For sale

Description

This exceptional 8-unit property, featuring three bedrooms and two full bathrooms in each unit, is nestled in the charming community of Mayland Heights, just a 10-minute drive from Downtown Calgary. The property is expected to generate an annual income of $202,800. Currently, two units are already rented at a monthly rate of $4,100, with the remaining units expected to fetch a monthly rent of $12,800 in addition to the existing $4,100, resulting in a total monthly income of $16,900.The entire townhouse complex has undergone an extensive renovation, both inside and out, using premium materials and finishes. Each of the 8 units has been completely overhauled, featuring new floors, appliances, kitchens, and overall finishes, including new gas furnaces on all units. Each unit boasts a two-level layout: the first floor comprises a living room and a potential dining area with an attached balcony.Unit layout: the first floor comprises a living room, a potential dining area with an attached balcony, a kitchen, a full bathroom, and a bedroom. In the basement, each unit includes two bedrooms and one bathroom.The complex has four units measuring approximately 888 sqft, while the other 4 are around 985 sqft. Units of 888 sqft have stacked laundry in the bathroom, while the 985 sqft units have a separate utility room for laundry. Every unit has been meticulously designed with a neutral, modern, and open concept, carefully selecting everything from colours to lighting.The property's exterior has also received a comprehensive upgrade, featuring new pot lights, fresh paint, and refinished balconies. The street offers breathtaking views of downtown Calgary, adding to its overall allure. Tenants will be responsible for covering all utilities." (id:51913)

Key Details

  Multi-Family
 7496.8 sqft

Price

$2,699,000

Property Features

  • MLS® Number A2092700
  • Price $2,699,000
  • Square Footage: 7496.8 sqft
  • Property Type: Multi-Family
  • Community Name: Mayland Heights
  • Amenities Near By Park, Playground
  • Community Features Pets Allowed With Restrictions
  • Features Back Lane
  • Parking Space Total 9
  • Plan 3857jk

Buildings

Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Washer/dryer Stack-up Architectural Style Bi-level
Constructed Date 1970 Construction Material Wood Frame
Construction Style Attachment Attached Cooling Type None
Exterior Finish Stucco Fire Protection Smoke Detectors
Flooring Type Tile, Vinyl Plank Foundation Type Poured Concrete
Heating Fuel Natural Gas Heating Type Forced Air
Size Interior 7496.8 Sqft Total Finished Area 7496.8 Sqft
Type Multi-family

Parking

Boat House
Carport

Land

Acreage No Fence Type Not Fenced
Land Amenities Park, Playground Sewer Municipal Sewage System
Size Irregular 1140.00 Size Total 1140 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 1140 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) Zoning Description Mr

Utilities

Electricity Available Natural Gas Available
Sewer Available Water At Lot Line

Agents and Offices

  • Shah Khan
  • Office: Cir Realty
Address

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