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948 31 Avenue NW, Calgary, Alberta
About This Property
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.
Key Features
- Built in 1958
- Basement: Finished, Full, Separate entrance, Suite
- Parking Pad, Other
- Forced air Heat
Property Details
Bedrooms & Bathrooms
Size
Interior
Building
Parking
Land
Financial
Rooms
Main Level
Basement
Room measurements are supplied by the listing brokerage and are approximate.
Estimated Monthly Payment
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$5,309
- Property tax$587
- Estimated total$5,896/mo
View on REALTOR.ca
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