Details

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Description

Excellent Ready-To-Go Downtown Buy-And-Hold Revenue Property! Near Macleod Trail with excellent access to the Downtown, to the LRT, and the Chinook Mall. Currently an Up/Down Duplex Taxes - $409.00/month Utilities - $475.27/month. (Average 2025, City of Calgary Enmax, Electric, Natural Gas) Monthly Revenue - $3200/month (Varies with Utilities) Call Ken for more information: 403-660-6198 ZONING: MCG D-72 Multi-residential Contextual (In keeping with other homes on the street) Grade Oriented (entrance from grade level. Unlike apartments) Densifier 72 (50x120 lot size equals .0558 hectares x 72 = 4.02 dwellings allowed on this lot) In conversation with the building department of the City Of Calgary, the following are allowed: - Fourplex - Duplex - Lane House - Can also possibly apply for two lots facing street, and two lots facing the alley. (Contingent on all water and sewer going to the street) This property has wonderful tenants in two independent suites and has a great set up for managing utilities, and various maintenance. The tenants, (one long term) have detailed leases in place and treat the place like their own. The suites and appliances are well maintained. The owner has been very involved in communicating with the tenants to ensure their comfort and well being. This is an older house, but very operational! The property has a policy of no-smoking, no vaping, no marijuana, and no pets. A clean-air property. UPPER SUITE: - Approx 896 sq. - Monthly revenue ~ $1800 avg. with utilities. - Bright south-facing house with lovely sunny living room, and two bedrooms. - The upstairs has a relatively newer kitchen. - The bathroom has also been redone with beautiful tile in the shower/bath. - The two bedrooms upstairs are very well kept and clean - Excellent tenants. - There is a deck at the back just off the kitchen for the upstairs tenant. LOWER SUITE: - Approx 750 sq. - Monthly revenue ~ $1300.00 avg. with utilities. - This basement suite was totally redone a number of years ago, with new kitchen, bathroom, and bedroom. THIS HOUSE WAS BUILT IN 1945. UPGRADES: (Major upgrades took place around 2000) - 100 Amp service - Natural gas line and meter. - Most all concrete in basement has been broken up and re-poured new. - All plumbing under concrete in basement was done new, up to foundation wall. - Upgraded electrical wiring for main floor kitchen and bathroom. - Furnace and two hot water tanks. - The entire basement walls and ceilings were removed to the concrete walls and rebuilt with new studs, insulation, vapor barrier and drywall. - Basement ceiling is insulated for sound, with 5/8" drywall with sound bar. - All electrical in basement has been upgraded - New asphalt shingles on house in 2022. GARAGE: BUILT IN 1997 - This property has a back lane for garage access. - 24x30 garage with truck port lean-to. Great shelter in rain or snow! - 9 ceiling. Great as a workshop for turning sheets of plywood. - All insulated and drywalled. Has a floor in the attic trusses. - Overhead furnace heater. - Washroom with sink, toilet, shower, connected to house. Electric hot water tank in garage. - Three man doors and a 16x8 overhead door. - Excellent smooth concrete. No cracks in floor. - 240 volt power to garage with welder plug. - Motion detectors all four sides. - Natural gas hook-up from house. - Comes with internet signal, land line connection. - New asphalt shingles in 2024 PLEASE NOTE : This revenue property/rebuild is being directed to developers, builders or investors for a private sale. - Although the information provided in the preceding discription is believed to be correct, it is not guaranteed. Please call Ken for more information. 403-660-6198