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Investment signal

$524,900

121 Broadway Avenue E

Beds

Baths

Sqft

Year

1973

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Great apartment located in the centre of Redcliff. 4 units, 2 - 2 bedroom and 2 - 3 bedroom. All units have a fridge and stove, one unit has a dishwasher. A 3 vehicle carport and a single garage are attached, street parking is also available. Above the carport is a nice deck for the tenants to use. Coin operated laundry is located in the basement which is also the location of the hot water tanks and furnaces. (id:65958)

Subtype
Multi-family
Structure
Multi-Family
Common interest
Freehold
Living area
4,426 square feet
Lot size
3,825 square feet
Lot dimensions
3825.00
Parking
9 total
Stories
2
On market
Feb 23, 2026
Status changed
Apr 15, 2026
Annual tax
$3,533 (2025)
Zoning
R3
Photos
5
MLS#
A2288238
Area
REDCLIFF

Features and systems

Parking

CarportCoveredOtherStreet

Basement

See Remarks

Appliances

RefrigeratorStoveSee remarks

Heating

Forced air

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Construction

Wood frame

Flooring

LaminateCarpetedLinoleum

Foundation

Poured Concrete
Negative cash flow ~$1,059/mo at these assumptions

Cash on cash

-12.11%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,740

Financing

Down payment$104,980
Loan amount$419,920
Mortgage$2,576/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$241
Insurance$80
Maintenance$437
CapEx reserve$219
Vacancy loss$131

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,576/mo at 5.49% with 20% down, 25-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 15, 2026.

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