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Investment signal

$350,000

227 53 Avenue E

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Beds

—

Baths

—

Sqft

—

Year

1963

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Claresholm. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

GREAT investment opportunity in the thriving community of Claresholm! This suited duplex features TWO 2-bedroom, 1-bathroom units and TWO 1-bedroom, 1-bathroom units, PLUS a double carport joining each side of this duplex, all wrapped up in sweet 1960s charm. Buy it and keep it as is, or switch things up and renovate it into two larger units with a single carport or garage each side. Or start with a clean slate and build a fresh new complex on this massive 132 x 125 foot fully serviced lot in an excellent location. Loads of possibilities here! All units are currently rented, with room for rental increases on all units. (id:65958)

Subtype: Multi-family
Architectural style: Bungalow
Structure: Multi-Family
Common interest: Freehold
Living area: 2,689 square feet
Lot size: 0.38 acres
Lot dimensions: 0.38
Parking: 8 total
Stories: 1
On market: Jan 21, 2026
Status changed: Apr 28, 2026
Annual tax: $2,076 (2025)
Zoning: R2
Photos: 17
MLS#: A2276332
Area: CLARESHOLM

Features and systems

Parking

Carport

Basement

Crawl space

Heating

Forced airNatural gas

Cooling

None

Exterior

Concrete

Construction

Poured concrete

Flooring

LaminateLinoleum

Lot

Back laneVisitAble

Positive cash flow ~$183/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

3.14%

Cap rate

5.49%

GRM

12.2

Break-even rent

$2,207

Financing

Down payment$70,000

Loan amount$280,000

Mortgage$1,419/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$292

CapEx reserve$146

Vacancy loss$120

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 $1,419/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 28, 2026.