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110, 525 56 Avenue SW
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Beds
1
Baths
1
Sqft
667
Year
1983
Type
Single Family
On market
45d
OPEN HOUSE SUNDAY, MAY 24 FROM 2-4PM*****Ideally situated just minutes from Chinook Centre, the Calgary C-Train, and downtown Calgary, this home offers unbeatable convenience. Enjoy easy access to Glenmore Trail, Deerfoot Trail, and Crowchild Trail, with a wide variety of amenities, shopping, and dining along Macleod Trail just moments away.This well-maintained unit features several thoughtful updates. The kitchen offers newer cabinetry, a black fridge and stove, and a newer stainless steel dishwasher. A convenient peekaboo island with an eating bar opens to the spacious living room, creating a more open concept.Flooring has been updated with ceramic tile in the kitchen and bathroom, along with newer laminate throughout the main living areas. The bright living room is finished in tasteful neutral tones and opens through sliding patio doors to a generously sized, south-facing private patio—perfect for relaxing or entertaining, with ample space for BBQs and outdoor furniture.The bedroom is well-proportioned and includes plenty of closet space. A partially renovated four-piece bathroom features a newer vanity and toilet.Additionally the building offers a clean well-maintained common laundry on the main level as well as access to the clubhouse with a cozy fireplace and space for gatherings. There is also an extra storage unit (E6) located on the main level and an assigned underground parking for added convenience. Whether you’re a first-time buyer or investor, this is an excellent opportunity. A current tenant is in place and would be happy to stay; however, notice has been given, and the unit can be vacant as of August 1, 2026. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.50 Ft x 7.58 Ft | |
| Other | 7.83 Ft x 9.58 Ft | |
| Dining room | 11.75 Ft x 9.25 Ft | |
| Living room | 13.08 Ft x 13.42 Ft | |
| Storage | 3.58 Ft x 3.83 Ft | |
| Primary Bedroom | 11.17 Ft x 12.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.75 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
7.33%
Cap rate
6.33%
GRM
10.7
Break-even rent
$1,170
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 21, 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.