Updated Inner-City Income Property with 6% Cap Rate and Strong Rental Demand
This is an excellent opportunity to own an updated duplex on a 50’ x 120’ corner lot in the highly desirable community of Killarney. The property has received many recent updates including modernized kitchens and bathrooms, making it a low-maintenance and easy-to-rent investment in a prime location. Each side offers two bedrooms on the main floor and two in the basement, with an attached double garage, an additional parking pad, and plenty of street parking. The home’s south-facing front exposure ensures bright, sunny living spaces that tenants love. Suites for basement are illiegal suites.
With strong rental income already in place and excellent long-term potential, this property offers investors immediate returns in one of Calgary’s most sought-after inner-city neighborhoods. Investment Appeal. Live in one unit and rent the other. Hold as a cash-flowing rental property and hold for future Redevelop for future multifamily.
Data was last updated September 28, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$1,924,000
Min list price:
$865,000
Max list price:
$13,800,000
Avg days on market:
68
Min days on market:
6
Max days on market:
157
Avg price per sq.ft.:
$589.2
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.