I have listed a new property at 1630 12 AVENUE SW in Calgary.
Investor alert! This renovated 2 1/2 storey home located in Sunalta features 4 LEGAL, non-conforming, suites providing a strong and reliable rental revenue stream. This turn of the century building was substantially upgraded with all city permits, but maintains an abundance of original charm and character. Each suite has its own independent heating and ventilation system, and control along with upgraded electrical, smoke/CO alarms, fire rated drywall between units and egress windows. New high efficiency hot water boiler, hot water tank and electrical & plumbing fixtures, as well as new windows throughout leads to very minimal operating costs. Seller has documented all renovations and permit completions. In 2020, the property grossed $50,000 of rental income and is forecasted to gross +$53,000 in 2021 . Shared laundry in the basement but otherwise remains undeveloped and provides the opportunity for the right purchaser to complete one more suite in the basement with city approval, increasing the revenue return. The home has been done with modern finishings, new appliances, cabinets and paint. Very esthetically pleasing and attention to detail. Home features vinyl flooring, new carpet, sleek modern decor, all separate entries and 4 permanent parking stalls in the back. Very conveniently located near public transportation; across the street from the bus stop and 1.5 blocks away from Sunalta LRT. As an added bonus, with the right offer the seller will leave ALL the furnishings and potential for lease take over if the new purchase so desires. A turn key investment opportunity like this home does not come around often so don't miss your chance to own it!