This turn-key legal 4 plex has recently undergone a substantial renovation, including the legalization of both basement suites, new windows, exterior paint & landscaping, furnaces(3), water tank, roof, landscaping/yard space & two suite renovations totaling nearly $200,000 in capital expenditures since 2021. Offering a total of 7 bedrooms, 4 bathrooms & over 3300 square feet of living space over 4 units, private fenced yards, storage sheds and newly graded driveways with parking for 4 and located just one block to Confederation Park, walking paths, tennis/pickleball courts, a dog park, public transportation and just a short 7-minute commute downtown. Currently generating $8000/mth in rental income and showing a 6.4% cap rate, these opportunities simply do not present themselves often. Good standing leases in place, self-managed complex, professional tenants with exceptional location appeal.More details
Listed by Graeme Affleck
of RE/MAX REAL ESTATE (CENTRAL)
Welcome to the charming town of Didsbury and this great opportunity for a first-time buyer or suave investor looking to grow their portfolio!
Each level of the duplex has a private entrance and an illegal suite in the lower level. Unit 1520A has 1,094 ft2 of space (exterior) on the main level and features three bedrooms, one 4-piece bathroom, storage room, spacious open living/dining area, all enhanced by a vaulted ceiling. The lower level enjoys the warm comfort of in-floor heating and offers a generous open living and dining area, two bedrooms, a 4-piece bathroom and a large laundry area. Unit 1522A has 859 ft2 of area (exterior) on the main level and features two bedrooms, one 4-piece bathroom, spacious open living/dining area, with a vaulted ceiling. The lower level has in-floor heating, generous open living/dining space, two bedrooms, a 4-piece bathroom and a storage room.
The building has been well maintained and features a quiet location just a couple of blocks away from the hospital, schools and parks. Out front is off street parking for four vehicles.
Didsbury is a vibrant community located in the heart of Alberta, that offers a unique blend of natural beauty, history, and culture. The local economy is diverse, with a range of businesses spanning healthcare, agriculture, and retail. It's a town with a strong sense of community and a high quality of life.
So, if you're looking for an attractive investment opportunity with positive net operating income, a solid capitalization rate, proven rental history, in a community with low vacancy rates, this property warrants a closer look. Contact me today to learn more about this unique property.More details
Listed by Tom Armstrong
of RE/MAX REAL ESTATE (CENTRAL)
INVESTOR ALERT! Welcome to the charming town of Three Hills and this exceptional investment opportunity. This legal four-plex is one of two remaining identical properties clustered together along the southeastern edge of town.
Each four-plex has four identical bi-level corner units, with each unit providing a private entrance, dedicated furnace, and hot water tank. Each unit has approximately 890 sqft of finished space and features two bedrooms, one 4-piece bathroom, spacious open living/dining area, a vaulted ceiling, and a large storage room. Plus, each building has 8 gravel parking stalls providing convenience for tenants.
The building has been impeccably maintained and features a quiet location centrally located within walking distance to downtown, Anderson Park, Kinsman Park, aquatic centre, splash park, childcare services, Kneehill Medical Clinic and Three Hills School.
Three Hills is a vibrant community located in the heart of Alberta, just 130 kilometers northeast from Calgary. The local economy is diverse, with a range of businesses spanning healthcare, agriculture, and retail. It's a town with a strong sense of community and a high quality of life. The town is known for its excellent education system, with Prairie College and the Three Hills School District providing world-class education opportunities.
So, if you're an investor or a homeowner looking for an attractive investment opportunity with positive net operating income, a solid capitalization rate, proven rental history, in a community with low vacancy rates, this property warrants a closer look. Contact me today to learn more about this unique investment opportunity.More details
Listed by Tom Armstrong
and Michael Matt
of RE/MAX REAL ESTATE (CENTRAL)
INVESTOR ALERT! Welcome to the charming town of Three Hills and this exceptional investment opportunity. This duplex is half of a four-plex with identical bi-level corner units (front to back). Each unit has a private entrance, dedicated furnace, and hot water tank. Each unit has approximately 890 sqft of finished space and features two bedrooms, one 4-piece bathroom, spacious open living/dining area, a vaulted ceiling, and a large storage room. Plus, the duplex has 4 dedicated gravel parking stalls providing convenience for tenants.
The building has been impeccably maintained and features a quiet location centrally located within walking distance to downtown, Anderson Park, Kinsman Park, aquatic centre, splash park, childcare services, Kneehill Medical Clinic and Three Hills School.
Three Hills is a vibrant community located in the heart of Alberta, just 130 kilometers northeast from Calgary. The local economy is diverse, with a range of businesses spanning healthcare, agriculture, and retail. It's a town with a strong sense of community and a high quality of life. The town is known for its excellent education system, with Prairie College and the Three Hills School District providing world-class education opportunities.
So, if you're an investor or a homeowner looking for an attractive investment opportunity with positive net operating income, a solid capitalization rate, proven rental history, in a community with low vacancy rates, this property warrants a closer look. Please contact me today to learn more about this unique opportunity.More details
Listed by Tom Armstrong
and Michael Matt
of RE/MAX REAL ESTATE (CENTRAL)
Data was last updated October 3, 2023 at 02:05 PM (UTC)
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