9751 Elbow Drive Sw, Calgary, Alberta T2V 1M4

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$995,000

ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | WILL INCLUDE APPROVED DP FOR 10 UNITS IN PURCHASE PRICE. PERFECT FOR PURPOSE BUILT RENTAL! | THE PERFECT PROJECT FOR CMHC- MLI SELECT FINANCING | ENJOY THE OPPORTUNITY OF AS LITTLE AS 5% DOWN + 50 YEAR AMORTIZATION = STRONG ROI!! Imagine the opportunity to build a highly sought-after, income-generating 5-plex + 5 legal basement suites in the desirable Haysboro community – a project that could deliver substantial returns while providing a fresh, modern housing option for Calgary’s rental market.This project envisions five carefully designed, upscale units, each with a fully legal, self-contained basement suite. With Calgary's rental demand on the rise, this multi-family layout offers a unique approach: dual-income streams per unit. Picture each primary suite featuring an open, inviting floor plan with three bedrooms, a high-end kitchen, and a welcoming living space, ideal for young professionals or families. Below each unit, a fully legal basement suite with a separate entrance and designated parking offers a private, one-bedroom retreat that appeals to tenants looking for affordability without sacrificing comfort.Building this 5-plex with five legal suites positions you to tap into a robust rental market in Haysboro, a community known for its proximity to transit, shopping, schools, and parks. This location enhances tenant appeal and supports long-term occupancy, which is essential for maximizing revenue.Beyond the income potential, constructing this type of property aligns with Calgary's increased demand for higher-density housing, especially in established neighborhoods. By developing this project, you'll not only be addressing a crucial housing need but also creating a valuable asset that promises both stability and growth in one of Calgary's strongest rental markets. (id:55577)

Property Features

  • MLS® Number A2178062
  • Price $995,000
  • Bedrooms: 3
  • Bathrooms: 2
  • Square Footage: 1000.23 sqft
  • Property Type: House
  • Community Name: Haysboro
  • Amenities Near By Park, Playground, Schools, Shopping
  • Features Treed
  • Parking Space Total 2
  • Plan 4704hl

Buildings

Bathroom Total 2 Bedrooms Above Ground 3
Bedrooms Total 3 Appliances Refrigerator, Dishwasher, Stove, Microwave
Architectural Style Bungalow Basement Development Finished
Basement Type Full (finished) Constructed Date 1958
Construction Material Wood Frame Construction Style Attachment Detached
Cooling Type See Remarks Exterior Finish Stucco, Vinyl Siding
Fireplace Present Yes Fireplace Total 1
Flooring Type Carpeted, Ceramic Tile, Hardwood Foundation Type Poured Concrete
Heating Type Forced Air Stories Total 1
Size Interior 1000.23 Sqft Total Finished Area 1000.23 Sqft
Type House

Parking

Detached Garage 1

Land

Acreage No Fence Type Fence
Land Amenities Park, Playground, Schools, Shopping Landscape Features Landscaped
Size Depth 36.61 M Size Frontage 15.24 M
Size Irregular 558.00 Size Total 558 M2|4,051 - 7,250 Sqft
Size Total Text 558 M2|4,051 - 7,250 Sqft Zoning Description H-go

Rooms

Level Type Dimensions
Basement Recreational, Games Room 31.00 Ft x 11.50 Ft
Basement Storage 6.50 Ft x 6.00 Ft
Basement Laundry Room 16.00 Ft x 11.00 Ft
Basement 3pc Bathroom 6.00 Ft x 5.50 Ft
Main Level Other 16.50 Ft x 11.50 Ft
Main Level Living Room 18.50 Ft x 12.50 Ft
Main Level Primary Bedroom 13.00 Ft x 11.50 Ft
Main Level Bedroom 10.00 Ft x 8.50 Ft
Main Level Bedroom 10.00 Ft x 8.00 Ft
Main Level 4pc Bathroom 8.00 Ft x 5.00 Ft

Agents and Offices

  • Justin Warthe
  • Office: RE/MAX House Of Real Estate

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