Address
4524 75 Street NW Calgary, AB
Price
$ 1,295,000
Property Attributes
  • ID#A1082290
  • TypeCondos
  • CityCalgary
  • NeighbourhoodBowness
  • Postal CodeT3B 2M9
  • Style
  • Price$ 1,295,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6912
  • Lot Size11,253 SqFt
Listing Provided Courtesy Of:
RE/MAX REAL ESTATE (CENTRAL)
Data Source:
Canadian Real Estate Association
Property Description

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. (id:7434)

General Features

Building Cooling Type None
Building Type Multi-Family
CommunityName Bowness
Features Back lane, Lane
Foundation Type See Remarks
Maintenance Fee 0.00
More Information Link https://www.realtor.ca/real-estate/22943064/4524-75-street-nw-calgary-bowness
Property Type Other
Road Type Paved road
Zoning Description M-C1

Interior Features

Basement Type Unknown
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Forced air

Exterior Features

Exterior Finish Stucco
Parking Space Total 7

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T3B 2M9

Price
AVG $420K
$1.3M
Visits
AVG 7
15
Year Built
AVG 1977
1972