LOADING

7717 & 7719 41 Avenue Nw Calgary, Alberta T3B 1X7

2052.16 sqft

$789,000

INVESTOR ALERT! OR Live in One Unit for yourself and Rent Three Units to pay off your mortgage, utilities and insurance. Opportunity knocks with this great purpose-built LEGAL FOURPLEX in Bowness! It is MC-1 Zoning Calgary which allows you to develop 3-4 story apartment buildings when you are ready to develop. Until such development, this property generates a great cash flow for your passive income. The property is consisting of 2 upper units with 3 Bedrooms + 2 lower units with 2 Bedrooms. Each unit is separately metered, has in-suite laundry and parking in the rear. New windows, flooring and paint in the upper NE unit (see pictures & virtual tour). Upper units have balconies and overlook the park across the street. The property currently generates over $37k annually, with room to improve once the fourth unit rents out. It used to generate over $55k annually. It is very easy to find a tenant in this area. A simple "rent sign" on the window has attracted many inquiries and phone calls. Minutes to many amenities, transit, shops, grocery store, gas station, parks and schools. Solid building in an excellent long-term hold location. Don't miss out on this fantastic property with tons of upside. (id:34322)

Property Details

MLS® Number A1084041
Property Type Multi-family
Community Name Bowness
Amenities Near By Playground
Parking Space Total 4
Plan 6625jk

Building

Appliances Washer, Refrigerator, Range - Electric, Dryer, Hood Fan
Basement Type Unknown
Constructed Date 1969
Size Interior 2052.16 Sqft
Total Finished Area 2052.16 Sqft
Type Multi-family

Land

Acreage No
Land Amenities Playground
Size Frontage 21.33 M
Size Irregular 636.00
Size Total 636 M2|4,051 - 7,250 Sqft
Size Total Text 636 M2|4,051 - 7,250 Sqft
Zoning Description M-c1

https://www.realtor.ca/real-estate/22972477/7717-7719-41-avenue-nw-calgary-bowness