Details

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Description

If youre shopping for an apartment, why not purchase a fourplex (4 apartments) for under $1.2M? Youll also own a sizable piece of land instead of sharing it with 30-200 others. Plus, being on the ground floor means less structural risk and lower maintenance. This fully upgraded, centrally located Bankview property offers unbeatable rental appeal—just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it features energy-efficient windows, a new roof, modern appliances, and a state-of-the-art glycol heating system that reduces heating costs by 60%. Each of the 4 spacious 1-bedroom units (2,343 square feet total) has in-suite laundry, storage, and private entrances, while the lower units enjoy walk-out access. A 148-square-foot utility room adds extra functionality, and ample parking ensures convenience. With market rents generating $67,200 annually ($1,500 upper, $1,300 lower) and room for future increases, this property delivers immediate positive cash flow and strong long-term appreciation. Live in 1 unit and rent the other 3, or rent all 4 to maximize income. Rental income counts toward mortgage qualification, making it easier to secure your purchase. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. The current owner has retired and is moving on to larger projects—offering you a rare chance to take over a proven, near-effortless, income-generating asset. Workers create $2-5 of profit on average for every $1 they earn—the rest goes to their boss. Invest for yourself and keep the full amount. Work for yourself, not your boss. Please call or text as I dont check Kijiji frequently. MLS® #A2206809