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408, 2702 17 Avenue SW
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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)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.75 Ft x 8.17 Ft | |
| Living room | 14.25 Ft x 19.50 Ft | |
| Laundry room | 3.50 Ft x 4.58 Ft | |
| Primary Bedroom | 9.50 Ft x 11.42 Ft | |
| 3pc Bathroom | 8.00 Ft x 4.83 Ft | |
| Bedroom | 10.42 Ft x 10.92 Ft | |
| 4pc Bathroom | 7.67 Ft x 4.83 Ft | |
| Other | 10.00 Ft x 7.58 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
-7.23%
Cap rate
3.42%
GRM
16.6
Break-even rent
$2,444
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 12, 2026.
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