A fantastic opportunity to own an investment property in trendy Marda Loop with long-term tenants!
This well-maintained gravel roofed building (~3830 square feet total) boasts 4 identical and spacious (~950 square feet) 2-bedroom units, each with its own private entrance, full bathroom, brick faced wood burning fireplace, convenient in-suite laundry, storage, dedicated furnace and hot water tank, as well as paved and assigned off-street parking at the rear. The lower units are both walkouts providing plenty of natural south light, while the upper units have expansive balconies all shielded from the street by mature trees.
Location is everything. Residents here enjoy being steps away from trendy boutiques, independent shops, bars, unique cafés and incredible restaurants. Grocery shopping and errands couldn't be easier with Safeway, Calgary Co-op, and several farmer's markets nearby. The area is equally rich in top-rated schools, parks and recreational spaces and is a short commute to downtown.
All units are currently rented and the property generates an impressive ~$75,000 of income per year. Tenants pay their own utilities with each unit having its own meters.
This MC-1 zoned 75’ x 80’ lot has options both now and in the future.
Address
1520 34 Avenue SW
List Price
$1,199,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Other
Area
Calgary CC
Sub-Area
South Calgary
Floor Area
1,979 Sq. Ft.
Lot Size
5984 Sq. Ft.
Year Built
1974
MLS® Number
A2204641
Listing Brokerage
Greater Property Group
Basement Area
Finished, Full
Postal Code
T2T2A9
Zoning
M-C1
Site Influences
Back Lane, Front Yard, Shopping Nearby, Park, Playground, Sidewalks, Square Shaped Lot, Street Lights