$1,095,000

Residential · MLS® A2257445
4Bedrooms
2Bathrooms
853Sq Ft
2Garage
1954Year Built
02 / Overview

PROPERTY OVERVIEW

Tremendous opportunity. Located on a quiet street in desirable Parkdale and close to downtown, SAIT, University of Calgary, Children's Hospital. Over 6800 square foot lot is zoned RCG with plans submitted for future 4-plex development, complete with legal suites and garage coverage for each unit. All four units would come in around 1900 square feet with an average of 500 square feet for the legal suites. The seller is providing a preliminary package for the buyer's use on this particular...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area853 sq ft
Lot Size6,802 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingNone
ParkingDouble Garage Detached • Off Street • RV Access/Parking
ExteriorPrivate Yard
BasementFull
Year Built1954
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$3,159After mortgage & expenses
Cap Rate1.0%Based on market rents
Cash on Cash Return-17.3%With 20% down payment
Est. Monthly Rent$1,693Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

PARKDALE

Moderate Investment
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Investment Score71/100
Avg Home Price$1.0M
Active Listings19
Listed by Christopher Marshall · RE/MAX House of Real Estate