948 31 Avenue Northwest, Calgary, Alberta T2K0A5

Listing courtesy of Royal LePage Benchmark.

$1,250,000
7
BD
4
BA
1,898
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,250,000
MLS®
A2351440
Days on Market
0
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Bedrooms
7
Bathrooms
4
Living Area
1,898
Lot Size Dimensions
557.00
Lot Size
557
Subdivision
Cambrian Heights

Property Description

Capitalize on a turnkey, revenue-generating INCREDIBLE investment property. This full duplex features 4 fully legal suites that currently collectively generate over $8,000 / month in gross rental income, backed by an exceptional tenant profile & strong leases. Within the last 5 years, the property has undergone nearly $200,000 in comprehensive capital renovations. Major upgrades include two high-end basement legalizations (to make legal suites), updated mechanical systems (3 furnaces & water heater), a newer roof, energy-efficient windows, fresh exterior aesthetics, and optimized outdoor amenities featuring private fenced yards and graded four-car parking. Spanning over 3,300 sq ft across 7 bedrooms and 4 bathrooms, the complex already has excellent tenants in place. Its positioning just one block from Confederation Park & minutes from downtown ensures perpetual high demand and minimal vacancy. With all major heavy lifting completed, this self-managed asset presents a seamless, high-yield expansion opportunity for any real estate portfolio. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
Cambrian Heights
Parking Spaces
4
Construction Materials
Wood frame
Cooling
None
Country
Canada
Flooring
Carpeted, Ceramic Tile, Vinyl
Heating
Forced air
Lot Features
Back lane, PVC window
Architectural Style
Bungalow
Total Number Of Units
2
Stories
1
Lot Size
557

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks