609, 788 12 Avenue SW

about $1,330 a year

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

The listing shows $1,183 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.

rent

$1,560/mo

after all costs

$42/mo

cap rate

5.5%

yearly net rent ÷ price

Costs: mortgage $871 · tax $99 · strata $388 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Calgary: CMHC's average there ($1,581) lowered 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

Rapid transit: 8 Street Southwest CTrain station, 500 m (about 8 min walk); 7 Street Southwest CTrain station, 500 m (about 8 min walk).

Rapid transit: 8 Street Southwest CTrain station, 500 m (about 8 min walk); 7 Street Southwest CTrain station, 500 m (about 8 min walk).