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Calgary · Multi-family · under $1,300,000 · 9+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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5113 17 Avenue NW
Rare inner-city opportunity in the heart of Montgomery, one of Calgary's most sought-after established communities. This well-maintained full duplex with two legal basement suites sits on an oversized 8,890 sq ft R-CG lot, offering immediate rental income across four residential units plus a detached garage with additional income potential.Perfectly positioned minutes from the University of Calgary, Foothills Medical Centre, and Alberta Children's Hospital, this property sits in one of the city's strongest and most consistent rental demand corridors. Tenants are easy to find and easy to keep here.R-CG zoning permits grade-oriented infill development as of right, including rowhouses and stacked units, with no rezoning required. For investors with a longer horizon, the seller has completed a preliminary City inquiry suggesting 16 to 20 units may be achievable under a higher-density designation, making this one of the more compelling land plays available in the inner city today.Whether you are acquiring a cash-flowing rental hold, planning an as-of-right infill build, or positioning for a future rezoning, this property checks every box. Opportunities like this in established inner-city neighbourhoods with this lot size, zoning, and location do not come around often. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.50 Ft x 11.75 Ft | |
| Bedroom | 11.75 Ft x 8.75 Ft | |
| Bedroom | 9.50 Ft x 11.75 Ft | |
| Bedroom | 11.75 Ft x 8.75 Ft | |
| 4pc Bathroom | — | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.33 Ft x 10.58 Ft | |
| Primary Bedroom | 12.33 Ft x 10.58 Ft | |
| Bedroom | 10.58 Ft x 8.00 Ft | |
| Bedroom | 12.33 Ft x 9.00 Ft | |
| Bedroom | 10.58 Ft x 8.00 Ft | |
| Bedroom | 12.33 Ft x 9.00 Ft | |
| 4pc Bathroom | — | |
| 4pc Bathroom | — |
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
-0.77%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,362
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 Jul 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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