$1,099,800
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1,864 SqFt
SOLD DATE : 11/21/2024
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,864 sqft
Price per Sqft $602
Subdivision Banff Trail
MLS® Listing ID A2176903
Style Bi-Level,Side by Side
Year Built 1962
Annual Tax Amount $5,581
Tax Year 2024
Lot Size 7,793 Sqft
Property Description
Prime Investment Opportunity! Excellent legal 4-plex with a prime Banff Trail Location, directly across from West Confederation Park and near the University of Calgary, SAIT, and Lions Park LRT Station. Purpose-built as a 4-plex, this property boasts spacious, well-designed units with desirable amenities. The two upper units, each around 930 sq. ft., feature two sizable bedrooms (one with a walk-in closet), a 4-piece bathroom, a generous kitchen, and an inviting living-dining area complete with a cozy fireplace. Each unit includes a private laundry room for tenant convenience. The two lower units, spanning 869 and 874 sq. ft., are similarly configured, with slight variations such as standard closets and utility rooms, offering 2 bedrooms, a 4-piece bath, and a comfortable living-dining space, also featuring a fireplace and private laundry facilities. All units benefit from recent furnace upgrades (circa 2013) and come with an energized parking stall at the rear of the property. Additionally, a detached triple garage provides further income potential, offering flexibility for tenant storage or extra rental income. With rents currently below market value, this property offers excellent potential for increased revenue. Long-term tenants occupy the property, 2811 side are on month-to-month leases, 2815 side have leases till the end of March 2025. This is an exceptional opportunity to secure a high-demand, low-vacancy property in a prime location with promising returns.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-CG
Interior
Heating Forced Air, Natural Gas, See Remarks
Flooring Hardwood, Laminate, Tile
Fireplaces Number 4
Fireplaces Type Brick Facing, Living Room, Wood Burning
Exterior
Garage Additional Parking, Stall, Triple Garage Detached
Garage Spaces 3.0
Garage Description Additional Parking, Stall, Triple Garage Detached
Fence None
Community Features Golf, Shopping Nearby
Utilities Available Cable at Lot Line, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available
Roof Type Asphalt Shingle
Building
Lot Description Back Lane, Corner Lot, Lawn, Near Shopping Center, Near Golf Course, Near Public Transit
Foundation Poured Concrete
Sewer Public Sewer
Water Public
Structure Type Wood Frame
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