Exceptional opportunity to acquire a 17-unit multifamily building in the highly desirable community of Bowness. Situated on a large 65’ x 140’ corner lot, this property offers strong fundamentals and long-term upside in a prime location.The building consists of all one-bedroom units (17 total), providing a highly desirable and easy-to-manage rental mix. Originally constructed as a 14-unit building, an additional 3 suites were added in the lower level, optimizing the overall layout and revenue potential.Over the years, the property has benefited from numerous upgrades, including newer sliding doors on all units, cosmetic updates throughout many suites, and recently painted common areas, contributing to strong tenant appeal.The site features 14 parking stalls, adding convenience for tenants and enhancing overall functionality.With professional property management already in place, this is a true turnkey investment opportunity ideal for investors seeking a well-located, stabilized multifamily asset (id:55577)
Property Features
- MLS® Number A2296807
- Price $3,450,000
- Square Footage: 11205 sqft
- Property Type: Multi-Family
- Community Name: Bowness
- Plan 7227gq
Buildings
| Constructed Date | 1978 | Size Exterior | 11205.32 Sqft |
| Size Interior | 11205 Sqft | Total Finished Area | 11205.32 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Irregular | 1041.00 |
| Size Total | 1041 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 1041 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | M-c1 |
Agents and Offices
- Adil Thobani
- Office: The Real Estate District