Exceptional Multi-Family Investment with High Rental Income Potential
This spacious 3,786 sqft multi-family property presents a rare investment opportunity. Originally a 4-plex, it has been transformed into an up-and-down triplex, maximizing rental income. Zoned M-C1, one of only four such lots in the community, this property offers both strong rental yields and future redevelopment potential.
High-Return Investment: Capitalization Rate of Approx. 6%-8.6%
With a projected net rental income of $7,000/month (long-term) or $10,000/month (short-term), this property delivers a strong return on investment. Perfect for Short-Term Rentals or a Daycare Business
Short-Term Rental Ready: The upper level was professionally renovated for Airbnb operations, featuring an inviting open-concept kitchen with a large island—perfect for hosting guests. The main floor boasts three spacious bedrooms, each with a private ensuite, ensuring privacy and comfort.
Daycare Business Potential: With multiple bathrooms, a secure automatic sliding rear door, and a large parking pad, this property is ideal for a childcare facility. Additional storage and outdoor space further enhance functionality.
Versatile Layout & Unique Features
The basement level includes separate entrances, allowing for flexible rental arrangements:
4 bedrooms, 2 kitchens, and 2 bathrooms
Independent access from both ends of the house
Multiple utility installations for efficiency
Additional Highlights
? 7 bedrooms & 5 full bathrooms?? 4 furnaces, 4 water tanks & 4 electric meters?? 3 kitchens & 2 laundry rooms?? Commercial air conditioning for optimal comfort?? Large parking pad (fits up to 4 cars, plus RV/boat space)
With its strong rental cash flow, rare zoning, and flexibility for multiple business models, this property is a high-performing investment in a sought-after community.
Property Type:
Multi-Family
Property Sub Type:
Triplex
Transaction Type:
For Sale
Home Style:
Bi-Level, Up/Down
Total Living Area:
2,104.34 sq. ft.195 m2
Lot Area:
6,006 sq. ft.558 m2
Levels:
Bi-Level
Year built:
1957
(Age: 68)
Bathrooms:
-
(Full:-, Half:-)
Plan:
907GS
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Furnished:
Furnished
Construction Material:
Wood Frame
Structure Type:
Triplex
Roof:
Rolled/Hot Mop
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
4
Fireplace Details:
Wood Burning
Garage:
0
Parking:
Parking Pad, RV Access/Parking
Parking Places:
5
Parking Total/Covered:
5 /
-
Laundry Features:
In Unit
Banff Trail
Dryer, Microwave, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
N/A
None Known
Title to Land:
Fee Simple
Community Features:
Golf, Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Exterior Features:
Other
Lot Features:
City Lot, Landscaped, Level, Low Maintenance Landscape, Rectangular Lot, See Remarks
Listed by Top Producer Realty and Property Management
Data was last updated February 22, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,390,000
Min list price:
$899,999
Max list price:
$3,200,000
Avg days on market:
16
Min days on market:
1
Max days on market:
81
Avg price per sq.ft.:
$571.68
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.