51.09177 -114.19837

4524 75 Street NW Calgary, AB T3B 2M9

290804108 51.09177 -114.19837 806 /listing/290804108-150112678/4524-75-street-nw-calgary-ab-t3b-2m9 False 0 1295000.0 6912 105 A1082290 False
  • $1,295,000
  • 6,912 sqft
  • 11,253 lot

Property & Neighborhood Info

Courtesy Of RE/MAX REAL ESTATE (CENTRAL)

Multi-Family in Calgary

7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,345/month or $88,140/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783. NET INCOME $69,977 CAP RATE 5.4% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Quick closing for an ASTUTE INVESTOR. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom.

Courtesy Of RE/MAX REAL ESTATE (CENTRAL)
  1. 6,912 Sq. Ft.
  2. 11,253 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1972
  • County: Calgary
  • Subdivision: Bowness
  • MLS® Number:A1082290

Additional Features

  • Cooling:
    • None
  • Inclusions:
    • 7 stoves, 7 fridges, 7 washers and dryers
  • Condo:
    • Conventional
  • Construction Materials:
    • Stucco
  • Garageyn:
    • N
  • Property Subtype:
    • Multi Family
  • Property Type:
    • Commercial
  • Roof:
    • See Remarks
  • Frontage:
    • 22.86M 75`0"
  • Lot Features:
    • Back Lane
    • Near Public Transit
  • Heating:
    • Forced Air
    • Natural Gas
  • Access:
    • Lane
    • Paved Road
  • Zoning:
    • M-C1
  • Title:
    • Fee Simple
  • Bathrooms Total Integer:
    • 0
  • Building Area Total:
    • 6912.00
  • County Or Parish:
    • Calgary
  • Foundation Details:
    • Other
  • Listing Contract Date:
    • 2021-03-17
  • Listing Key:
    • 62196117
  • Lot Size Acres:
    • 0.26
  • Lot Size Square Feet:
    • 11253
  • Parking Total:
    • 7
  • Structure Type:
    • Townhouse
  • Subdivision Name:
    • Bowness
Neighborhood info courtesy of Homes.com © 2021
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Leslie Chan
Leslie Chan
Associate
#222, 4625 Varsity Dr NW Calgary AB T3A 0Z9
51.09177 -114.19837

4524 75 Street NW Calgary, AB T3B 2M9

290804108 51.09177 -114.19837 806 /listing/290804108-150112678/4524-75-street-nw-calgary-ab-t3b-2m9 False 0 1295000.0 6912 105 A1082290 False
  • $1,295,000
  • 6,912 sqft
  • 11,253 lot