JN REAL ESTATE GROUP

PROFIT OR PASS · № 1 · AUG 9, 2026

RENTAL · 20% DOWN

Profit4.0out of 5

Profit at $595k — the two rents already carry it, with room to spare.

Penbrooke Meadows · Detached, bungalow, legal suite

Front exterior of the bungalow in daylight, showing the covered entry, picture window, and front lawn
Front exterior of the bungalow at dusk with interior lights on
Main-floor living room with a gas fireplace, wall-mounted TV, and a desk area
Main-floor living room fireplace wall, with a pass-through opening to the kitchen
Beds5
Baths2
Sqft1,009
Built1971
Ask$595,000

Monthly cash flow

Main floor renta+$2,000
Legal suite rentb+$1,350
Mortgagee−$2,304
Property taxc−$302
Insurance + maintenanced−$250
Net / month+$494

Sources

a
RentFaster.ca Penbrooke Meadows community rental baseline, anchored to our on-property condition read. We hold no private rental comp database; our assessment is that the upper floor should achieve approximately $2,000/month.
b
RentFaster.ca Penbrooke Meadows community rental baseline, anchored to our condition read. Our assessment is that the clean legal basement suite should achieve approximately $1,350/month.
c
MLS record — annual property taxes $3,627 for the 2026 tax year.
d
Our operating allowance, not an insurance quote. Actual costs vary by carrier and maintenance requirements; $250/month is the working allowance used for this property.
e
Discounted 5-year fixed rates currently available through our mortgage broker partners; 4.15% is our working rate for this issue. The Bank of Canada posted conventional 5-year rate the same week was 6.09%.
f
Conservative $0 appreciation scenario used for a cash-flow-first read of the deal. This is not a forecast of Calgary price movement.

Why it works

  • The legal secondary suite is already in place, removing the cost and execution risk of creating and legalizing a suite after purchase.
  • Penbrooke Meadows has straightforward access to major routes and transit, with a rental profile that supports this type of two-unit property.
  • The property has strong underlying utility: a large lot and an oversized 28x28 garage. We estimate the garage could generate roughly another $500/month if rented separately.
  • There is no immediate need to renovate. The property can be rented in its current condition, with improvements made later to support higher rents or improve resale value.

What to watch

  • The cash flow above assumes a discounted 4.15% broker-channel rate — the posted conventional 5-year rate the same week was 6.09%. A buyer without access to that discounted rate should re-run the numbers before counting on this cash flow.
  • The listing advertises approximate combined income from the main floor, basement suite, and heated garage. That is seller-provided marketing, not an independent rent comp, and should not be underwritten without confirming achievable rents.
  • The appliances, finishes, and furnace are dated. They appear functional today, but an investor should still carry a future capital allowance for updates and replacement.

Year one, honestly

Mortgage paydown+$8,217
Cash flow+$5,924
Appreciation — scenario, assumptionf$0 · 0.0%
Total first-year return+$14,141 · +11.9% of cash invested

A scenario, not a forecast. Appreciation is a labelled assumption. Confirm financing figures with your mortgage broker before acting.

What if — try the deal yourself

Down payment$119,000
Mortgage / month$2,304
Net / month+$494
Talk to us about running a real deal →

Automated estimate using this issue's scenario, not financial advice or a financing quote. Expenses other than the mortgage remain fixed at this issue's sourced assumptions. Confirm financing with your mortgage broker. This calculator does not replace a property-specific evaluation from us.

Our take

Profit

4.0 out of 5

Profit at $595k on the rents we're prepared to underwrite today. The main floor at roughly $2,000 and the legal suite at $1,350 already leave you about $494 a month positive once it's financed at 20% down over 30 years with a real broker-rate mortgage. The oversized garage is further upside we haven't even counted — a realistic case for another roughly $500 a month if it's rented out separately. Get the purchase price down and the numbers improve again. We wouldn't renovate it immediately either — rent it as-is, improve it later when there is a clear return for doing so, and let the property earn its way into the next decision. The bones are good, and at $595k, the base-case math already works for us to call it a Profit.

Get the next breakdown first

Every two weeks. Real numbers, sourced.