Question 1

What are the monthly costs for 109, 738 1 Avenue SW?

Accepted Answer

The estimated monthly costs for 109, 738 1 Avenue SW are approximately $11,913.85, including mortgage payment of $8,977.47 (with 20% down at 5.5% interest), property taxes of $967.00/month, and condo fees of $1,969.38. Contact us for personalized financing options and current rates.

Question 2

What is the rental income potential for 109, 738 1 Avenue SW, Calgary?

Accepted Answer

This 1988.26 sqft property at 109, 738 1 Avenue SW could generate approximately $2,684.15/month in rental income (based on Calgary's $1.35/sqft average). After expenses including property tax, maintenance, and management fees, the estimated net rental yield is -0.01% annually. Actual rental rates vary by specific location, property condition, and current market demand.

Question 3

How much are property taxes for 109, 738 1 Avenue SW?

Accepted Answer

Property taxes for 109, 738 1 Avenue SW are estimated at approximately $11,603.99 annually ($967.00/month) based on Calgary's average mill rate of 0.635%. Actual taxes depend on the property's current assessed value and can vary. Contact us for confirmed tax amounts.

Question 4

Is 109, 738 1 Avenue SW a good investment property?

Accepted Answer

109, 738 1 Avenue SW presents moderate investment value at $919.10/sqft. This 2 bedroom, 3 bathroom Residential offers an estimated gross rental yield of 1.76% with potential monthly rental income of $2,684.15. Calgary's stable economy, growing population, and diverse rental demand make it an attractive market for real estate investors. Use our investment analysis tools to calculate detailed cash flow, cap rate, and ROI projections specific to this property.

Question 5

What is the neighborhood like for 109, 738 1 Avenue SW?

Accepted Answer

109, 738 1 Avenue SW is located in Calgary, Alberta, a vibrant metropolitan area with strong economic fundamentals and growing rental demand. Calgary consistently ranks among Canada's top cities for real estate investment due to its diversified economy, high employment rates, excellent infrastructure, and quality of life. The property provides access to local amenities including shopping, dining, schools, parks, and public transportation. For detailed neighborhood statistics, walkability scores, nearby amenities, and investment metrics specific to this location, contact our investment specialists.

Question 6

What are the condo fees for 109, 738 1 Avenue SW?

Accepted Answer

Monthly condominium fees for 109, 738 1 Avenue SW are $1,969.38 ($23,632.56/year). Condo fees typically cover building maintenance, common area upkeep, building insurance, amenities (gym, pool, concierge), and reserve fund contributions for major repairs. These fees are an important consideration for investment properties as they directly impact monthly carrying costs and net rental income calculations.

Question 7

How old is 109, 738 1 Avenue SW?

Accepted Answer

Being relatively new (built 2019), this property likely features modern construction standards, energy-efficient systems, updated building codes, and may require minimal immediate maintenance. Newer properties often qualify for lower insurance rates and have remaining builder warranties.

109, 738 1 Avenue SW

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