Attention Investors! Welcome to this incredible investment property boasting 4 LEGAL units, situated on a sprawling 50 x 125 MC-2 zoned lot in the sought-after Rosscarrock neighbourhood. Currently generating $5,565 in monthly revenue (with the potential for much more), this well-maintained property promises both immediate returns and long-term potential. Local conveniences are just a short stroll away, including Westbrook Mall, shopping staples like Safeway and Walmart, restaurants, and coffee shops. Westbrook LRT Station and plenty of bus routes, including the Max Teal, which offers a direct line to Mount Royal University and Rockyview Hospital, are all within walking distance!
Each side of the upper units offers comfortable living space with over 1,100 sq ft each, featuring three bedrooms, a convenient 4-piece bathroom, a cozy living room with large windows, plus a dining area ideal for family meals and entertaining. The kitchens have all the essential appliances and loads of cabinetry. And finally, West-facing balconies with newer sliding doors offer the perfect place to relax and enjoy the sunlight.
Each side of the generously sized lower units offers over 900 sq ft of living space, featuring two bedrooms, a 3-piece bathroom, and a well-sized living/dining area with large windows providing ample natural light – unlike most basement suites! The kitchens have lots of cabinetry, including all the essential appliances. Both basement suites are fully legal and registered with the city of Calgary, offering peace of mind.
Additional features of this great investment property include separate laundry rooms for each side of the property (shared between upper and lower units), simplifying tenant convenience. The property also boasts an oversized detached garage (24 x 24 sq ft) divided into two separate bays, currently rented to separate parties, enhancing rental income potential. New water tanks and furnaces on the south side (916) ensure efficiency and modern comfort.
A spacious shared backyard at the rear of the building provides outdoor space for relaxation. The exterior of the building is excellently maintained, featuring an attractive front brick exterior that enhances its curb appeal. All units have undergone recent updates, including newer vinyl plank flooring, fresh paint, and upgraded countertops.
The existing tenants are reliable and are eager to continue their tenancy. Given Calgary’s hot rental market, current rental rates sit below market, with room for market increases.
Nestled in the charming Rosscarrock community, this property is close to schools, plenty of grocery stores, and restaurants, plus the Westbrook LRT Station is only a 10-minute walk. The Max Teal bus route also runs along 37 Street and connects the community to Mount Royal University, Rockyview Hospital, and more. You are only three kilometres away for those who need to make their way downtown daily or weekly. Rosscarrock is the perfect residential neighbourhood for young families and working professionals. Without a doubt, you can have it all in this self-sufficient neighbourhood!
Address
914 & 916 38 Street SW
Sold Date
18/08/2023
Property Type
Multi-Family
Type of Dwelling
4 plex
Area
Calgary W
Sub-Area
Rosscarrock
Floor Area
2,351 Sq. Ft.
Lot Size
6253 Sq. Ft.
Year Built
1973
MLS® Number
A2074332
Listing Brokerage
RE/MAX HOUSE OF REAL ESTATE
Basement Area
See Remarks, Suite
Postal Code
T3C 1T3
Zoning
M-C2
Site Influences
Schools Nearby, Shopping Nearby, Playground, Sidewalks, Street Lights