$1,600,000
8518 & 8520 33 Avenue NW
Beds
—
Baths
—
Sqft
—
Year
2026
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
An exceptional investment opportunity in the heart of Bowness, one of Calgary’s most desirable and evolving inner-city communities. This newly built full duplex property is purposefully designed as a turnkey income-generating asset, featuring two bedroom basement legal suites and two highly rentable upper units.The upper level units offer a well-designed, light-filled layout with modern finishes that appeal to quality tenants. Featuring two bedrooms, a full bathroom, and a powder room, along with a contemporary kitchen equipped with premium appliances, this space delivers both functionality and strong rental appeal.The self-contained two-bedroom legal basement suites include private entrances, high ceilings, fireplaces, and its own outdoor patio—features that are rarely found in comparable properties and significantly enhance tenant demand and rental value. The thoughtful design and separation between units support consistent occupancy and ease of management.Additional highlights include two detached double garages, providing added rental flexibility and potential for increased income. The property's low-maintenance, new construction offers peace of mind with minimal capital expenditure in the near term.Strategically located with quick access to downtown Calgary, major transit routes, parks, and recreational amenities, this property benefits from strong rental demand driven by both lifestyle and convenience. Proximity to Canada Olympic Park and the Bow River pathway system further enhances its long-term desirability.Ideal for investors seeking stable cash flow, future appreciation, and a high-quality asset in a growing community. This is a rare opportunity to secure a modern, income-producing property in a prime location. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Bowness
- Common interest
- Freehold
- Living area
- 1,882 square feet
- Parking
- 4 total
- Stories
- 1
- Fireplace
- 4
- On market
- Apr 19, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $0
- Zoning
- R-CG
- Photos
- 47
- MLS#
- A2303226
- Area
- CALGARY_NW
Features and systems
Parking
Basement
Appliances
Heating
Exterior
Construction
Flooring
Foundation
View
Cash on cash
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,788
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.
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 20, 2026.