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522 21 Avenue NW
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Beds
7
Baths
7
Sqft
1,512
Year
1912
Type
Single Family
On market
110d
ATTENTION INVESTORS & OWNER-OCCUPIERS: Rare opportunity to acquire a high-yield, inner-city property designed for multiple use purposes. Whether you want a turn-key cash cow or a "live-in" investment where your tenants pay the entire mortgage, this Mount Pleasant home is the perfect fit. THE HIGHLIGHTS:7 BEDROOMS WITH 7 BATHROOMS. A truly rare configuration! You can rent the whole house or "live and rent" with good privacy.PRIME NEIGHBOURHOOD & EQUITY: Located in the heart of Mount Pleasant, a community known for its high-end new-build infills. You are investing in a prime area where property values are supported by significant local redevelopment.CASH FLOW: Currently generating approximately $5,000 per month in rental income. LOCATION: Minutes from SAIT, the University of Calgary, and Downtown. High demand from students and professionals ensures zero vacancy and consistent returns.FLEXIBLE FINANCING – MOTIVATED SELLER: The seller is highly motivated to sell for personal reasons and offering creative solutions to help you secure this asset: Vendor Take-Back (VTB) / Seller Financing available. Zero Down-Payment opportunities for qualified buyers.Stop paying a mortgage and start collecting one! Ask for details on these unique incentives.MECHANICAL & SAFETY (Low Maintenance) Major capital expenses have already been addressed:2019: New Electrical Panel (100-amp) & New Hot Water Tank.2011: Full Sewer Line replacement to the city.2009: New Roof and Boiler system.SAFETY: Hard-wired smoke/CO detectors, fire-rated drywall in mechanical areas, and fire extinguishers installed.Don’t miss out on this rare Mount Pleasant gem. Book your private tour today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 6.33 Ft x 5.92 Ft | |
| 3pc Bathroom | 7.42 Ft x 5.25 Ft | |
| Bedroom | 10.00 Ft x 8.25 Ft | |
| Bedroom | 10.50 Ft x 8.25 Ft | |
| Other | 6.50 Ft x 4.00 Ft | |
| Kitchen | 6.33 Ft x 3.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.42 Ft x 7.25 Ft | |
| Kitchen | 12.50 Ft x 5.67 Ft | |
| 4pc Bathroom | 5.50 Ft x 6.25 Ft | |
| Other | 6.50 Ft x 9.50 Ft | |
| Bedroom | 13.42 Ft x 10.75 Ft | |
| 3pc Bathroom | 7.17 Ft x 4.42 Ft | |
| Bedroom | 15.08 Ft x 9.50 Ft | |
| 3pc Bathroom | 4.75 Ft x 6.25 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.75 Ft x 4.50 Ft | |
| 4pc Bathroom | 7.92 Ft x 6.08 Ft | |
| Bedroom | 12.00 Ft x 14.25 Ft | |
| Bedroom | 15.50 Ft x 11.17 Ft | |
| Dining room | 7.58 Ft x 8.75 Ft | |
| Other | 5.75 Ft x 1.75 Ft | |
| Other | 7.33 Ft x 5.75 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
-6.75%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,329
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 27, 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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