Listing Provided Courtesy Of:
RE/MAX REAL ESTATE (CENTRAL)
Address
4524 75 Street NW Calgary, AB
Price
$ 1,295,000
Property Attributes
  • ID#A1082290
  • TypeCommercial
  • CityCalgary
  • AreaCalgary - Zone NW
  • NeighbourhoodBowness
  • Postal CodeT3B 2M9
  • StyleMulti Family
  • Price$ 1,295,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,253 SqFt
Listing Provided Courtesy Of:
RE/MAX REAL ESTATE (CENTRAL)
Data Source:
Calgary Real Estate Board Cooperative
Property Description

7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,345/month or $88,140/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783. NET INCOME $69,977 CAP RATE 5.4% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Quick closing for an ASTUTE INVESTOR. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom.

Price History
3/17/2021 Listed $1,295,000

General Features

Accessto Property Lane, Paved Road
Condo Type Conventional
Construction Materials Stucco
Cooling None
District CAL Zone NW
HOA Fee 0.00
Heating Forced Air, Natural Gas
Property SubType Multi Family
Property Type Commercial
Roof See Remarks
Section 34
Structure Type Townhouse
Subdivision Name Bowness
Township 24
Transaction Type For Sale
Zoning M-C1

Interior Features

Below Grade Finished Area 0.00
Building Area Total Metres 642.14
Building Area Total Sf 6912.00
Main Level Areas SquareFeet
Main Level Finished Area 0.00
Main Level Finished Area Metres 0.00
Main Level Finished Area Sf 0.00
Main Level Finished Area Srch Sq 0.00
Range 2

Exterior Features

Public Remarks 7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1, 050 now $1
Building Area Total 6912.00
Foundation Other
Frontage Length 22.86M 75`0
Inclusions 7 stoves, 7 fridges, 7 washers and dryers
Lot Description Back Lane, Near Public Transit
Lot Size Acres 0.26
Parking Common Spaces 7
Parking Total 7

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T3B 2M9

Price
AVG $1.3M
$1.3M
Visits
AVG 43
15
Year Built
AVG 1972
1972

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover