Calgary Realtor

$1,200,000 · For Sale
2431 & 2429 26 Street SW, Calgary, Alberta
4+2Bedrooms
4Bathrooms
1,954sq ft
580m² Lot
50Days on Market

About This Property

H-GO ZONING | 4 LEGAL SUITES ON 1 TITLE (2 UP, 2 DOWN) | 125 X 50 FT WEST BACKYARD LOT | APPROX. 5.30% CAP RATE | FULLY OCCUPIED AND PROFESSIONALLY MANAGED | Excellent revenue generating 4 plex in the highly sought after inner city community of Killarney. This property offers outstanding return on investment potential with an approximate 5.30% cap rate and is fully occupied with professional management already in place, making it a true turnkey investment opportunity. The lower suites have been fully renovated and were recently leased for $1,325 and $1,550 per month, while the upper suites are currently rented for $2,075 per month each. Each unit features its own updated electrical panel, separate laundry, and a fireplace (chimneys capped), along with numerous additional updates throughout. Outside you’ll find a double garage along with additional rear parking stalls on the large west facing 125 x 50 ft lot. Over the past few months the sellers have completed approximately $35,000 in roofing improvements with warranty (2-ply SBS torch-on), invested approximately $12,000 in new flooring throughout the property, trimmed all of the exterior vegetation to improve the landscaping, and repainted the fence, further enhancing the property’s curb appeal. An exceptional opportunity to add a strong cash flowing asset to your investment portfolio. Link to Investor Package and photos of the new roof in listing.

Key Features

  • Built in 1969
  • Freehold
  • Basement: Finished, Full, Separate entrance, Suite
  • Detached Garage, Parking Pad Parking
  • 4 Fireplaces
  • Forced air, Natural gas Heat

Property Details

Community Killarney/Glengarry
Property Type Multi-family
Storeys 1
Year Built 1969
Ownership/Title Freehold
MLS® Number A2326037

Size & Land

Finished Area 1,954 sq ft
Land Size 580 m² Lot

Building Features

Basement Finished, Full, Separate entrance, Suite
Heating Forced air, Natural gas
Cooling None
Foundation Poured Concrete
Fireplace 4 Fireplaces

Parking

Parking Type Detached Garage, Parking Pad
Parking Spaces 4

Financial & Other

Property Taxes $6,616/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$5,097/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.

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Listing courtesy of RE/MAX House of Real Estate · Calgary Real Estate Board
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ED
Evans Dobey
REALTOR | CIR Realty
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