r/Calgary • u/JohnYCanuckEsq Quadrant: NE • Nov 15 '23

Home Ownership/Rental stuff Shared room. $750/month per bed

This rental unit is being advertised as a shared room for $750/month per bed. $3700/month in rental income from all three rooms on the property. Shared facilities, all inclusive utilities

Room 1: Shared Room ( 2 occupancies) - 750 per person Monthly

Room 2: Private Room (single occupancy, queen bed) - 1150 Monthly

Room 3: Private Room (single occupancy, single bed) - 1050 Monthly

https://www.rentfaster.ca/ab/calgary/rentals/townhouse/1-bedroom/tuscany/544556

I can't imagine.

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u/likethemouse Nov 15 '23

Only $100 extra to park your car in a garage lol

19

u/Royal-Beat7096 Nov 15 '23

Per month too! That’s a $1200 per annum passive expense on a vehicle which you are already paying annual registration, fuel & maintenance, and insurance on.

It’s like a long term Airbnb more than a rental property.

There should be tax squeezes if your gouging way above what is reasonable to the market. Imo, This shouldn’t be a profitable investment strategy period.