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1613 22 Avenue NW
DEVELOPMENT PERMIT! The One Your Financial Advisor Would Actually Be Proud Of ! 1613 22 Ave NW, Capitol Hill.Spring in Capitol Hill hits different when you're walking a 50 × 120 ft inner-city lot that you own. This isn't just a home — it's a calculated, coffee-fuelled, eyes-wide-open wealth move dressed up in curb appeal. The main residence comes paired with a separate living quarters that can generate income before the moving boxes are even unpacked, quietly chipping away at your mortgage every single month while you go about your life. In a city where inner-city land is being gobbled up faster than free donuts in a break room, a full-sized lot like this in Capitol Hill isn't just rare — it's the kind of asset that makes future-you want to send present-you a thank-you card.Step into the oversized 25 × 23 detached garage and try not to feel smug .; We dare you. Two cars, a workshop, a fridge full of beverages for exactly zero guests, whatever you want — the space is yours. Beyond the property lines, Capitol Hill delivers the full inner-city package: minutes to downtown via 14th Street, a stone's throw from SAIT and the University of Calgary, Confederation Park practically in your backyard for spring runs and weekend wandering, and enough cafés and restaurants along 14th Street and 16 Avenue that your dining-out budget will suffer in the most delightful way possible. This is the neighbourhood people move to and then refuse to leave — and now you understand why.But here's where it gets genuinely exciting — the kind of exciting that makes you sit up straight and read the next sentence twice. This property comes with an approved Development Permit for 6 units, fully in hand, ready to execute. No waiting rooms. No back-and-forth with city planning. No crossing fingers at a council meeting. The entitlement is done, the path is cleared, and the only thing missing is someone bold enough to walk through the door. In one of Calgary's most in-demand inner-city communities, on a full 50x120 lot, with a DP for six units already approved — this is generational wealth territory. The suite could pay you today. The garage spoils you today. And the development potential? That's the kind of upside that has a very long, very lucrative tail. Don't overthink it. The numbers already did. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.58 Ft x 9.83 Ft | |
| Bedroom | 10.58 Ft x 11.92 Ft | |
| Storage | 7.75 Ft x 2.83 Ft | |
| Laundry room | 15.17 Ft x 13.00 Ft | |
| 3pc Bathroom | 7.58 Ft x 6.92 Ft | |
| Family room | 10.17 Ft x 13.25 Ft | |
| Dining room | 10.17 Ft x 78.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.92 Ft x 9.17 Ft | |
| 4pc Bathroom | 7.08 Ft x 114.33 Ft | |
| Primary Bedroom | 12.08 Ft x 16.00 Ft | |
| Living room | 11.50 Ft x 15.83 Ft | |
| Other | 15.42 Ft x 8.42 Ft | |
| Other | 6.00 Ft x 2.25 Ft | |
| Other | 12.00 Ft x 3.42 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
-0.95%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,755
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 17, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.4 km away
8.1 km away
8.6 km away
10.2 km away
10.4 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
8.0 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
8.6 km away
9.0 km away
Halal grocery
Amir Halal Meats & Grocery
8.6 km away
Shaheen Grocery, Bakery & Halal Meat
10.7 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.