Homes for sale - 919 32 AVE NW, Calgary, AB T2K 0B1

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Sheldons Xa

sxa@twentyrealty.ca +1(587) 832-1826

$ 1,075,000

Est. payment | -/mo

5,188 Sqft Lot

Save

$ 1,075,000

Est. payment | -/mo

Save

5,188 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Cambrian Heights

MLS® Listing ID A2227499

Year Built 1958

Annual Tax Amount $4,771

Tax Year 2025

Lot Size 5,188 Sqft

Acres 0.12

Property Sub-Type Multi Family

Source Calgary

Property Description

This well maintained and upgraded legal 4-plex investment property is strategically located in the desirable Neighbourhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with mult-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing cohesive community atmosphere. The property consists of 4 units, 2 -two bedroom units on the main floor and 2 large one bedroom units on the lower level. These units could possibly be converted to two bedrooms as the large bedrooms have closets on each side of the room. Each suite equipped with essential amenities such as shared laundry on each side of the complex, updated modern white kitchens and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants from young professionals to small families. The exterior of the building boasts a low maintenance facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes. Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks. This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-CG d84

Interior

Heating Floor Furnace, Forced Air, Natural Gas, See Remarks

Cooling None

Inclusions 4 Refrigerators, 4 Electric Stoves, 2 Dishwashers, 2 Washers, 2 Dryers, All Blinds, 2 Storage Sheds

Exterior

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Lot Description Back Lane, City Lot, Landscaped, Low Maintenance Landscape, Near Public Transit

Foundation Poured Concrete

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 101317484

Ownership Private

Listed by RE/MAX House of Real Estate

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AFFORDABILITY CALCULATOR

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Your debt-to-income ratio is 36%
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As a real estate agent, Sheldons brings a strong passion and incredible dedication to ensuring real estate buyers and sellers achieve their goals in a smooth and fulfilling process. Growing up in a family of Real Estate Professionals, Property Managers, and Real Estate Investors, Sheldons gained valuable knowledge about real estate transactions. He nurtured a deep love for the industry from a young age. Given his background, he always desired to venture into the industry to give his clients a positive, rewarding, and financially satisfying real estate experience.

Determined to help his client navigate the complex and competitive market with ease, Sheldons seeks to guide, advise, and educate clients, in order to empower them to make wise and well-informed choices. He strives to go over and beyond to help buyers find their perfect homes and assist sellers in marketing their properties for top dollar. For Sheldons, there is nothing more fulfilling than seeing the smile and the look of satisfaction on his client’s face after a successful closing.

When you entrust Sheldons with your real estate dreams, you can be confident that he won’t rest until he turns them into reality.

+1(587) 832-1826

sxa@twentyrealty.ca

1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada

919 32 AVE NW Calgary, AB T2K 0B1