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Key Details
Sold Price $820,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,531 sqft
Price per Sqft $535
Subdivision West Hillhurst
MLS® Listing ID A2003290
Sold Date 10/19/22
Style Apartment,Low-Rise(1-4)
Originating Board Calgary
Year Built 1950
Annual Tax Amount $6,073
Tax Year 2022
Lot Size 6,684 Sqft
Acres 0.15
Property Description
Gross rent of almost 55,000 per year! Annual cashflow over 38,000! Unique opportunity to own a cash-flowing rental property with huge redevelopment opportunity! This 4 unit apartment boasts 3 - 2 bedroom units, 1 - 1 bedroom unit, and shared coin laundry in the furnace/utility room. Tenants are responsible for their own electricity (separate meters), and building provides common heat and hot water. With over 60 feet of frontage, this property just had its zoning changed to M-CG which allows for up to 6 units to be developed in the future. With no vacancy and rents increasing, you can take advantage of the cashflow while you plan out your new development. High efficiency furnace, vinyl windows, and many upgrades to the units throughout the years.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-CG
Rooms
Basement Separate/Exterior Entry, Finished, Full
Interior
Heating Central, High Efficiency, Forced Air, Natural Gas
Flooring Ceramic Tile, Hardwood, Laminate
Furnishings Unfurnished
Appliance Dishwasher, Dryer, Electric Range, Gas Water Heater, Range Hood, Refrigerator, Washer, Window Coverings
Laundry Common Area, In Basement
Exterior
Garage Alley Access, Double Garage Detached, Parking Pad
Garage Spaces 2.0
Garage Description Alley Access, Double Garage Detached, Parking Pad
Roof Type Asphalt
Lot Frontage 62.5
Parking Type Alley Access, Double Garage Detached, Parking Pad
Total Parking Spaces 6
Building
Story 1
Foundation Poured Concrete
Architectural Style Apartment, Low-Rise(1-4)
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 76492759
Ownership Private
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