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723 75 Avenue SW
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**Open house Saturday June 20th 2-4pm** An incredible opportunity awaits in this fully transformed bungalow, positioned on a spacious, sun-filled lot. Presently thriving as a profitable short-term rental, the double unit layout offers immense flexibility- allowing you to lease the levels independently, maximize Airbnb returns (currently booked approximately 75-80% of the year), host extended family with ease or accommodate multigenerational living.The interior boasts a modern aesthetic and crisp, light filled spaces. The main floor’s brick fireplace anchors the living room creating a relaxed atmosphere, while a large window allows in plenty of natural light. The kitchen has ample counter and storage space, stainless steel appliances and an extra deep island with counter seating. This main floor also features two bedrooms, including a primary retreat with space for king size furniture, a walk through closet and a full ensuite with separate shower, tub and dual vanity. A designated dining area that could also be used as a home office, a second full bathroom and laundry round off the main floor. The fully developed lower level features a separate entrance leading to an independent illegal suite with kitchenette, a very spacious living area, two additional, good sized bedrooms and two bathrooms including an ensuite. This level also has its own laundry room. The south-facing rear yard provides an exceptional outdoor footprint for entertaining and recreation with a paved patio and lots of green space. A rarity - vehicle storage is extensive, pairing a front drive way with the detached rear double garage makes it ideal for car enthusiasts or to store recreational gear. Tucked between Elbow Drive and McLeod trail, this location delivers effortless commuting. Residents are mere minutes from Chinook Centre, the Heritage LRT station, area schools, and the expansive trail networks surrounding the Glenmore Reservoir. Whether configured as a cash-flowing asset or a central fa mily haven, this property delivers options. Note: The owner will entertain selling the home fully furnished, making this a truly seamless, turn-key opportunity from day one, please reach out to the list agent for more details. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.67 Ft x 4.83 Ft | |
| 4pc Bathroom | 6.75 Ft x 12.58 Ft | |
| Other | 14.92 Ft x 5.33 Ft | |
| Bedroom | 13.42 Ft x 12.50 Ft | |
| Bedroom | 10.50 Ft x 9.00 Ft | |
| Family room | 31.58 Ft x 13.00 Ft | |
| Furnace | 9.67 Ft x 7.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14.33 Ft x 13.83 Ft | |
| Living room | 17.25 Ft x 14.25 Ft | |
| Primary Bedroom | 12.17 Ft x 12.58 Ft | |
| Dining room | 8.75 Ft x 8.75 Ft | |
| Bedroom | 9.67 Ft x 13.25 Ft | |
| 5pc Bathroom | 9.58 Ft x 11.25 Ft | |
| 4pc Bathroom | 7.67 Ft x 10.25 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
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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
-6.65%
Cap rate
3.53%
GRM
16.7
Break-even rent
$5,397
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.
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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 Jun 19, 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
8.0 km away
10.0 km away
12.8 km away
15.0 km away
Elementary
9.0 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
9.4 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
12.6 km away
Halal grocery
Amir Halal Meats & Grocery
9.5 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.