Discover a prime investment with this fully renovated M-CG zoned luxury fourplex, perfectly situated in Bankview—just steps from downtown, vibrant 17th Avenue, and parks. The backyard overlooks the beautiful Bankview Community Garden, offering tenants an idyllic setting. Tenants enjoy the convenience of walking to work, with the Sunalta CTrain station, Mount Royal University, the University of Calgary, and Shaganappi Point Golf Course all nearby. Fully renovated in 2016, the property boasts energy-efficient windows, a new roof, updated interior and exterior, modern appliances, and a state-of-the-art glycol heating system that reduces heating costs by 60%. The building includes four spacious 1-bedroom units, each with in-suite laundry, storage, and private entrances. The lower units offer walk-out access, while ample parking accommodates all tenants. Market rents are $1,700 per month for upper units and $1,450 for lower units, with the potential to generate an impressive $75,600 annually, with room for future increases. All units are currently rented, and there is an option to retain the existing management company at a reduced fee. Don't miss this exceptional investment opportunity!
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Total Living Area:
2,353.6 sq. ft.219 m2
Below Grade Finished Area:
2,331.6 sq. ft.217 m2
Lot Area:
4,951 sq. ft.460 m2
Year built:
1955
(Age: 70)
Bathrooms:
-
(Full:-, Half:-)
Plan:
5228AF
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Garage:
0
Parking:
Parking Pad
Parking Places:
4
Parking Total/Covered:
4 /
-
Laundry Features:
In Unit
Bankview (Calgary)
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Data was last updated February 28, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,395,000
Min list price:
$899,999
Max list price:
$3,200,000
Avg days on market:
23
Min days on market:
7
Max days on market:
87
Avg price per sq.ft.:
$572.63
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.