4 plex Property Sold in Capitol Hill, Calgary at Xxxx Xx Avenue Nw

Welcome to 1310/08 20 Ave NW, a lucrative 4-unit multifamily property ideally situated in one of Calgary’s premier rental neighborhoods - Capitol Hill. This property offers exceptional proximity to the University of Calgary, SAIT, Lions Park LRT Station, and Confederation Park. The demand for rentals in this neighborhood is exceedingly high, with not a single vacant unit in over 10 years.

Each unit within this meticulously maintained property features new windows, two spacious bedrooms and a well-appointed bathroom, offering comfortable and functional living spaces for tenants. Originally designed and currently registered as a duplex with lower-level illegal suites, the thoughtful layout ensures privacy and convenience, making it an attractive choice for potential renters. Additionally, each suite is equipped with its own washer and dryer, enhancing convenience for tenants.

In addition to its superb location and well-designed units, the property boasts ample parking space, including a 3-car carport and a designated parking pad, all of which can be rented out separately. Situated on a spacious 50ft lot, there is significant potential for future development, further increasing equity in this already attractive investment, especially considering the neighborhood's prevalence of infills.Managed effortlessly by a hands-off, ethical investor for the past 20 years, existing rents are well below market rates, allowing for substantial upside potential for a new buyer, as well as instant equity. Don't miss out on the opportunity to acquire this cash-flow-generating property in a highly desirable location. Whether you're an experienced investor or venturing into real estate for the first time, 1310/08 20 Ave NW offers an ideal blend of profitability and potential. Schedule a viewing today to secure your foothold in Calgary's thriving real estate market.

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