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2030 8 Avenue Se Calgary, Alberta T2G 0N8

1 Bedroom 1 Bathroom 3844 sqft
Bungalow None Forced Air Lawn

$849,000

Sweet buy and hold investment property! This is a legal four-plex (legalization is in progress, just waiting on the final inspections), it has four large two-bedroom suites in great condition and two single garages for great cash flow and very high ROI, plus it's on prime redevelopment land on the quiet side of Inglewood. Collect 55k in rent annually for a 6% cap rate! Surrounded by parkland and right on the Bow River, this little five-block neighborhood is one of the most sought-after in the city; these are the deep double lots where owners are building huge single-family mansions instead of the two infill standard. Ideally located close to transit and downtown, the Deerfoot Trail and the Blackfoot Trail, these suites are always rented; not one of these suites was vacant for even a single month from 2012 to 2020! More than 3800 total square feet, big kitchens with dishwashers, private laundry rooms in each suite, and big windows in the raised basements make these very attractive to prospective tenants. Current rents are $1160 for the upper east, $960 for the lower east, and $200 and $170 for the single garages. The tenants pay all the utilities directly, two suites are vacant and clean for easy showings. (id:26237)

Property Details

MLS® Number A1084450
Property Type Single Family
Community Name Inglewood
Amenities Near By Park, Playground
Features No Smoking Home, Level
Parking Space Total 4
Plan 5236r
Structure None

Building

Bathroom Total 1
Bedrooms Above Ground 1
Bedrooms Total 1
Appliances Refrigerator, Dishwasher, Stove, Washer & Dryer
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1976
Construction Material Wood Frame
Construction Style Attachment Attached
Cooling Type None
Flooring Type Carpeted, Linoleum
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 3844 Sqft
Total Finished Area 3844 Sqft

Parking

Detached Garage 2
Other

Land

Acreage No
Fence Type Fence
Land Amenities Park, Playground
Landscape Features Lawn
Size Irregular 603.00
Size Total 603 M2|4,051 - 7,250 Sqft
Size Total Text 603 M2|4,051 - 7,250 Sqft
Zoning Description R-c2

Rooms

Level Type Dimensions
Upper Level 4pc Bathroom .00 Ft x .00 Ft
Upper Level Primary Bedroom 10.58 Ft x 12.00 Ft

https://www.realtor.ca/real-estate/23051998/2030-8-avenue-se-calgary-inglewood

Interested?

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Robert Vanovermeire
Broker of Record

(403) 870-8704
www.viewcalgaryareahomes.com/

Coldwell Banker Mountain Central
4620 Macleod Trail South
Calgary, Alberta T2G 5E8

(403) 775-6950
(403) 451-1667
www.coldwellbanker.ca

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