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Investment signal

$197,000

241, 1717 60 Street SE

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Beds

Baths

Sqft

—

Year

2003

Type

Single Family

Suite

Investment signal

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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

Move-in ready 2nd-floor condo in Elliston Park. Bright 1 bedroom plus generous den — ideal for a home office or guest room — featuring crisp white cabinets and matching white appliances. Secure building with two elevators and a bus stop outside offering service downtown and to the C-Train. Unit includes an outdoor parking stall. Pet-friendly complex offers community garden boxes and a fenced dog run.Enjoy easy access to Elliston Park’s beautiful lake, walking/bicycling paths, playground, off-leash area, and the annual GlobalFest fireworks. Well-managed building in a convenient location close to shopping, dining, transit, and recreation. Also makes for a reliable rental investment property. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Red Carpet
Common interest: Condo/Strata
Living area: 541 square feet
Bedrooms: 1 above grade, 0 below grade
Parking: 1 total
Condo/HOA fee: $459.17 monthly
Stories: 4
On market: Apr 14, 2026
Status changed: Apr 22, 2026
Annual tax: $1,044.47 (2025)
Zoning: M-C2
Photos: 27
MLS#: A2300973
Area: CALGARY_NE

Features and systems

Appliances

RefrigeratorDishwasherStoveHood FanWasher & Dryer

Heating

Baseboard heaters

Cooling

None

Exterior

Vinyl siding

Construction

Wood frame

Flooring

LaminateCork

Lot

PVC windowNo Smoking HomeParking

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceProperty ManagementWaste RemovalGround MaintenanceHeatElectricityWaterInsuranceCondominium AmenitiesParkingReserve Fund ContributionsSewer

Positive cash flow ~$115/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

3.50%

Cap rate

5.56%

GRM

11.7

Break-even rent

$1,279

Financing

Down payment$39,400

Loan amount$157,600

Mortgage$799/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$90

Insurance$80

Maintenance$164

CapEx reserve$82

Vacancy loss$70

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.

Mortgage estimate

Estimated $799/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.