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Investment signal

$389,000

408, 2702 17 Avenue SW

Save this home

Beds

2

Baths

2

Sqft

Year

2016

Type

Single Family

Suite

Suite potential

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

Welcome to this top-floor unit in Shaganappi, built by Truman Homes. This well designed 2 bedroom, 2 bathroom condo offers a clean, modern layout in a highly convenient inner-city location. The unit is currently tenant occupied, making it a solid option for investors seeking immediate rental income, while still being a great fit for future end-users. Inside, you’ll find 10-foot ceilings and engineered hardwood flooring throughout the main living space. The kitchen features quartz countertops, two-tone cabinetry, and stainless steel appliances, including a built-in oven and gas cooktop, complemented by a subway tile backsplash. The living area is bright with large windows and opens onto a north-facing balcony with a gas line. The primary bedroom includes a walk-in closet and a 3-piece ensuite with a glass shower. The second bedroom and full bathroom are well separated, offering flexibility for guests, roommates, or a home office. A built-in desk area adds practical day-to-day functionality. Additional features include in-suite laundry, wall-mounted A/C, titled underground parking, and an assigned storage locker. You’re just a short walk to the LRT, Westbrook Mall, and Killarney Aquatic Centre, with quick access to downtown and 17th Avenue - making this a highly accessible and convenient location. A great opportunity for both investors and buyers looking for a low maintenance inner-city property. Book your showing today! (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Shaganappi
Common interest
Condo/Strata
Living area
805 square feet
Bedrooms
2 above grade, 0 below grade
Parking
1 total
Condo/HOA fee
$554.69 monthly
Stories
4
On market
Apr 22, 2026
Status changed
Apr 22, 2026
Annual tax
$2,700 (2025)
Zoning
MU-1 f4.5h22
Photos
35
MLS#
A2303956
Area
CALGARY_SW

Features and systems

Parking

Underground

Appliances

WasherRefrigeratorCooktop - GasDishwasherDryerMicrowaveOven - Built-InHood FanWindow Coverings

Heating

Baseboard heatersNatural gas

Cooling

Wall unit

Exterior

Composite Siding

Construction

Wood frame

Flooring

TileHardwood

Lot

No Animal HomeNo Smoking HomeParking

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceProperty ManagementWaste RemovalGround MaintenanceHeatWaterInsuranceCondominium AmenitiesParkingReserve Fund ContributionsSewer
Negative cash flow ~$469/mo at these assumptions

Cash on cash

-7.23%

Cap rate

3.42%

GRM

16.6

Break-even rent

$2,444

Financing

Down payment$77,800
Loan amount$311,200
Mortgage$1,577/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$178
Insurance$80
Maintenance$324
CapEx reserve$162
Vacancy loss$98

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 $1,577/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 22, 2026.

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