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4323 75 Street NW
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Beds
—
Baths
—
Sqft
7,920
Year
1972
Type
Multi-family
On market
68d
Incredible investment opportunity to own a highly coveted 8-plex, backing onto a park and green space, in the heart of Bowness. This special building has displayed pristine condition for over 40 years. The current owner continued with meticulous pride in ownership after the previous owner who held the property for over 35 years. This buildings has maintained near 100% tenancy since it was purchased and continues to be a sought-after, income producing, building. Featuring 6 - large, 2 bedroom units, and 2 - large, 1 bedroom units, all with their own dedicated balcony, in-suite storage and paved parking stall. The units and common area are in good to great repair with paint, appliances, flooring, fixtures etc. upgraded or replaced as necessary. Additionally, the building has coin operated washer and dryer, plus a security cameras with video surveillance, available on your web connected device. Also included are items in the "general store"; a large storage room the previous owner established that holds a plethora of extra's and maintenance items. 8-plex's rarely hit the market, rarer still, buildings of this quality and marketability. (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
-0.59%
Cap rate
4.75%
GRM
13.9
Break-even rent
$13,124
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 Jun 9, 2026.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.