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416/418 33 Avenue NE
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Full duplex on a massive 66 ft x 115 ft lot with two illegal basement suites, strong rental upside, and a location that keeps tenants connected. Each upper unit offers 899 sq. ft. with a functional 2 bedroom, 1 bathroom layout, including a large kitchen, dining area, and living room. Each illegal basement suite has its own side entrance and offers 766 sq. ft. with a 2 bedroom, 1 bathroom configuration.The property is well maintained and currently rented to long-term tenants, with one of the four units vacant and ready for a new tenant at current market rates. New tile work in 416A entry and bathroom. Newer tile work in 418B bathroom. A double detached garage at the rear provides two parking spaces, plus two additional stalls for a total of four parking spaces. There is also plenty of side yard patio space, adding useful outdoor area for tenants.Located just off Edmonton Trail, this property offers quick access to downtown, East Calgary, Deerfoot Trail, Greenview Industrial Park, and is only blocks from the planned future Green Line expansion.With a handyperson’s touch, this multi-family property offers excellent long-term potential for investors looking to add value, improve rents, and hold in a highly accessible inner-city location. (id:65958)
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
-0.80%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,089
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 17, 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
4.8 km away
6.3 km away
6.9 km away
Al Madinah Islamic Centre
8.3 km away
8.7 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
4.8 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
6.4 km away
7.1 km away
Halal grocery
Amir Halal Meats & Grocery
6.5 km away
Shaheen Grocery, Bakery & Halal Meat
7.4 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.