4-Plex For Sale in Calgary, AB

INVESTORS, welcome to your potentially next best-performing asset. This purpose-built fully legal four-plex sits on a massive 7200 sqft lot backing onto a permanent green space in the inner city. An impressive $69,600 annual rent and a first-year cap rate of 5.8% await a savvy investor.
Owner occupied and maintained until recently with zero deferred maintenance and over 60K invested within the last two years. This property is in excellent condition and poised to profit well into the next 25 years. Recent upgrades include new windows, gutters, paint, carpeting, stairs to the parking pad, a six-car parking pad, and a new sewer line to the city service. All appliances are new within the last three years, and new shingles in 2017.

All four addresses are on a single title with approximately 3632 sqft of finished living space. With transit at the doorstep and direct access to Downtown, SAIT, UofC, and both the Children's and Foothills Hospitals, this is a major draw for renters and a popular location for Air BnB's. Street parking and a six-car parking pad are also great options for tenants.
All units are non-smoking and all four tenants are in good standing. Three long-term tenants are month to month and the fourth is on a one-year term lease. Zero percent vacancy over five years. Currently cash flowing $69,600 annually in rent and the tenants pay all utilities.
Units 4632 and 4634 have two bedrooms and one bath, have views of the park, and are filled with natural sunlight. Unit 4632 was remodeled in 2018 and has newer stainless-steel appliances and newer fixtures. Private separate entrances lead to a storage room and shared laundry. Unit 4632R is a nicely remodeled one-bedroom rented as a two-bedroom. Unit 4634R is a one-bedroom with a storage room that could use some updating. The current long-term tenant is satisfied with it as it is.

Currently zoned RC2, future development options are plenty. Easily split the title and build two four-plexes with basement suites or, build a second fourplex on the property as it is. The city's new blanket rezoning allows for row housing with minimum setbacks. Or sit back and watch your mortgage shrink and your equity grow.
This is your opportunity to benefit from the pride of ownership, massive up-side potential and spectacular location this property has to offer.

Call, text, or email Matthew Doell to book your showing.

Agents welcome, 24 hours' notice is required for showings.

(The owner/seller is a former licensed real estate agent and property manager). [email protected] 403-970-4242