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612 13 Avenue NE
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Calgary · Single Family · under $650,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Exceptional investment opportunity in one of Calgary's most desirable inner-city communities! Located on a quiet, tree-lined street in Renfrew, this purpose-built up/down bilevel offers immediate rental income, long-term holding potential, and outstanding future redevelopment possibilities on a desirable R-CG zoned lot measuring approximately 35' x 120' with mature trees. Backing directly onto a greenspace and park, this is a rare setting that combines privacy with incredible redevelopment appeal.Originally constructed as an up/down duplex, the home features a spacious two-bedroom upper suite and a one-bedroom lower illegal suite (developed as two separate units but not legalized through the City's secondary suite program). Each suite is serviced by its own high-efficiency furnace, while a shared utility and laundry room provides convenient access for both occupants.The upper suite offers a bright and functional layout with a spacious open-concept living and dining area, a large kitchen with plenty of cabinetry and workspace, two generous bedrooms, and a well-appointed four-piece bathroom. The lower suite mirrors much of the same floorplan, featuring a comfortable living area, full kitchen, spacious bedroom, and four-piece bathroom, but with only one bedroom.This property has been exceptionally well maintained over the years with numerous capital improvements already completed, including a brand-new roof (June 2026), one new high-efficiency furnace (2025, other is older), oversized power-vented hot water tank (2020), and newer washer and dryer. The mechanical updates provide peace of mind for investors while minimizing future maintenance costs.An equally impressive feature is the quality of the existing tenancy. The upper tenant has proudly called this property home for approximately 18 years, while the lower tenant has resided here for more than 25 years. Both tenants would love to remain, providing an outstanding opportunity for buyers seeking stable, reli able rental income from day one.Renfrew continues to be one of Calgary's most sought-after inner-city neighbourhoods, offering an unbeatable combination of lifestyle and investment potential. Just minutes from downtown, residents enjoy quick access to major roadways, public transit, schools, parks, pathways, restaurants, cafés, shopping, and the vibrant amenities of Bridgeland, Edmonton Trail, and the Bow River pathway system. Whether you're looking to add a solid income property to your portfolio, hold for long-term appreciation, or take advantage of the R-CG zoning to pursue future redevelopment opportunities, this property offers exceptional flexibility in a location where demand continues to grow.Properties with this combination of location, zoning, long-term rental stability, major mechanical upgrades, and redevelopment potential rarely become available. Don't miss your opportunity to invest in one of Calgary's premier inner-city communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room/Dining room | 21.00 Ft x 22.42 Ft | |
| Kitchen | 10.33 Ft x 17.42 Ft | |
| Bedroom | 10.50 Ft x 12.83 Ft | |
| 4pc Bathroom | 5.08 Ft x 7.00 Ft | |
| Furnace | 11.58 Ft x 15.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.00 Ft x 17.75 Ft | |
| Dining room | 9.92 Ft x 11.17 Ft | |
| Kitchen | 10.83 Ft x 11.75 Ft | |
| Primary Bedroom | 11.92 Ft x 13.58 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.50 Ft | |
| Bedroom | 10.92 Ft x 10.92 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
-6.87%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,723
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 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.1 km away
5.2 km away
7.4 km away
7.9 km away
Al Madinah Islamic Centre
9.3 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.0 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
5.1 km away
5.7 km away
Halal grocery
Amir Halal Meats & Grocery
5.2 km away
Shaheen Grocery, Bakery & Halal Meat
7.9 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.