Open House 1-3pm Saturday, October 19, 2024. Prime Investment: Income-Generating Property. Discover a lucrative opportunity in Banff Trail, directly across from the University of Calgary. This recently R-CG zoned property boasts unbeatable proximity to the C-Train, schools, parks, hospitals, and shopping. The current owner has retired and is relocating. The extensively renovated home offers 3,571 square feet of finished living space across four levels, ideal for generating substantial rental income or accommodating a large family. The upper levels feature 4 oversized bedrooms, 3 full bathrooms, 2 dens, and ample storage. The lower level offers a 2-bedroom suite with oversized bedrooms, a full bath, and a separate entrance. The property is turnkey ready, featuring modern tiled bathrooms, a new 528 square feet double garage, a newly renovated exterior with a brand-new balcony and new decks, and a renovated basement with granite countertops. Newer appliances and roof provide peace of mind. Currently, each upstairs bedroom generates $1,050 a month in income, and each basement bedroom generates $950, providing a total annual income of $73,200. This represents about 6% yield on the house price. with significant potential for increased income as market rents rise. The astute investor can achieve semi or even full retirement upon purchase! Additionally, this large property can easily accommodate 2 more bedrooms to maximize rental income. Call today to schedule a viewing and secure this exceptional investment property.
MLS ® #: A2172809
Listing Office: Datong Property Management Ltd.
Date Listed: October 15, 2024 - 3 days on site
Last Updated: Oct 18, 2024 06:18am MST
$1,050,000