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Data was last updated 2024-10-20 at 00:15:10 GMT
Open House 1-3pm Saturday, October 19, 2024. Prime Investment: Income-Generating Property. Discover a lucrative opportunity in Banff Trail, directly across from the University of Calgary. This recently R-CG zoned property boasts unbeatable proximity to the C-Train, schools, parks, hospitals, and shopping. The current owner has retired and is relocating. The extensively renovated home offers 3,571 square feet of finished living space across four levels, ideal for generating substantial rental income or accommodating a large family. The upper levels feature 4 oversized bedrooms, 3 full bathrooms, 2 dens, and ample storage. The lower level offers a 2-bedroom suite with oversized bedrooms, a full bath, and a separate entrance. The property is turnkey ready, featuring modern tiled bathrooms, a new 528 square feet double garage, a newly renovated exterior with a brand-new balcony and new decks, and a renovated basement with granite countertops. Newer appliances and roof provide peace of mind. Currently, each upstairs bedroom generates $1,050 a month in income, and each basement bedroom generates $950, providing a total annual income of $73,200. This represents about 6% yield on the house price. with significant potential for increased income as market rents rise. The astute investor can achieve semi or even full retirement upon purchase! Additionally, this large property can easily accommodate 2 more bedrooms to maximize rental income. Call today to schedule a viewing and secure this exceptional investment property.
Listing Information
- Prop. Type:
- Detached
- Property Style:
- 3 Storey
- Status:
- Active
- City:
- Calgary
- Bedrooms:
- 6
- Full Bathrooms:
- 4
- Neighbourhood:
- Banff Trail
- Area:
- Calgary
- Province:
- Alberta
- MLS® Number:
- A2172809
- Listing Price:
- $1,050,000
General Information
- Year Built:
- 1982
- Total Square Feet:
- 2460ft2
Additional Information
- Basement Dev:
- Finished, Full
- Parking:
- Double Garage Detached
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This property is listed by Datong Property Management Ltd. and provided here courtesy of
Kathy Anderson.
For more information or to schedule a viewing please contact Kathy Anderson.
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.