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2023 8 Avenue NE
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Beds
4
Baths
3
Sqft
1,465
Year
1962
Type
Single Family
On market
0d
Rarely does a property with this much flexibility and potential come to market! This home features extensive renovations to the kitchen and other modern updates throughout. Fall in love with the dream kitchen renovations, but stay for the unique features that make this home worth checking out. A substantial rear addition creates more living space, and easy access to the low maintenance backyard. A second basement with private side entrance makes this home an ideal opportunity for multi-generational living, extended family, or supplemental rental income. The original home offers a warm and inviting layout with vaulted ceilings accented by beautiful cedar detailing, a spacious front living room with a cozy fireplace, a separate dining area, two bedrooms, an open concept kitchen with bar seating, coffee counter, and ample storage space. The main area has access to its own basement area with a beautifully finished recreation room that will have you feeling like you are in your wine country tasting room. Also find an another full bathroom, and a Washer/Dryer on this level. The other basement area has a suited layout and private side entrance that features a living space with two additional large bedrooms, and a bathroom with a large jetted tub, plus it’s own laundry setup. This space has been successfully rented over the years, offering a proven income-generating opportunity. Completing the property is an oversized double garage equipped with a working furnace, providing an ideal workspace or year-round parking. The front yard is landscaped with a two car driveway and large front deck. Mayland Heights is a well-established northeast Calgary community offering stunning city skyline and mountain views, mature tree-lined streets, and exceptional convenience. Located just minutes from downtown, Deerfoot Trail, and the Calgary International Airport, the neighbourhood provides easy access for commuters while maintaining a quiet residential feel. Residents enjoy nearb y parks, pathways, schools, shopping, and recreation facilities, making Mayland Heights an excellent choice for families, professionals, and investors seeking an affordable inner-city lifestyle with outstanding accessibility. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.00 Ft x 4.92 Ft | |
| Recreational, Games room | 15.83 Ft x 15.67 Ft | |
| 4pc Bathroom | 7.00 Ft x 10.08 Ft | |
| Bedroom | 10.67 Ft x 15.00 Ft | |
| Bedroom | 18.58 Ft x 8.58 Ft | |
| Kitchen | 11.25 Ft x 6.17 Ft | |
| Laundry room | 5.67 Ft x 12.50 Ft | |
| Recreational, Games room | 16.75 Ft x 12.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.50 Ft x 8.25 Ft | |
| Bedroom | 9.17 Ft x 14.17 Ft | |
| Dining room | 7.75 Ft x 23.00 Ft | |
| Family room | 16.00 Ft x 16.50 Ft | |
| Living room | 16.33 Ft x 19.25 Ft | |
| Primary Bedroom | 9.75 Ft x 14.17 Ft | |
| Kitchen | 18.00 Ft x 17.92 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
-6.73%
Cap rate
3.52%
GRM
16.6
Break-even rent
$4,263
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 9, 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.