11440 Elbow Drive Sw, Calgary, Alberta T2W 2E6 New

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$1,150,000

**LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED**Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors.Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants.The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls.Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants.Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Three units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy, providing stable cash flow and simplified property management. All units are in good clean condition.A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location. (id:55577)

Property Features

  • MLS® Number A2326477
  • Price $1,150,000
  • Square Footage: 2473 sqft
  • Property Type: Multi-Family
  • Community Name: Southwood
  • Amenities Near By Schools, Shopping
  • Community Features Pets Allowed
  • Features Back Lane, Wood Windows, Pvc Window, No Smoking Home, Level
  • Parking Space Total 6
  • Plan 731047
  • Structure None, See Remarks
  • Total Buildings 1

Buildings

Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Water Heater - Gas Architectural Style Bungalow
Basement Development Finished Basement Features Walk Out
Basement Type Full (finished) Constructed Date 1973
Construction Material Poured Concrete Cooling Type None
Exterior Finish Brick, Concrete, Stucco Fire Protection Smoke Detectors
Flooring Type Laminate, Tile, Vinyl Plank Foundation Type Poured Concrete
Heating Fuel Natural Gas Heating Type Forced Air
Stories Total 1 Size Interior 2473 Sqft
Total Finished Area 2472.58 Sqft Type Multi-family
Utility Water Municipal Water

Parking

Visitor Parking
Other

Land

Acreage No Fence Type Fence
Land Amenities Schools, Shopping Size Depth 33.52 M
Size Frontage 18.34 M Size Irregular 613.00
Size Total 613 M2|4,051 - 7,250 Sqft Size Total Text 613 M2|4,051 - 7,250 Sqft
Zoning Description Mr

Agents and Offices

  • Cathrine E. Watson
  • Office: Comox Realty

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