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Sano Stante

sano@sanostante.com +1(403) 850-2555

$2,190,000

Est. payment - /mo

4,434 Sqft Lot

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision West Hillhurst

MLS® Listing ID A2314809

Year Built 2022

Annual Tax Amount $12,546

Tax Year 2025

Lot Size 4,434 Sqft

Acres 0.1

Property Sub-Type Multi Family

Source Calgary

Property Description

INVESTORS! Unique FIVE-PLEX, excellent rental income! A 3 STOREY TOWNHOME on one side and FOUR LEGAL suites on the other. An exceptional opportunity to own a newly built (2022) purpose-built rental property in the highly desirable community of West Hillhurst. Offering 5 residential units across 4,945 sq. ft. of above-grade living space, this turnkey asset combines strong in-place income with immediate value-add potential. PRICED TO SELL, the property features a luxurious 3 level attached home and FOUR legal income-generating suites. The proforma projects $119,375 in annual gross potential income with a modest 5.4% vacancy allowance, resulting in Year 1 effective rental income of $112,938 and a stabilized NOI of $74,890. Total operating expenses are estimated at just $38,048 annually, representing an efficient 33.7% expense ratio attributable to the property's recent 2022 construction, modern building systems, and energy-efficient design. An immediate value-add opportunity exists through the lease-up of the currently vacant Unit 201 (584 SF). Marketed at $1,750 per month, this suite has the potential to generate approximately $21,000 in additional annual gross revenue. Additional features include four legal suites with private entrances, in-suite laundry, dedicated storage, and secure underground parking, plus a rare six-stall heated underground parking. Ideally located minutes from downtown, Kensington, the Bow River pathway system, Foothills and Children's Hospitals, parks, schools, and countless amenities, this is a premier inner-city investment added to your portfolio.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-C1

Interior

Inclusions The main building consists of the following: 1 A/C unit, 1 Gas stove/Electric, 1 Dishwasher, 1 x Fridge/freezer, W/D, Microwave, and all window coverings. The other 4 units consist of the following: 4 x dishwashers, 4 x electric stoves, 4 x microwaves, 4 x refrigerators, 4 x washers and dryers,

Exterior

Total Parking Spaces 6

Others

Restrictions None Known

Tax ID 101321132

Ownership Private

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Listed by Real Broker

NEARBY SCHOOL & BUSINESS

LET US HELP YOU SELL YOUR HOME

Sano Stante Real Estate Marketing

+1(403) 289-3435

2226 Westmount RD NW Calgary, AB T2N 3N4