Multi Family Property Sold in South Calgary, Calgary at Xxxx Xx Avenue Sw

Welcome to South Calgary, a vibrant community ripe with development and investment opportunities. Nestled in one of the city’s most sought-after areas, this neighborhood presents an exciting prospect for developers and investors alike. Introducing a prime investment opportunity: a fully tenanted 6-plex spanning on a corner lot, on an impressive 10,914 sq.ft. lot, boasting a sloping grade and zoned for Land Use M-C2. Comprising of four 2 bedroom/1 bath suites and two 1 bedroom/1 bath suites, this 6-plex offers a diverse range of rental options to cater to various tenant needs. Notably, five of the six suites have been tastefully renovated to meet modern standards of comfort and style. Each renovated unit features new kitchens w/ stainless steel appliances, quartz countertops, soft close cabinets/drawers, and vinyl plank flooring. The bathrooms have been upgraded with luxurious soaker tubs, new vanities and fixtures, vinyl plank flooring, enhancing the overall appeal and functionality of living spaces. Convenience is key, with all six units equipped with in-suite laundry, complete with apartment-sized stackable washer/dryer units, ensuring comfort and convenience for the tenants. Unit sizes: 2- beds range from 752-806 sq.ft./unit. 1 bed-704 sq.ft. and the last unrenovated unit is 1 bed-562 sq.ft. In addition to the impressive suite renovations, this property boasts several notable upgrades and improvements. In 2015 the roof, retaining wall, deck, staircase, posts concrete pad were replaced. Commercial-grade hot water tank in 2017 and new fence in 2022. These additional upgrades, combined with the suite renovations, demonstrate a commitment to maintaining and improving the property’s value over time. Parking is ample, with ten parking stalls available on site, enhancing the appeal of the property and adding to its overall value. Furthermore, this property offers a tenant-friendly setup, with each unit being separately metered for power. Don’t miss out on the opportunity to be part of South Calgary’s exciting growth story. With its favorable market conditions, strategic location, and vibrant atmosphere, this community is poised to deliver substantial returns on investment for savvy developers and investors.

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