4524 75 Street Nw Calgary, Alberta T3B 2M9

6912 sqft
None Forced Air


CONDITIONALLY SOLD TO FEB 15.......7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. BUY NOW and save on rising interest rates and rising prices. One of the lowest priced strata title complexes. No common areas so low expenses..WORTH FULL PRICE. Buy now before interest rate increases. Extremely high demand and extremely low inventory will lead to high prices. RISING RENTS for better cash flow. Rent increases for March, 2022, or as leases comes due, and no tenants have moved. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,525/month or $90,300/annual. Rent increases yield $104,400 annually. Very low expenses: insurance estimate for new owner $3,900/year, waste $1,260, taxes $9,077. 2022 NET INCOME $83,899. CAP RATE 6.2% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Ideal for a hands on local investor. Quick closing for an ASTUTE INVESTOR. See the 2:27 minute virtual tour. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Some billion dollar tech firms. Huge tech sector boom. To view write offer subject to viewing. (id:38235)

Property Details

MLS® Number A1169976
Property Type Multi-family
Community Name Bowness
Features Back Lane, Lane
Parking Space Total 7
Plan 1313030
Road Type Paved Road
Total Buildings 1


Basement Type Unknown
Constructed Date 1972
Cooling Type None
Exterior Finish Stucco
Foundation Type See Remarks
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 6912 Sqft
Size Interior 6912 Sqft
Total Finished Area 6912 Sqft
Type Multi-family


Acreage No
Size Depth 45.72 M
Size Frontage 22.86 M
Size Irregular 11253.00
Size Total 11253 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 11253 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description M-c1


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