Income Property in Calgary | Under $500,000 | Legal Basement with Cash Flow Opportunities

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Income Property in Calgary | Under $500,000 | Legal Basement with Cash Flow Opportunities

Рет қаралды 7,974

Күн бұрын

IMPORTANT! Are you from Ontario and thinking about investing in the Calgary Real Estate Boom?! Felix and Jaz will be in Markham, ON on Aug 22 for an in-person workshop! Register for this free event now before it fills up! liveinnercityr...
What constitutes the best properties for investment in Calgary? Or in Canada?
Are you in the Calgary real estate market looking to buy your first home? Or maybe you're moving up from your condo or townhome and want to own real estate in Calgary? Perhaps you're looking for a property that can also serve as a real estate investment or income property in Calgary?
People are always looking for a way to boost their income or have a second income stream. Investing in Real Estate properties like this half duplex with a Legal Basement Suite is a good start towards turning a home into an income property or rental property.
Suppose you're looking for a real estate investment in Calgary that provides a net positive cash flow per month. In that case, you may be thinking between buying a resale property or a new build from reputable Calgary builders. If it's a resale, then you may feel like the Calgary real estate market is hot.
Today, the LiveInnerCity Real Estate Team presents an example of a new build investment property from a reputable builder, Truman Homes. These new builds are geared towards being a great income property which is good if you want to invest in Calgary. These are turnkey half-duplex properties with a double detached garage and a legal basement suite.
Legal basement suites provide a valuable source of rental income which can help you secure and pay for your mortgage. It also provides the added benefit of having a second source of income and increasing the home's value as an investment or rental property in Calgary. The income you can get from legal basement suites can go a long way in helping you achieve your financial and investment objectives.
In this video, Felix Chan and Jasben Lai, two of the top Calgary Realtors who have helped many investors buy income properties in Calgary, will give you a tour of this new and exciting revenue property in Calgary. Their previous tour showcased a finished and staged $460,000 Calgary Investment Property located in the city's north side.
You get to see this highly desirable investment property on this tour. As an investor, it's essential to see what your investment looks like. With this new build, it is turnkey; there is nothing you have to do except move in or start looking for tenants, which shouldn't be a problem considering the location and what the home offers.
Felix Chan and Jasben Lai (Calgary Realtors) explains the problems a new build like this solves compared to buying a resale property. You will generate more positive cash flow, have fewer headaches, and the income property will be compliant with the city of Calgary.
Don't miss out on the potential real estate cash flow on this Calgary real estate investment! Contact us to find out more about these investment properties in Calgary  bit.ly/ContactL...
This is LiveInnerCity's Real Estate Income Property in Calgary Tour with a Legal Basement Suite - What Under $500,000 can get you!
Time Stamp:
00:00 - Introduction to Investment Property in Calgary
01:02 - Resale vs. New Build
02:01 - Benefits of a Newly Built Income Property - Sound Dampening
05:05 - Legal Basement Suite in a Rental/Income Property in Calgary
05:52 - Buying Now or Waiting a Newly Built - Pros and Cons, Risks
07:20 - Summary of Resale vs New Build
08:23 - Start of Half-Duplex with Legal Basement Tour
08:47 - Entrance
09:11 - Living Room
09:22 - Kitchen with upgraded appliances
10:18 - Dining Room
11:41 - Second Floor and Bonus Room
12:12 - Master Bedroom with Huge Windows
12:47 - Master Ensuite
13:45 - Laundry Room
14:07 - Second and Third Bedroom
15:00 - Entrance to the Legal Basement Suite
15:48 - Huge Basement Suite Kitchen
17:02 - Basement Bedroom
17:29 - Full Bathroom
19:45 - Who is this investment property for?
21:05 - Who will buy this in the future?
22:16 - Applications
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Пікірлер: 41

@LiveInnerCity 18 сағат бұрын

@raymondvillarasa3981 2 жыл бұрын

U guys are great! Keep it up! Im from montreal thinking of moving out there in the spring.... we will see!!!

@LiveInnerCity 2 жыл бұрын

Amazing Raymond! Lots of great things happening in Calgary and much more affordable real estate too! Feel free to connect with us if you've decided to move out here!

@chinoyadventures8837 2 жыл бұрын

Nice. I subscribed to your youtube so I can check out Calgary real estates. I live in Markham Ontario and thinking of moving to Calgary in the near future to purchase some rental properties like these. Just doing some research how cold is Calgary's winter and what neighborhood is best in Calgary (NE, NW, SE or SW).

@LiveInnerCity 2 жыл бұрын

That's amazing Lawrence! We can likely have a chat about that and maybe give you an insight into Calgary life. If you'd like to know more about these neighbourhoods just sent us an email!

@chinoyadventures8837 2 жыл бұрын

@@LiveInnerCity I just signed up to your liveinnercity link. I am checking out NW area of Calgary. I will contact you if I have the chance to visit Calgary next year. Thanks.

@misslou16 2 жыл бұрын

Which communities sell new homes with a basement apartment? I’ve watched a couple of your videos touring these homes. Interested in learning more. I’ll be in Calgary next week, on Feb 17, 20-21... but I plan to be back for longer in the spring. Will be on vacation in Banff next week & it’s going to be a look see how winter is in Calgary. What communities do you suggest I check out with model homes on our drive put to Banff. Look forward to your insight & thoughts.

