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2428 14 Street SW
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Beds
—
Baths
—
Sqft
6,000
Year
1958
Type
Business
On market
105d
Exceptional investment opportunity in one of Calgary’s most sought-after inner-city communities — Upper Mount Royal.This well-maintained 8-suite apartment building offers a rare chance to acquire a pride-of-ownership asset in a premier location known for long-term stability and strong tenant demand. Positioned minutes to 17th Ave and downtown, this property blends character, functionality, and future upside.The building consists of six spacious two-bedroom units, each thoughtfully designed with both front and rear entrances — a highly desirable feature for tenants seeking privacy and convenience. In addition, there is one additional one-bedroom unit and one bachelor suite, providing a balanced and flexible unit mix.The current owner has carefully maintained the property over the years, with ongoing upkeep and selected updates that reflect true care and stewardship. The mechanical systems and common areas show well, offering confidence for both seasoned investors and those entering the multi-family market.Additional features include coin-operated laundry and secure individual storage lockers for tenants. At the rear of the building, there is parking for up to seven vehicles, complemented by ample street parking — a significant advantage in this high-demand inner-city location.Tenants will appreciate the walkability to the Sunalta LRT station, downtown core, 17th Avenue, parks, shopping, restaurants, and everyday amenities. The location supports consistent occupancy and long-term rental appeal.Whether you are expanding your portfolio or seeking a stable multi-family asset in a blue-chip neighbourhood, this Upper Mount Royal property presents a compelling opportunity with both immediate income and future growth potential.Opportunities like this in established inner-city communities are increasingly rare. (id:65958)
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
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,608
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 May 21, 2026.
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.