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Investment signal

$224,900

215, 723 57 Avenue SW

Save this home

Beds

2

Baths

1

Sqft

Year

1982

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Location, Lifestyle & Value!This spacious 2-bedroom home features a bright and functional layout, a generous living area that opens onto a sunny south-facing patio, and comfortable living designed for easy everyday enjoyment.Enjoy sought-after southwest Calgary living with the added convenience of secure underground parking and a well-managed adult-oriented building. Perfectly situated between the prestigious Calgary Golf & Country Club and CF Chinook Centre, this desirable 40+ adult living suite offers unbeatable convenience with quick access to downtown, shopping, dining, restaurants, and everyday amenities.This well-managed, building offers a social room, a healthy reserve fund, Whether you're looking for a home or add a solid investment property to your portfolio, this is an excellent opportunity in a prime location. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Windsor Park
Common interest
Condo/Strata
Living area
883 square feet
Bedrooms
2 above grade, 0 below grade
Parking
1 total
Condo/HOA fee
$562 monthly
Stories
4
On market
Apr 24, 2026
Status changed
Apr 27, 2026
Annual tax
$1,443 (2025)
Zoning
M-C2
Photos
13
MLS#
A2304769
Area
CALGARY_SW

Features and systems

Parking

GarageUndergroundHeated Garage

Appliances

RefrigeratorDishwasherStoveHood Fan

Heating

Baseboard heaters

Cooling

None

Exterior

ConcreteStucco

Construction

Poured concrete

Flooring

Carpeted

Lot

Parking

Community

Pets not AllowedAge Restrictions

Fee includes

Common Area MaintenanceProperty ManagementGround MaintenanceHeatWaterReserve Fund Contributions
Positive cash flow ~$429/mo at these assumptions

Cash on cash

11.45%

Cap rate

7.15%

GRM

9.9

Break-even rent

$1,448

Financing

Down payment$44,980
Loan amount$179,920
Mortgage$912/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$103
Insurance$80
Maintenance$187
CapEx reserve$94
Vacancy loss$95

Estimates 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.

Mortgage estimate

Estimated $912/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.

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