$750,000
2231 48 Street SE
Beds
—
Baths
—
Sqft
—
Year
1971
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
Wake up investors .Lowest price legal 4 plex , On a huge Corner lot ,All 4 units with 3 good size bedrooms , one bath, with separate furnaces,separate laundries and separate entrances.All units need some work.It is reflected in the price,So basically all units are sold in as is conditions. Units 2229 a and b are rented with long term tenants,willing to stay, no intention to move out they have been living there more than 10+ years. Each paying Rent $1400 per month including utilities. Unit 2231 a and b are vacant ,can be shown any time. units 2229 a and b have dogs and need some notice for showing.Please confirm appointments for these 2 units because of dogs,do not show these unit without confirmation.This location is excellent,Close to bus,schools,shopping and all the major routes . All Lower level windows installed in 2009, Tar and gravel roof Redone in 2002. Do not miss outstanding opportunity at this price for a legal 4 plex. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Forest Lawn
- Common interest
- Freehold
- Living area
- 1,917 square feet
- Lot size
- 714 square meters
- Lot dimensions
- 714.00
- Parking
- 5 total
- On market
- Mar 21, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $4,403 (2025)
- Zoning
- M-C1
- Photos
- 3
- MLS#
- A2295214
- Area
- CALGARY_NE
Cash on cash
-6.71%
Cap rate
3.52%
GRM
16.7
Break-even rent
$4,633
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 27, 2026.