On market
5d
Welcome to Crescent Heights! Located in this highly sought-after community, this unique front-back duplex offers an amazing investment opportunity with a total of four self-contained units. The property features two spacious upper suites, each with three bedrooms and one bathroom, along with convenient second-floor laundry. The main floors are thoughtfully designed with open-concept living areas, including a bright living room, a well-equipped kitchen with an island, and a half bathroom. The lower-level illegal suites, each with their own private entrance, offer one bedroom, one bathroom, and in-suite laundry. These provide excellent rental potential or can be used as private spaces for family or guests. Crescent Heights is a vibrant, tree-lined neighborhood that offers a perfect balance of urban convenience and quiet residential living. The property is just minutes away from downtown Calgary, providing easy access to shopping, dining, entertainment, and employment hubs. Major routes like 16th Avenue, Memorial Drive and Edmonton Trail are nearby, offering quick access to the city’s core and other key areas. With its central location, proximity to schools, parks, and transit, this property is ideal for both investors and those seeking a multi-generational living arrangement. Don’t miss out on this incredible opportunity in one of Calgary’s most desirable communities! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.75 Ft x 9.75 Ft | |
| Bedroom | 9.50 Ft x 10.92 Ft | |
| Den | 6.92 Ft x 11.58 Ft | |
| Kitchen | 7.25 Ft x 11.58 Ft | |
| Furnace | 5.83 Ft x 4.92 Ft | |
| 4pc Bathroom | 6.17 Ft x 9.75 Ft | |
| Kitchen | 8.75 Ft x 11.75 Ft | |
| Bedroom | 9.50 Ft x 11.00 Ft | |
| Den | 7.00 Ft x 11.75 Ft | |
| Storage | 9.33 Ft x 3.00 Ft | |
| Furnace | 6.33 Ft x 5.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.17 Ft x 5.00 Ft | |
| Dining room | 6.92 Ft x 12.17 Ft | |
| Kitchen | 10.08 Ft x 10.58 Ft | |
| Living room | 13.42 Ft x 12.00 Ft | |
| 2pc Bathroom | 5.33 Ft x 5.00 Ft | |
| Dining room | 10.58 Ft x 12.17 Ft | |
| Kitchen | 10.08 Ft x 10.67 Ft | |
| Living room | 9.75 Ft x 12.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.83 Ft x 8.83 Ft | |
| Bedroom | 9.00 Ft x 8.67 Ft | |
| Bedroom | 9.00 Ft x 10.58 Ft | |
| Primary Bedroom | 10.00 Ft x 12.17 Ft | |
| 4pc Bathroom | 5.75 Ft x 8.58 Ft | |
| Bedroom | 8.92 Ft x 10.58 Ft | |
| Primary Bedroom | 9.00 Ft x 8.75 Ft | |
| Primary Bedroom | 10.00 Ft x 12.17 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
-0.71%
Cap rate
4.72%
GRM
13.9
Break-even rent
$7,757
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 Jun 5, 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.