New buildInvestment signal

$1,567,000

8-12 Tulip Ridge Boulevard

Save this home

Beds

0

Baths

Sqft

Year

2026

Type

Other

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Paradise. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 8–12 Tulip Ridge Boulevard, a modern multi-unit investment opportunity in a growing and highly desirable neighbourhood. This well-designed property features six units, each offering a bright open-concept main floor with a spacious living room, dining area, and kitchen, along with access to a rear deck. The second level in each unit includes three bedrooms, highlighted by a primary suite with a walk-in closet and ensuite, plus a full bathroom and convenient laundry. Each unit also features a fully developed basement with a full bathroom, offering additional living space and flexibility for extended family, recreation, or potential rental use. Located close to schools, shopping, restaurants, and recreational amenities, this property offers both convenience and strong tenant appeal. With solid rental potential across all units, this is an excellent opportunity for investors looking to generate income while owning a modern, low-maintenance property with long-term value. (id:65958)

Subtype
Other
Structure
Multi-Family
Common interest
Freehold
Lot dimensions
82x144
Bedrooms
0 above grade, 0 below grade
On market
Apr 23, 2026
Status changed
Apr 23, 2026
Annual tax
$0 (2026)
Zoning
Res
Photos
1
MLS#
1296493
Area
PARADISE

Features and systems

Heating

Electric
Negative cash flow ~$1,675/mo at these assumptions

Cash on cash

-6.41%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,588

Financing

Down payment$313,400
Loan amount$1,253,600
Mortgage$6,352/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$718
Insurance$80
Maintenance$1,306
CapEx reserve$653
Vacancy loss$391

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 $6,352/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 23, 2026.

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