1-10, 1133 17 Avenue

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$3,590,000

1-10, 1133 17 Avenue

Capitol Hill, Calgary · MLS® A2333396

11,948 sq ft · Condo · Multi-family · built 1971 · 41 days on market

listed by Scott Russell, MaxWell Canyon Creek

realtor's description

Prime location adjacent to 16th Ave with panoramic SAIT views. Mixed-use concrete building featuring 8 fully leased 2 BD/1 BA apartments, ready for renovations to capture higher inner-city NW rental rates. The property offers a unique opportunity, as well as the vacant basement. The move-in-ready main floor is zoned for Health Care Services, 3,641 SF providing an ideal opportunity for an owner-user to establish their practice while benefiting from existing cash flow. Medical users can utilize the 12 dedicated front parking stalls plus street parking, while residents share 11 rear paved stalls. High-ceiling basement commercial space — rare for a mixed-use property. Over $152,000 invested in recent mechanical, boiler, parking lot, and façade improvements.

property details

type: Condo, Multi-family
living area: 11,948 sq ft
parking: 23
year built: 1971
property tax: $42,915 / yr
days on market: 41
MLS®: A2333396

features

Refrigerator
Range - Electric

property tax

about $23,873 a year

The asking price times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $42,915 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$19,218/mo

Mortgage $15,641 · Tax $3,576

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$15,641/ monthly

loan $2,872,000

25-year amortization

down payment20% · $718,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,820,386
land title fees: $6,565; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $724,565; down + land title fees
total paid: $4,692,386

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,450/mo
after all costs: −$17,919/mo
cap rate: -0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $15,641 · tax $3,576 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a studio in Calgary: CMHC's average there ($1,438) raised by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

location

Capitol Hill, CalgaryGoogle Maps ↗

Rapid transit: SAIT/AUArts/Jubilee CTrain station, 600 m (about 9 min walk); Lions Park CTrain station, 1.2 km (about 19 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE King George School413 m
Middle · CBE Rosedale School576 m
Secondary · CBE Chinook Learning Services1.5 km
Elementary · Catholic St. Joseph Elementary Junior High School1.2 km
Secondary · Catholic St. Isidore Online School1.9 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

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