Real estate investments can earn you thousands of dollars within a short period of time, but you need to stand out from the crowd and pick up the cherries. Each week, I am going to present to you one personal tip on an excellent real estate investment opportunity on the Calgary real estate market.
This week, I chose a discreet bungalow at 139 Silver Springs Dr NW. A closer look at the details should increase the heartbeat of each residential real estate investor. Compared to similar properties from the Silver Springs area, it’s priced $40-50k below market, with an asking price of $369,900. Its 1525 sqft floor plan turns out to be considerably above the average, which is usually around 1200sqft for comparable properties in this area.
Besides its more than interesting price, this property has great potential for a secondary suite, which opens a range of investment options: you can rent the secondary suite and subsidize your mortgage payments, or you can rent two separate units. With a good mortgage in your hand, you can end up with positive cashflow!