Attention Investors! With a lucrative 7.8% CAP Rate, seize this prime opportunity to benefit from an updated and fully rented 4-plex. Alternatively, generate rental income while awaiting permits for your development plans. Nestled in the highly desirable Bankview area adjacent to Buckmaster Park, this property offers easy access to Calgary's vibrant Beltline entertainment and arts district. Boasting a monthly Gross Income of $7,555.00, all tenants have been meticulously vetted within the past year and have signed leases where the utilities are paid by the tenants. The building comprises 5 units, with 4 compliant with city regulations, including a top-floor 2-bedroom unit, a 1-bedroom unit, and a bachelor unit on the main floor, as well as rear walk-out 1-bedroom units. Engineered for low maintenance, the property features a roof replacement approximately 8 years ago, all copper wiring, absence of poly-b plumbing, and furnace-forced air heating in all units. Comprehensive documentation such as RPR, sewer and electrical inspections, proforma, floor plan, and 3D tour are available for review. Elevate your investment portfolio today with this exceptional opportunity!
Data was last updated June 24, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,260,000
Min list price:
$265,000
Max list price:
$4,199,999
Avg days on market:
21
Min days on market:
2
Max days on market:
152
Avg price per sq.ft.:
$585.97
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™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.