$1,755,000
$1,849,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
4,676 SqFt
SOLD DATE : 02/29/2024
Key Details
Sold Price $1,755,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,676 sqft
Price per Sqft $375
Subdivision Windsor Park
MLS® Listing ID A2100191
Sold Date 02/29/24
Style 2 Storey
Originating Board Calgary
Year Built 2004
Annual Tax Amount $7,491
Tax Year 2023
Lot Size 6,006 Sqft
Acres 0.14
Property Description
Step into the heart of Calgary with this impeccably maintained 4Plex, an incredible investment opportunity tailored for those bullish on the thriving Calgary market. Revel in a robust CAP Rate of over 5.25% with potential annual rental income exceeding $110k. Unlock additional potential of this property by exploring the possibility of condominiumization, an avenue to instantly elevate the property’s overall value. Discover the charm of each unit, crafted as an upright 2-storey home with a seamless open-concept living room and kitchen, two master bedrooms boasting their own ensuites, and a fully finished basement. Enjoy the flexibility offered by separate heating systems and electrical meters for each unit allowing for customizable utility payment structures. A parking pad at the rear ensures each unit has a designated spot, with an additional spot for visitors. Street parking in the front adds to the accessibility and convenience. Situated mere steps from Chinook Centre, Calgary's premier mall, and a short stroll to the Chinook train station, this property also offers swift access to the Macleod Trail corridor. Whether you are a seasoned investor or a newcomer to the real estate investors market, seize the opportunity to add to your portfolio with this well-maintained 4-Plex, capturing both cash flow and capital growth potential. Invest with confidence and make a smart move by scheduling a viewing to witness firsthand the investment appeal of this remarkable property!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning DC (pre 1P2007)
Rooms
Basement Finished, Full
Interior
Heating Fireplace(s), Forced Air, Natural Gas
Flooring Carpet, Laminate
Fireplaces Number 3
Fireplaces Type Basement, Electric, Living Room
Appliance See Remarks
Exterior
Garage Alley Access, Concrete Driveway, Parking Pad, Side By Side
Garage Description Alley Access, Concrete Driveway, Parking Pad, Side By Side
Fence Fenced
Community Features Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Front Porch, Rear Porch
Lot Frontage 50.0
Total Parking Spaces 5
Building
Lot Description Back Lane, Near Shopping Center, Rectangular Lot
Story 2
Foundation Poured Concrete
Architectural Style 2 Storey
Level or Stories Two
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 82809155
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Agent | License ID: LDKATOCAN