Northeast sector · CMHC Northeast zone · 2026 roll
Monterey Park, Calgary: home values, suites and rental numbers
Monterey Park (Northeast sector) has a 2026 median detached assessment of $590,500, above 12% of Calgary communities. At an estimated $2,400 local house rent, its median house runs $1,098 short a month with 20% down; break-even is $3,692. A 1-bedroom suite here would rent near $1,501 (CMHC Northeast zone).
What stands out in Monterey Park?
- Detached values fell 0.2% between the 2025 and 2026 rolls ($591,500 → $590,500), against a typical +2.4% across Calgary communities.
- 36 suites were registered here in 2023–2025 (9, 17, 10), and 11 more in 2026 to the end of October.
- A 1990s housing stock: the median detached house dates from 1994, older than in 44% of communities.
- Median lot 4,304 sq ft, 18% smaller than the 5,256 sq ft typical community.
- 4.5 registered suites per 100 houses (city 9.3); #92 of 214 for suites added in the last 12 months.
The median completed detached house here ($590,500), 20% down at 4.58%, rented at Monterey Park's estimated house rent.
| Price / down payment | $590,500 / $118,100 |
|---|---|
| House rent (3+ bed) | $2,400StatCan $2,470 × Northeast zone index 0.97 |
| Mortgage | $2,636 |
| Vacancy and operating costs | −$862incl. $3,927/yr 2026 tax |
| NOI · cap rate | $1,538 · 3.13% |
| With a legal suite: upper $1,920 + suite $1,501 | −$350 a monthcap 4.64%; $120 suite costs |
| Cash flow, single unit | −$1,098 a monthDSCR 0.58 |
The suite case assumes the upper floor rents as a 2-bedroom house and the suite at the Northeast zone's CMHC 1-bedroom average; a suited house usually costs more to buy, so enter the real price. Open the suite version.
What do rentals rent for around Monterey Park?
| Unit | Northeast zone |
|---|---|
| 1-bedroom apartment | $1,501 |
| 2-bedroom apartment | $1,762 |
| 3+ bedroom townhouse | $2,036 |
| Apartment vacancy | 5.3% |
Adapted from Canada Mortgage and Housing Corporation, Rental Market Survey, Calgary CMA, October 2025; not an endorsement by CMHC. House rents are our zone-scaled estimate (method).
How did Monterey Park's values and tax change from 2025 to 2026?
| Home type | Homes | 2025 | 2026 | Tax 2025 → 2026 | Cap rate |
|---|---|---|---|---|---|
| Detached | 2,475 | $591,500 | $590,500 | $3,656 → $3,927 | 3.13% |
| Semi / duplex | 22 | $429,500 | $439,250 | $2,654 → $2,921 | 4.43% |
| Townhouse | 76 | $375,250 | $399,750 | $2,319 → $2,658 | 3.48% |
| Apartment condo | 157 | $255,500 | $268,500 | $1,579 → $1,785 | 3.99% |
What this means if you're investing in Monterey Park
- It needs $3,692 to break even, $1,292 over the estimated local house rent; check Monterey Park listings before assuming more.
- Even suited it runs $350 short; the price, down payment or rate has to change. 111 registered suites show the layouts allow them.
- Best yield here at local rents: the apartment condo ($268,500, 3.99% cap rate).
- Tax on the median house went from $3,656 to $3,927 a year.
Which Northeast communities are priced like Monterey Park?
| Community | Detached median | Break-even rent | Suites (12 mo) |
|---|---|---|---|
| Monterey Park | $590,500 | $3,692 | 111 (12) |
| Taradale | $595,500 | $3,721 | 432 (40) |
| Vista Heights | $573,000 | $3,588 | 18 (3) |
| Mayland Heights | $611,500 | $3,816 | 113 (10) |
Sources: City of Calgary open data (2026 and 2025 assessment rolls, suite registry; Open Government Licence – City of Calgary), Statistics Canada, CMHC. Medians are our calculation; see the methodology. Back to the Northeast sector or all communities; buying to live here? CalgaryMortgageCalculator.ca.