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2714 74 Avenue SE
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Calgary · Single Family · under $575,000 · 5+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Excellent investment opportunity with strong rental income potential featuring egress windows! This spacious 6-bedroom bungalow is ideally set up for room rentals and is located just 2 blocks from the future Green Line LRT station in Ogden, offering exceptional long-term growth and transit convenience.Currently configured for income generation, the property has multiple rented rooms in place (5 of 6 bedrooms occupied), providing immediate rental potential with flexibility for tenants to remain or vacate depending on the buyer’s preference. This makes it an ideal opportunity for both investors and homeowners looking to significantly offset carrying costs.The functional layout includes 3 bedrooms on the main floor and 3 additional bedrooms in the fully developed basement, along with 2 full bathrooms (one per level). All basement bedrooms include egress windows, enhancing usability and livability. The basement has been recently renovated, while the main floor has been freshly painted, making the home well maintained and move-in ready.Situated on a large lot in the established community of Ogden, the property offers a generous backyard featuring a gazebo, firepit, barbecue area, and swing, perfect for outdoor enjoyment and tenant appeal. this property presents a rare combination of income potential, location, and long-term upside. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.42 Ft x 10.92 Ft | |
| Bedroom | 10.83 Ft x 10.33 Ft | |
| Bedroom | 11.25 Ft x 8.17 Ft | |
| 3pc Bathroom | 8.00 Ft x 5.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.75 Ft x 12.08 Ft | |
| Bedroom | 8.92 Ft x 8.33 Ft | |
| Bedroom | 13.58 Ft x 8.33 Ft | |
| 4pc Bathroom | 10.42 Ft x 5.50 Ft | |
| Dining room | 10.33 Ft x 7.25 Ft | |
| Kitchen | 9.25 Ft x 8.75 Ft | |
| Living room | 13.50 Ft x 12.42 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
1.37%
Cap rate
5.14%
GRM
12.9
Break-even rent
$3,177
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 Jul 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
7.0 km away
10.7 km away
12.4 km away
12.5 km away
Al Madinah Islamic Centre
14.8 km away
Elementary
5.6 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
6.5 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
10.5 km away
Halal grocery
Amir Halal Meats & Grocery
6.5 km away
Shaheen Grocery, Bakery & Halal Meat
12.5 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.