We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
4010 8 Avenue SW
Beds
4
Baths
2
Sqft
864
Year
1958
Type
Single Family
On market
382d
Outstanding Redevelopment Opportunity – Prime Corner Lot with Approved 4-Plex Plans!This is a rare and exciting investment opportunity on a large 8,320 sq. ft. corner lot, already approved for a 4-unit residential build (BP approved). Zoned M-C1, the property offers endless redevelopment potential in one of Calgary’s most sought-after locations.The existing raised bungalow features two separate units, each with private entrances and oversized windows for an abundance of natural light. Options abound: live in one unit and rent the other, rent both for immediate income, or develop the site into a modern multi-family build.Located just a short walk to Westbrook Mall and the LRT station, this property offers unbeatable convenience with shopping, restaurants, schools, and amenities all nearby.Upper unit includes 2 bedrooms, 1 full bathroom, a spacious living room with original hardwood floors, a kitchen with ample cabinetry, and shared laundry access.The bright, illegal basement suite features large windows, 2 bedrooms, 1 full bath, a generous living area, and a spacious kitchen.Other highlights include a double attached garage and the incredible potential of this expansive corner lot.This is truly a money-making opportunity in a location with limitless future value. Properties like this don’t come along often—book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.00 M x 10.00 M | |
| Bedroom | 9.00 M x 10.00 M | |
| 4pc Bathroom | 8.00 M x 5.00 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 M x 11.00 M | |
| Primary Bedroom | 9.00 M x 12.00 M | |
| 4pc Bathroom | 9.00 M x 5.00 M |
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
-0.82%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,658
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 28, 2026.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
Gandour Halal Meats & Deli
1619 37 Street SW, Calgary, AB T3C 1S7, Canada
2.9 rating · 80 reviews
0.7 km
est. 1 min
FOOD WORLD Halal Meat and Grocery
1916 37 Street SW, Calgary, AB T3E 3A3, Canada
3.8 rating · 162 reviews
0.9 km
est. 1 min
0.9 km
est. 1 min
Little Lebanon Pita Pies & Donair
3515 17 Ave SW, Calgary, AB T3E 0B6, Canada
4.5 rating · 1,174 reviews
0.9 km
est. 1 min
Taj kabob - Afghan Street Food
40 Christie Park View SW #1140, Calgary, AB T3H 2Y7, Canada
4.6 rating · 335 reviews
2.5 km
est. 4 min
TEHRAN GROCERY
2120 Kensington Rd NW, Calgary, AB T2N 3R7, Canada
4.6 rating · 103 reviews
2.5 km
est. 4 min
1 Tamarac Crescent SW, Calgary, AB T3C 3B7, Canada
5.0 rating · 4 reviews
0.5 km
est. 1 min
Calgary south west masjid
1629 38 St SW, Calgary, AB T3C 1T8, Canada
1.9 km
est. 3 min
2.0 km
est. 3 min
Wildwood School | Calgary Board of Education
120 45 St SW, Calgary, AB T3C 2B3, Canada
1.0 km
est. 2 min
Westmount Charter Elementary School
728 32 St NW, Calgary, AB T2N 2V9, Canada
1.7 km
est. 3 min
2839 49 St SW, Calgary, AB T3E 3X9, Canada
2.3 km
est. 4 min
Sunalta Station
Calgary, AB T3C 0K1, Canada
4.2 rating · 50 reviews
3.1 km
est. 5 min
EB 69 Street CTrain Station
Calgary, AB T3H 0N7, Canada
4.1 rating · 32 reviews
3.3 km
est. 5 min
Banff Trail
Calgary, AB T2M 4C1, Canada
4.2 rating · 19 reviews
3.5 km
est. 6 min
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.