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.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Home Style:
Bi-Level, Side by Side
Total Living Area:
1,864.75 sq. ft.173.24 m2
Main Level Finished Area:
1,864.75 sq. ft.173.24 m2
Below Grade Finished Area:
1,744.09 sq. ft.162.03 m2
Lot Area:
7,793 sq. ft.723.99 m2
Lot Details:
Large irregular corner lot
Levels:
Bi-Level
Year built:
1962
(Age: 62)
Bathrooms:
-
(Full:-, Half:-)
Plan:
907GS
Heating:
Forced Air, Natural Gas, See Remarks
Basement:
Full, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Tile
Fireplaces:
4
Fireplace Details:
Brick Facing, Living Room, Wood Burning
Water Supply:
Public
Sewer:
Public Sewer
Utilities:
Cable at Lot Line, Cable Connected, Electricity Connected, Natural Gas Connected, High Speed Internet Available
Garage:
1
Garage Spaces:
3
Parking:
Additional Parking, Stall, Triple Garage Detached
Parking Places:
9.0
Parking Total/Covered:
9 /
-
Banff Trail
Dishwasher, Refrigerator, See Remarks, Stove(s), Washer/Dryer
4- Fridges, 4- Stoves, 3 -Dishwashers, 4 -Washers, 4 -Dryers, 3-Garage Door Openers & Controls, All Window Covers not belonging to tenant's
None Known
Title to Land:
Fee Simple
Community Features:
Golf, Shopping Nearby
Exterior Features:
Private Entrance
Lot Features:
Back Lane, Corner Lot, Lawn, Near Shopping Center, Near Golf Course, Near Public Transit
Data was last updated November 5, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,299,000
Min list price:
$875,000
Max list price:
$4,280,000
Avg days on market:
50
Min days on market:
4
Max days on market:
157
Avg price per sq.ft.:
$616.81
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.