Attention Investors! Immaculate, updated legal 4-plex ideally located in Cambrian Heights, 1 block to Confederation Park. Current income $60,000/year. Current insurance is $2,756/year. Newer white kitchens and bathrooms in all units! Fully rented, main floor features 2 bedroom suites with hardwood floors. The lower levels are both very large 1 bedrooms. Easy access everywhere! Main floor sq footage is 2037 sq ft.. Meticulously maintained, the property boasts newer white kitchens and bathrooms with ceramic tiling in all units. Updates include 4 furnaces 2007 and shingles replaced in 2011, ensuring the building's efficiency and structural integrity. Hot water tanks were replaced between 5-8 years ago.
Each unit features hardwood floors on the main level, providing a warm and inviting living space. Off-street parking for 4 vehicles is available at the back of the property. The sale includes 4 refrigerators, 4 electric stoves, 2 dishwashers, 2 washers, 2 dryers, and 2 storage sheds. The window coverings owned by the sellers are also included.
The total size of the property is 3,901.85 square feet, with the main level measuring 2,037.72 square feet and the basement 1,864.13 square feet. The 50ft frontage lot offers ample space for outdoor enjoyment. Title and Real Property Reports are available in the supplements on the listing.
Currently, the property generates a monthly income of $5,000,, which is considered low for the area, presenting an opportunity for potential growth. Rents on some other units in comparable properties are higher. Don't miss the chance to own this well-maintained and income-generating property in a desirable location.
Data was last updated October 4, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,187,500
Min list price:
$875,000
Max list price:
$3,200,000
Avg days on market:
31
Min days on market:
10
Max days on market:
152
Avg price per sq.ft.:
$599.57
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.