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7428 23 Street SE
3 bedrooms up, 2-bedroom suite down! Excellent rental revenue potential in the established community of Ogden! Located at 7428 23 Street SE, this R-C2 zoned bungalow offers a versatile layout with a main floor residence, legal basement suite, and detached garage that can be rented separately for additional income. Previously rented for over $3,500/month, this property is ideal for investors, multi-generational living, or buyers looking to live up and rent down.The main floor features 3 bedrooms, a full bathroom, updated vinyl plank flooring, and a beautifully renovated kitchen complete with newer cabinetry, countertops, and backsplash. The legal lower suite offers 2 additional bedrooms, a full bathroom, separate entrance, and excellent functionality for tenants or extended family.Significant updates include a new roof, newer furnace, newer hot water tank, newer windows throughout, updated siding, soffit/fascia, vinyl plank flooring, and kitchen renovations, making this a move-in ready and income-generating opportunity. Outside, enjoy a large backyard, 2-car parking pad, and detached double garage.Located just half a block from George Moss Park with a playground, baseball diamonds, tennis courts, off-leash green space, and walking areas, this property offers both convenience and lifestyle appeal. Ogden continues to be a highly accessible southeast Calgary community with quick access to Deerfoot Trail, Glenmore Trail, schools, parks, transit, and nearby amenities. A rare opportunity to secure a revenue property with multiple income streams in a well-connected location! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.00 Ft x 7.83 Ft | |
| Living room/Dining room | 22.58 Ft x 14.83 Ft | |
| 4pc Bathroom | 12.67 Ft x 7.75 Ft | |
| Bedroom | 7.58 Ft x 15.42 Ft | |
| Bedroom | 9.92 Ft x 11.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room/Dining room | 17.67 Ft x 14.75 Ft | |
| Kitchen | 12.17 Ft x 11.33 Ft | |
| Primary Bedroom | 11.08 Ft x 12.67 Ft | |
| Bedroom | 9.33 Ft x 12.67 Ft | |
| Bedroom | 12.17 Ft x 9.17 Ft | |
| 4pc Bathroom | 8.92 Ft x 6.50 Ft | |
| Foyer | 18.00 Ft x 4.33 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
-1.03%
Cap rate
4.66%
GRM
13.9
Break-even rent
$3,965
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.
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 Jun 13, 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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