32 8020 Silver Springs Road NW in Calgary: Silver Springs Row/Townhouse for sale : MLS®# A2184155
Begin your search of investment property listings in Calgary with a price range of up to $600,000 below. Whether it be a condo, townhome, or single-family residence, investing in well-priced real estate can generate a second source of income and create more financial security for those looking to take the step.
Find out more about Calgary investment properties for sale or to schedule a private showing of any listing(s) below, contact our team of experienced real estate agents anytime at 403.370.4008 and they will be happy to assist you!
32 8020 Silver Springs Road NW
Calgary
T3B 5R6
$509,900
Residential
beds: 2
baths: 2.0
1,120 sq. ft.
built: 1994
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2184155
- Bedrooms:
- 2
- Bathrooms:
- 2
- Year Built:
- 1994
- Photos (37)
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- Property Type:
- Residential
- Property Sub Type:
- Row/Townhouse
- Condo Type:
- Conventional Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- No
- Home Style:
- 4 Level Split
- Total Living Area:
- 1,119.81 sq. ft.
- Main Level Finished Area:
- 735 sq. ft.
- Upper Level Finished Area:
- 344 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- Condo Fee:
- $508.41
- Condo Fee Includes:
- Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
- HOA Fee Includes:
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- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
- Signup
- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Front Exposure:
- West
- Reg. Size:
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- Reg. Size Includes:
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- Entry Level:
- 1
- Levels:
- 4 Level Split
- End Unit:
- 2+ Common Walls
- Total Rooms Above Grade:
- 6
- Year built:
- 1994 (Age: 30)
- Bedrooms:
- 2 (Above Grd: 2)
- Bedrooms Above Grade:
- 2
- Bedrooms Below Grade:
- 0
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 9412706
- Heating:
- Forced Air, Natural Gas
- Basement:
- None
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Brick, Vinyl Siding, Wood Frame
- Structure Type:
- Five Plus
- Roof:
- Cedar Shake
- Ensuite:
- Yes
- Flooring:
- Hardwood
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Gas
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached, Driveway, Garage Door Opener, Insulated, Tandem
- Parking Places:
- 3.0
- Parking Total/Covered:
- 3 / -
- Laundry Features:
- In Unit
- Condo Fee Frequency:
- Monthly
- Ests On The Ravine
- Silver Springs (Calgary)
- Visitor Parking
- Dishwasher, Dryer, Electric Stove, Freezer, Refrigerator, Washer, Window Coverings
- Freezer, Central Air Conditioner
- Pet Restrictions or Board approval Required
- Restrictions
- Floor
- Type
- Size
- Other
- Main Floor
- Foyer
- 14'3" × 6'6"
- 2nd Floor
- Bedroom
- 13'4" × 10'5"
- 3rd Floor
- Dining Room
- 10'1" × 5'11"
- 3rd Floor
- Kitchen
- 11'2" × 10'3"
- 3rd Floor
- Living Room
- 20' × 14'5"
- 4th Floor
- Bedroom - Primary
- 15'6" × 13'6"
- Floor
- Ensuite
- Pieces
- Other
- 2nd Floor
- No
- 4
- 6'9" x 10'5"
- 4th Floor
- Yes
- 4
- 7'5" x 9'1"
- Title to Land:
- Fee Simple
- Community Features:
- Gated, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
- Interior Features:
- Central Vacuum, Closet Organizers, Granite Counters, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Vaulted Ceiling(s), Vinyl Windows
- Exterior Features:
- Balcony, BBQ gas line
- Patio And Porch Features:
- Deck, Patio
- Lot Features:
- Landscaped, Street Lighting
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Calgary
- Zone:
- CAL Zone NW
- Zoning:
- M-C1
- Listed Date:
- Dec 20, 2024
- Days on Mkt:
- Signup
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3D Tour
- Listings on market:
- 3,535
- Avg list price:
- $574,900
- Min list price:
- $145,000
- Max list price:
- $13,888,000
- Avg days on market:
- 45
- Min days on market:
- 1
- Max days on market:
- 514
- Avg price per sq.ft.:
- $437.71
- CODY BATTERSHILL
- RE/MAX HOUSE OF REAL ESTATE
- 1 (403) 370-4008
- [email protected]
Why Buy an Investment Property in Calgary?
- Generate a second source of stable income by renting out the property or turning it into an Air BnB, creating more financial freedom and / or stability
- Build equity and wealth which will grant you more leverage to buy more properties and increase cash flow even more
- Appreciation can help you turn a profit when it’s time to sell
Calgary Multi-Family Investment Properties
Investors often look towards condos and townhomes when browsing for real estate investment opportunities in Calgary. Multi-family properties have much lower maintenance than their single-family counterparts and are more affordable on a comparative basis which means less expenses on things like property tax, landscaping and other associated costs.
One-bedroom condos in Calgary’s city centre with around 500 square feet starting at $1,200 is not uncommon to see. Two-bedroom units usually range from $1,700 and up, although these actual figures vary depending on a number of factors such as building age, community, and square footage.
Find many condo investment opportunities in these popular areas of downtown and the inner city:
- East Village Condos for Sale
- Kensington Condos for Sale
- Eau Claire Condos for Sale
- Downtown Condos for Sale
- Downtown West End Condos for Sale
Townhomes also present an excellent investment opportunity. Suburban units in communities like Evanston, Legacy and Saddle Ridge, for example, offer large square footage and in some cases double-attached garages. These rental properties can command a starting price anywhere from the $1,600 to $1,800 range depending on the features and location of the home.
Inner city townhomes also present a great opportunity for investors as they are in higher demand and command a higher rental price, but the initial capital investment will be larger versus a suburban unit:
Suburban multi-family units are also a sound investment with a much lower initial cost, but also will command a lower rent than their inner city counterparts. Discuss your real estate goals with an experienced Realtor® who will be able to help you make the best decision for your wants and needs as an investor.
Considerations Before Investing in a Rental Property
#1 – Neighbourhood
The community you decide to buy in will determine the type of tenants you attract and the monthly rent you can charge. Buying a property in Calgary near a post-secondary institution, for example, will attract students looking for more affordable prices. A residence in the inner city near a train station would likely attract urban professionals working in the city centre who have more cash flow.
#2 – Walkability
Investment properties in the city centre of Calgary offer much more walkability than similar units in a suburban community. Being able to walk to a restaurant down the street rather than jumping in the car and driving for several minutes adds value to any rental property and will help you command a larger rent.
#3 – Amenities
Once again, amenities relate to the location of your investment property in Calgary. A unit with quick-and-easy access to recreation centres, outdoor parks, public transportation, shopping malls, river pathways and other major amenities will provide the opportunity to ask for a higher rent per month.
#4 – Property Taxes
Investing in Calgary real estate means you’ll have property tax to pay. Just how much is the average annual cost for this in your area, and does the cost make it not a feasible property to buy from a financial standpoint? Consider taxes before making any moves!
#5 – Vacancies and Units Available
Investing in real estate in a saturated market will require you to lower rent to attract tenants. The whole purpose of a second income is to maximize its potential, so consider doing some research on the number of units available within a certain area of the city before buying a property as an investment.
Contact an Investment Property Specialist
Thinking about investing in Calgary real estate? As highly experienced Realtors® in Calgary, we’ve helped many locals and foreigners alike navigate the investment property market and would love to put our knowledge and skillset to work for you.
Contact Cody and Jordan direct anytime at 403.370.4008 to discuss your real estate plans! Get a 100% Free, No-Obligation Evaluation for your property in Calgary today!
We are looking forward to helping you accomplish your real estate goals!
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