UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1868.0
Square Footage 1,868 sqft
Price per Sqft $562
Subdivision Cambrian Heights
MLS Listing ID A2342421
Style 2 Storey Split
Year Built 1958
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 4 plex
Property Description
The building holds four self-contained units: 3 occupied two-bedroom,one-bathroom suites with great,long-term tenants (on month-to-month leases) who've expressed interest in staying + 1 vacant one-bedroom,one-bathroom unit (newly renovated) ready for a new tenant or an owner-occupier who wants to live in one unit while the other three help cover the mortgage. Laundry is shared and four parking stalls are set at the rear of the building.
Two of the four units have already been renovated,giving a new owner immediate rental appeal in half the building while leaving room to add value by updating the remaining two on your own timeline. Key capital items have been well maintained. Each unit has their own hot water tanks and high-efficiency furnaces replaced within the last three to five years. The stucco exterior was redone in 2013 and the roof was last replaced roughly 15 years ago. The building sits on a concrete foundation with wood-frame construction. Lot size is 55x100 with M-C1 zoning.
Whether you're an investor looking to add a stabilized,cash-flowing asset to your portfolio,renovate and add value,or a buyer looking to live in one unit while tenants cover the rest,this property offers a strong combination of location,condition,and upside. Properties like this with good bones,good tenants,and a genuinely quiet inner-city address,tend to become the kind of asset families hold onto and pass down. Book your showing TODAY (tenants require 24-hour notice for showings).
Location
Province AB
County 0046
Community Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Area Cal Zone Cc
Zoning M-C1
Direction NW
Interior
Interior Features Vinyl Windows
Heating Forced Air, Natural Gas
Cooling None
Flooring Hardwood, Linoleum
Inclusions None
Fireplace No
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, Window Coverings
Laundry Lower Level
Exterior
Parking Features Alley Access, Off Street, Parking Pad
Fence Fenced
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Utilities Available Electricity Connected, Natural Gas Connected, Garbage Collection, Sewer Connected, Water Connected
Water Access Desc Public
Roof Type Asphalt Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Rectangular Lot
Dwelling Type Four Plex
Foundation Poured Concrete
Sewer Public Sewer
Water Public
Architectural Style 2 Storey Split
New Construction No
Others
Restrictions Building Restriction,Utility Right Of Way
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