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Investment signal

$1,800,000

317 - 319 8th AVENUE SW

Save this home

Beds

Baths

Sqft

Year

1978

Type

Multi-family

Suite

Investment signal

Location nearby

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

About this home

24 Suites -two -12 suite apartment blocks side by side in the town of Biggar. Each has 11 two bedroom suites and only 1 one bedroom suite. In exceptional condition with many suites upgraded - sales brochure in the supplements. (id:65958)

Subtype
Multi-family
Architectural style
Low rise
Structure
Multi-Family
Common interest
Freehold
Lot size
35,000 square feet
Lot dimensions
35000.00
Parking
24 total
Stories
2.5
On market
Apr 9, 2026
Status changed
Apr 21, 2026
Annual tax
$12,727 (2025)
Photos
36
MLS#
SK032499
Area
BIGGAR

Features and systems

Appliances

RefrigeratorStoveAlarm System

Heating

Natural gasHot Water

Cooling

Air Conditioned

Lot

Balcony

Community

Adult Oriented
Negative cash flow ~$1,901/mo at these assumptions

Cash on cash

-6.34%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,001

Financing

Down payment$360,000
Loan amount$1,440,000
Mortgage$7,296/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$825
Insurance$80
Maintenance$1,500
CapEx reserve$750
Vacancy loss$450

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 $7,296/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 21, 2026.

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