Capitalize on a turnkey, revenue-generating INCREDIBLE investment property. This full duplex features 4 fully legal suites that currently collectively generate over $8,000 / month in gross rental income, backed by an exceptional tenant profile & strong leases. Within the last 5 years, the property has undergone nearly $200,000 in comprehensive capital renovations. Major upgrades include two high-end basement legalizations (to make legal suites), updated mechanical systems (3 furnaces & water heater), a newer roof, energy-efficient windows, fresh exterior aesthetics, and optimized outdoor amenities featuring private fenced yards and graded four-car parking. Spanning over 3,300 sq ft across 7 bedrooms and 4 bathrooms, the complex already has excellent tenants in place. Its positioning just one block from Confederation Park & minutes from downtown ensures perpetual high demand and minimal vacancy. With all major heavy lifting completed, this self-managed asset presents a seamless, high-yield expansion opportunity for any real estate portfolio.
Address
948 31 Avenue NW
List Price
$1,250,000
Property Type
Residential
Type of Dwelling
Full Duplex
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Cambrian Heights
Bedrooms
7
Bathrooms
4
Floor Area
1,898 Sq. Ft.
Lot Size
5995 Sq M.
Year Built
1958
MLS® Number
A2351440
Listing Brokerage
Royal LePage Benchmark
Basement Area
Full
Postal Code
T2K 0A5
Zoning
R-C2
Site Influences
Back Lane, Back Yard, Front Yard, Lawn, Landscaped, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Sidewalks