What an excellent opportunity to own revenue generated 4-plex in Bowness! Legally One Title with 4 units.
Wonderful chance to hold and bring in supplemental income with long-term tenants until development plans are completed.
MC-1 Zoning allows you to develop 3-4 story apartment or townhouse buildings.
This well-maintained property consists of 2 upper units (3 Bedrooms) with balconies and 2 lower units (2 Bedrooms) overlooking the park across the street. All units are separately metered, parking in the rear, 3 units with in-suite laundry, and the roof was redone in 2012. The left upper-level unit #7717 (vacant) features a fully renovated kitchen with tile floor, new appliances, new windows, luxury vinyl plank flooring through 3bedrooms & living room. The right upper-level #7719 ( tenant occupied): The windows have been replaced, newly painted, laminated flooring, the tenant pays $1,300 per month including all utilities. Right Lower level unit: 950 sf, long-term tenant pays $900 per month including all utilities. However, you can increase your rent a bit more to generate additional cash flow. When all of the units are rented out, it used to have a cash flow of approximately $4,600/month. It is within walking distance to a local grocery store, gas station, local strip mall, transportation, and minutes to Bowness high school, & Bowness Park. Please note that there are big commercial developments going on nearby the property area.
Data was last updated September 20, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,298,500
Min list price:
$750,000
Max list price:
$4,199,999
Avg days on market:
50
Min days on market:
3
Max days on market:
239
Avg price per sq.ft.:
$594.83
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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