* Amounts are estimates only. Final payment amounts may vary.
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, all units are already rented at a monthly rate of $16,500 with the 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."
Property details
Basic Info
MLS® #
A2185549
Property Type:
Multi-Family
Subtype:
Row/Townhouse
Subdivision:
Mayland Heights
Price
$2,499,000
Sale/Lease:
For Sale
Size:
7,497 sq.ft.
Year Built:
1970 (55 years old)
Building Info
Structure Type:
Other
Building Style:
Bi-Level, Attached-Side by Side
Garage:
No
Parking:
Parking Pad, Stall
Fence:
Basement:
No
Inclusions:
NONE
Appliances:
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
Lot / Land Info
Lot Size:
0.28 acres
Zoning:
M-C1
Materials & Systems
Exterior:
Stucco,Wood Frame
Floors:
Tile, Vinyl Plank
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Listing Info
Possession:
90 Days / Neg
Days on Market:
49
Your Real Estate Team
Century 21 Grande Prairie Realty
Century 21 Grande Prairie Realty (780) 539-2121
1-888-831-2121
(780) 539-2144