@LiveInnerCity 2 жыл бұрын

Hi @Miss - there are only a handful of communities where these are available and the pricing for a half duplex is $650,000 plus. Some builders are limiting how many properties they can sell to investors and some have stopped selling them completely - at least for now. That said, given the tight limitations, we reserve this information exclusively for our clients. If you are interested in becoming a client give us a shout!

@jenniferogu6920 Жыл бұрын

What community is this property located in?

@LiveInnerCity Жыл бұрын

Hi there are a few communities these are in but are now selling for around $600k. If you are interested please contact us

@You.Are.My.Star.Soultree. 2 жыл бұрын

Hi, I would like to know where this property is located and can I book a showing as well? Actually I am in Vancouver now but I will be in Calgary two weeks later. If possible I would like to see this one if available still. Thank you. Christine

@LiveInnerCity 2 жыл бұрын

Hey Christine! Sounds awesome. Will you just be visiting? Please send me an email at hello@liveinnercity.com or contact us through this link contact.liveinnercity.com/message so that we can help you out on this. Looking forward to hearing from you!

@syedmusa6411 3 жыл бұрын

Great videos guys i just bought new development in chestermere it will be ready next year it has undeveloped basement how much does it cost if i want to make a basement or do you think builder can do it?

@LiveInnerCity 3 жыл бұрын

Hi Syed! Well done and congratulations on your newest purchase. Could you please email us the details of your development at hello@liveinnercity.com We also have a video on the costs of legalizing a basement suite which might give you an idea of how to do it. Video is here if you're interested: kzfaq.info/get/bejne/kKmGot11qKzRfIU.html

@DarrenLangille 3 жыл бұрын

Great work again guys

@LiveInnerCity 3 жыл бұрын

Thanks for watching, Darren! Appreciate the support 😁

@domingocortez2980 2 жыл бұрын

Do you need to have 5% down payment before thinking about get pre approved

@LiveInnerCity 2 жыл бұрын

Hey @Domingo - the answer is no but you would need the 5% down payment before you buy, lenders want to see you have a 90 day history for your down payment unless it is being gifted to you. If you are buying a income property, you need 20% down. Everyone's situation is different so instead of GUESSING what you may need, it's best to KNOW what you need - give us a shout if you want to be certain about your situation 😀

@audoislavemariner 2 жыл бұрын

Hi I am interested for something like this

@LiveInnerCity 2 жыл бұрын

Great! Please give us a shout and we can provide more information. We will be releasing an updated video like this within the next few weeks. Hello@liveinnercity.com

@konstantinshapiro4968 3 жыл бұрын

Excellent video guys. I am interested in getting details about this investment

@LiveInnerCity 3 жыл бұрын

Hey Konstantin! We are happy to hear from you. Let's chat via email so we can help you get all the details you need for this investment. Our email is hello@liveinnercity.com Looking forward to hearing from you! By the way, please consider giving this video a like if you found this tour valuable so we can keep coming out with tours on investment properties just like this one. Thank you, my friend!

@jaiwinjoy2243 3 жыл бұрын

Well done guys

@LiveInnerCity 3 жыл бұрын

Thank you, Jaiwin! What was your favourite part of the tour?

@user-nj7mu7cp4q 3 ай бұрын

What is the cap rate for this investment?

@LiveInnerCity 2 ай бұрын

Hey Family Kim! This does not exist anymore at this price, this exact home will sell for about $650k for a half duplex and around $720k for a detached home. Rents are higher though, around $2400 up and $1300 down. If you are interested in learning more about investing in Calgary, please contact us at hello@liveinnercity.com and let us know you found us on YT!

@michaelhu706 3 жыл бұрын

Hi Guys: Does the legal suite have its own washer and dryer?

@LiveInnerCity 3 жыл бұрын

Hey Michael. Thanks for dropping by in our video. To answer your question, Absolutely! It is a completely separate unit and the upstairs and downstairs people will never need to share anything. Want to schedule a quick 5-minute call about it?

@liveinnercity1388 3 жыл бұрын

T:h:a:n:k:s f:o:r w:a:t:c:h:i:n:g:! T:e:x:t: m:e o:n W:h:a:t:s:a:p:p➡️+1:2:2:5 7:2:6:6:4:1:2 I :h:a:v:e s:o:m:e:t:h:i:n:g p:r:o:f:i:t:a:b:l:e f:o:r y:o:u.!.......

@tashideleg1 2 жыл бұрын

Can you give the exact location of this property.

@LiveInnerCity 2 жыл бұрын

Hi Tashi! Please send me an email at hello@liveinnercity.com Let me know you came from KZfaq please. Thanks!

@saint474747 2 жыл бұрын

Hey guys, awesome channel. Is it difficult to find duplexes with both units available?

@LiveInnerCity 2 жыл бұрын

@Jeff, not necessarily. It depends which duplexes. For the ones in this video the short answer is yes. Lot availability is in low supply and high demand but it can still be done. For resale there are several at the moment for sale. If you like, please send us an email and hello@liveinnercity.com and we can help you further!

@saint474747 2 жыл бұрын

@@LiveInnerCity Thanks for the info. I'm looking to move to Calgary in three years. I'll definitely send you and email then

@sanjivraj9160 3 жыл бұрын

Hi,is this similar investment listing still available,can you please share the details or share your contact so that we can connect.Thanks!

@LiveInnerCity 3 жыл бұрын

Hey Sanjiv! Please email us at hello@liveinnercity.com to get more details about income properties just like this one! Thanks. If you found our video valuable, please consider subscribing so you won't miss the next income property tour!