$1,099,800

Investment For Sale In Banff Trail, Calgary, Alberta

$1,099,800

Property Information:

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.

Inclusions: 4- Fridges, 4- Stoves, 3 -Dishwashers, 4 -Washers, 4 -Dryers, 3-Garage Door Openers & Controls, All Window Covers not belonging to tenant's

Building Features:

  • Garage: Yes
  • Total Finished Area: 1864.75

Property Features:

  • Architectural Style: Bi-Level, Side by Side
  • Built in: 1962
  • Construction Materials: Wood Frame
  • Exterior Features: Private Entrance
  • Fireplace Features: Brick Facing, Living Room, Wood Burning
  • Floor Space (approx): 1864.75 Square Feet
  • Flooring: Hardwood, Laminate, Tile
  • Foundation Details: Poured Concrete
  • Heating: Forced Air, Natural Gas, See Remarks
  • Levels: Bi-Level
  • Lot Size: 7793.00 Square Feet
  • Parking Features: Additional Parking, Stall
  • Roof: Asphalt Shingle
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public
  • Zoning: R-CG
  • Sewer: Public Sewer

Courtesy of: RE/MAX Realty Professionals

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved