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430 15 Avenue NE
Beds
2
Baths
1
Sqft
722
Year
1915
Type
Single Family
On market
146d
CHECK OUT THE VIRTUAL TOUR! Charming INNER CITY HOLDING PROPERTY WITH TONS OF POTENTIAL. This well-maintained single-family home in the desirable RENFREW community previously generated $2,500 in monthly rent (including utilities), making it appealing to investors seeking cash flow. The property is move-in ready or can be rented as-is, with potential for future development. There is over 1,030 sf of usable space, TALL CEILINGS and ample storage! The main floor includes an enclosed, BRIGHT FRONT PORCH with windows; 2 good-sized bedrooms; a 4-piece updated bathroom with tiled floors/walls; and a large dining/living room with CHARACTER HARDWOOD FLOORS and a decorative brick fireplace. As you head into the galley kitchen, you will find stainless steel appliances, including a GAS RANGE, along with a separate MAIN FLOOR LAUNDRY ROOM tucked away. Plus, off the back, you have another enclosed MUDROOM PORCH and more built-in storage space. Subject to city/municipality approval and permitting, you could have a separate entrance leading to the basement. There is ample storage and a large recreation room that could serve as a bachelor's suite. The backyard features a deck and a covered entrance to the oversized SINGLE-CAR GARAGE, which could serve as a shop or gym in addition to providing parking. This character home offers flexibility for occupancy or continued rental income, with potential for a basement suite. The zoning is M-C2, allowing for future infill development when ready. Check out this listing, which includes virtually staged photos to illustrate its great potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 17.00 Ft x 11.00 Ft | |
| Furnace | 12.08 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room/Dining room | 27.00 Ft x 9.75 Ft | |
| Kitchen | 11.75 Ft x 9.50 Ft | |
| Laundry room | 8.17 Ft x 5.58 Ft | |
| Primary Bedroom | 9.83 Ft x 8.00 Ft | |
| Bedroom | 9.50 Ft x 8.00 Ft | |
| 4pc Bathroom | 7.75 Ft x 5.00 Ft | |
| Other | 8.17 Ft x 4.58 Ft | |
| Other | 6.58 Ft x 6.75 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
-1.28%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,268
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.
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 23, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.