Open House 1-3pm Saturday, October 19, 2024. Prime Investment: Income-Generating Property. Discover a lucrative opportunity in Banff Trail, directly across from the University of Calgary. This recently R-CG zoned property boasts unbeatable proximity to the C-Train, schools, parks, hospitals, and shopping. The current owner has retired and is relocating. The extensively renovated home offers 3,571 square feet of finished living space across four levels, ideal for generating substantial rental income or accommodating a large family. The upper levels feature 4 oversized bedrooms, 3 full bathrooms, 2 dens, and ample storage. The lower level offers a 2-bedroom suite with oversized bedrooms, a full bath, and a separate entrance. The property is turnkey ready, featuring modern tiled bathrooms, a new 528 square feet double garage, a newly renovated exterior with a brand-new balcony and new decks, and a renovated basement with granite countertops. Newer appliances and roof provide peace of mind. Currently, each upstairs bedroom generates $1,050 a month in income, and each basement bedroom generates $950, providing a total annual income of $73,200. This represents about 6% yield on the house price. with significant potential for increased income as market rents rise. The astute investor can achieve semi or even full retirement upon purchase! Additionally, this large property can easily accommodate 2 more bedrooms to maximize rental income. Call today to schedule a viewing and secure this exceptional investment property.
Data was last updated October 30, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,119,000
Min list price:
$259,900
Max list price:
$2,050,000
Avg days on market:
40
Min days on market:
6
Max days on market:
89
Avg price per sq.ft.:
$586.41
These statistics are generated based on the current listing's property type
and located in
Banff Trail. 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.