Calgary Realtor

$1,175,000 · For Sale New Listing
203 42 Avenue SW, Calgary, Alberta
6+2Bedrooms
4Bathrooms
2,684sq ft
636m² Lot
1Days on Market

About This Property

RARE INVESTMENT OPPORTUNITY IN PARKHILL! Situated on an oversized 6,800+ sq ft lot in one of Calgary's most sought after inner city communities, this full duplex offers exceptional holding income today with tremendous future upside.Each side features a spacious 3 bedroom upper suite and a 1 bedroom illegal basement suite, creating four income generating units in total. This property has experienced strong tenant demand with minimal vacancy over the years, making it an attractive opportunity for investors seeking reliable cash flow in a premier inner city location. Unit 203A (3 Bedroom, 1 Bathroom) has been recently updated with new stainless steel appliances.Whether you're looking to renovate, hold as a long-term investment, or redevelop, the possibilities are endless. Located just minutes from downtown, stampede park, and the amenities along Macleod Trail, this property offers unmatched convenience with easy access to transit, shopping, dining, and major commuter routes.Opportunities like this are rare. You could live in one unit and rent the other 3 units, or hold this property as a 4 unit rental building. This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill!

Key Features

  • Built in 1961
  • Freehold
  • Basement: Finished, Full, Separate entrance, Suite
  • Attached Garage Parking
  • 1 Fireplace
  • Forced air Heat

Property Details

Community Parkhill
Property Type Multi-family
Storeys 1
Year Built 1961
Ownership/Title Freehold
MLS® Number A2348856

Size & Land

Finished Area 2,684 sq ft
Land Size 636 m² Lot

Building Features

Basement Finished, Full, Separate entrance, Suite
Heating Forced air
Cooling None
Foundation Poured Concrete
Fireplace 1 Fireplace

Parking

Parking Type Attached Garage
Parking Spaces 4

Financial & Other

Property Taxes $4,968/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$4,991/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

  • Mortgage$4,991
  • Property tax$414
  • Estimated total$5,405/mo
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Listing courtesy of REMAX Innovations · Calgary Real Estate Board
View on REALTOR.ca
ED
Evans Dobey
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