Excellent investment opportunity in the established community of Renfrew, just minutes from downtown Calgary. 50 x 120 M-C2 lot with views of downtown. This property features four identical bilevels (A through D). Rare 3-bedroom units are easy to rent! Recent updates include all furnaces in 2018, updated kitchens, and tile and vinyl flooring in most units within the last 10 years, the property has vinyl windows and newer doors but the age is unknown. The main floor of each unit features a bright, open layout with vaulted ceilings, a spacious living room with a wood burning fireplace, a separate dining area, and a well-designed kitchen. The lower levels offer 3 bedrooms, a 4 piece bathroom, and a laundry + mechanical room. Vinyl plank flooring and tile provide durability and easy maintenance throughout. This is an excellent opportunity to own a well-located income property close to downtown Calgary with lots of future potential. Separate utility meters on all 4 units. Gross annual income is $80,400. Projected annual income with increased rents is 90,000.
Address
715 5 Street NE
List Price
$1,200,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Bi-Level
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Renfrew
Floor Area
2,384 Sq. Ft.
Lot Size
5963 Sq M.
Year Built
1971
MLS® Number
A2335405
Listing Brokerage
Century 21 Masters
Basement Area
Full
Postal Code
T2E 3W7
Zoning
M-C2
Site Influences
Back Lane, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Sidewalks, Street Lights, Near Public Transit