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Karla Linares

hello@karlalinares.ca +1(403) 966-7705

$ 1,075,000

Est. payment -/mo

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919 32 AVE Northwest Calgary, AB T2K 0B1

5,188 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Cambrian Heights

MLS® Listing ID A2227499

Year Built 1958

Lot Size 5,188 Sqft

Acres 0.12

Property Sub-Type Multi Family

Property Description

This well maintained and upgraded legal 4-plex investment property is strategically located in the desirable Neighbourhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with mult-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing cohesive community atmosphere. The property consists of 4 units, 2 -two bedroom units on the main floor and 2 large one bedroom units on the lower level. These units could possibly be converted to two bedrooms as the large bedrooms have closets on each side of the room. Each suite equipped with essential amenities such as shared laundry on each side of the complex, updated modern white kitchens and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants from young professionals to small families. The exterior of the building boasts a low maintenance facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes. Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks. This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-CG d84

Interior

Heating Floor Furnace, Forced Air, Natural Gas, See Remarks

Cooling None

Inclusions 4 Refrigerators, 4 Electric Stoves, 2 Dishwashers, 2 Washers, 2 Dryers, All Blinds, 2 Storage Sheds

Exterior

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Lot Description Back Lane, City Lot, Landscaped, Low Maintenance Landscape, Near Public Transit

Dwelling Type Duplex

Foundation Poured Concrete

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 101317484

Listed by RE/MAX House of Real Estate

Karla Linares

REALTOR

+1(403) 966-7705

Karla Linares

919 32 AVE Northwest Calgary, AB T2K 0B1

Key Details

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Interior

Exterior

Building

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919 32 AVE Northwest