Fantastic opportunity to own a fully renovated 5-unit multi-family investment property in the heart of Richmond—just steps from transit, shops, and amenities. This property features five total units, each offering 1 bedroom and 1 bathroom. Currently, four of the five units are rented, generating a strong monthly income of $5,725 ($68,700 annually), with leases in place for all rented suites. With the additional of Unit E into the rental pool, monthly rent could go up to at least $6,725 ($80,700 annually). Each unit underwent a full renovation, ensuring low maintenance and modern appeal for years to come. Recent upgrades include a new roof, new sliding doors, newly paved parking area, automated heating and alarm systems, newer hot water heater, and newer furnaces. The property also includes a detached accessory building/shop offering additional rental income potential. An ideal turn-key revenue property in one of Calgary’s most desirable inner-city neighbourhoods! (id:55577)
Property Features
- MLS® Number A2268473
- Price $999,900
- Square Footage: 2131 sqft
- Property Type: Apartment
- Community Name: Richmond
- Parking Space Total 7
- Plan 5661o
Buildings
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1949 | Construction Material | Wood Frame |
| Construction Style Attachment | Attached | Exterior Finish | Stucco |
| Stories Total | 2 | Size Interior | 2131 Sqft |
| Total Finished Area | 2130.7 Sqft | Type | Apartment |
Parking
| Other |
Land
| Acreage | No | Size Irregular | 580.00 |
| Size Total | 580 M2|4,051 - 7,250 Sqft | Size Total Text | 580 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c1 |
Agents and Offices
- Jordan Helwerda
- Office: RE/MAX House Of Real Estate