$1,425,000
$1,399,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
6 Baths
2,414 SqFt
SOLD DATE : 01/30/2024
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,414 sqft
Price per Sqft $590
Subdivision Richmond
MLS® Listing ID A2085647
Sold Date 01/30/24
Style 2 Storey,Side by Side
Bedrooms 10
Full Baths 6
Originating Board Calgary
Year Built 1956
Annual Tax Amount $5,484
Tax Year 2023
Lot Size 6,243 Sqft
Acres 0.14
Property Description
INVESTOR ALERT!!! This newly renovated, turnkey, 4 unit (3 legal) full duplex in the heart of Richmond, affectionately known by locals as Marda Loop is an exceptional investment opportunity for the savvy investor, or for someone looking to start their real estate portfolio. With the anticipated gross rental income of $8,850 a month it gives this property a 6.43% cap rate, a very attractive return on investment.
No expense was spared during this fully permitted, complete renovation - all new triple pane windows, 3 new furnaces, 2 new hot water tanks, 6.5mm luxury vinyl plank flooring throughout, complete new kitchens, new bathrooms, in-unit laundry in all 4 units, topped up attic insulation, and a freshly landscaped property - the list goes on and on. Location matters - Richmond/ Marda Loop is a proven neighbourhood that continues to remain vibrant, and on trend. Richmond is a desirable location for a rental property based on popularity amongst students, young working professionals and families. Walking distance to restaurants, boutiques, everyday shopping and only a quick drive into downtown. This 4 unit (3 legal, 1 illegal) garden walk-out duplex plus large double garage is perfectly situated. It’s your time to capitalize on the thriving rental market in a neighbourhood that promises success!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-C2
Direction S
Rooms
Basement Separate/Exterior Entry, Finished, Suite, Walk-Out To Grade
Interior
Interior Features Quartz Counters, Vinyl Windows
Heating Forced Air, Natural Gas
Cooling Rough-In
Flooring Vinyl
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Dishwasher, Garage Control(s), Microwave, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Laundry In Unit
Exterior
Garage Double Garage Detached, Parking Pad
Garage Spaces 2.0
Garage Description Double Garage Detached, Parking Pad
Fence Partial
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Awning(s), Balcony(s), Deck, Patio
Lot Frontage 50.1
Exposure S
Total Parking Spaces 4
Building
Lot Description Back Lane, Low Maintenance Landscape, Landscaped
Foundation Poured Concrete
Architectural Style 2 Storey, Side by Side
Level or Stories Two
Structure Type Concrete,Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 83237995
Ownership Private
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