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Deanna McFarlane

realestatebydea@gmail.com +1(403) 919-0679

$ 2,800,000

Est. payment | -/mo

5,276 SqFt

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$ 2,800,000

Est. payment | -/mo

Save

5,276 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,276 sqft

Price per Sqft $530

Subdivision West Hillhurst

MLS Listing ID A2314809

Year Built 2022

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Multi Family

Property Description

INVESTORS! Unique residential + rental income! A 3 storey on one side + 4 legal suites on the other. An exceptional opportunity to own a newly built (2022) purpose-built rental property in the highly desirable community of West Hillhurst. Offering 5 residential units across 5,276 sq. ft. of above-grade living space,this turnkey asset combines strong in-place income with immediate value-add potential. Priced at $2,800,000,reduced from $3,188,000,the property features a luxurious 3 level attached home and FOUR legal income-generating suites. The proforma projects $119,375 in annual gross potential income with a modest 5.4% vacancy allowance,resulting in Year 1 effective rental income of $112,938 and a stabilized NOI of $74,890. Total operating expenses are estimated at just $38,048 annually,representing an efficient 33.7% expense ratio attributable to the property's recent 2022 construction,modern building systems,and energy-efficient design. An immediate value-add opportunity exists through the lease-up of the currently vacant Unit 201 (584 SF). Marketed at $1,750 per month,this suite has the potential to generate approximately $21,000 in additional annual gross revenue. Additional features include four legal suites with private entrances,in-suite laundry,dedicated storage,and secure underground parking,plus a rare six-stall heated underground parkade. Ideally located minutes from downtown,Kensington,the Bow River pathway system,Foothills and Children's Hospitals,parks,schools,and countless amenities,this is a premier inner-city investment added to your portfolio.

Location

Province AB

County Cal Zone Cc

Area Cal Zone Cc

Zoning M-C1

Direction NW

Interior

Inclusions The main building consists of the following: 1 A/C unit, 1 Gas stove/Electric, 1 Dishwasher, 1 x Fridge/freezer, W/D, Microwave, and all window coverings. The other 4 units consist of the following: 4 x dishwashers, 4 x electric stoves, 4 x microwaves, 4 x refrigerators, 4 x washers and dryers

Fireplace No

Exterior

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

Listed by Real Broker

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 919-0679

realestatebydea@gmail.com

#210 7015 Macleod Trail

2226 Westmount RD NW Calgary, AB T2N 3N4

Deanna McFarlane

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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2226 Westmount RD NW