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$ 850,000
Est. payment | /mo
1,000 SqFt
$ 850,000
Est. payment | /mo
1,000 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 1000.0
Square Footage 1,000 sqft
Price per Sqft $850
Subdivision Huntington Hills
MLS Listing ID A2266123
Year Built 1972
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 4 plex
Property Description
This solid 1972-built 4-plex presents an exceptional opportunity for investors looking to add value and significantly increase rental income. Each of the four spacious units is approximately 1,000 sq. ft. and features three bedrooms, one bathroom, and its own furnace and hot water tank. All the tub surrounds have been recently replaced, but the remainder of the building remains largely in original condition—offering endless potential for modernization and improved returns. Three of the four units are currently occupied, including two long-term tenants. The generous size of each suite provides the perfect canvas for interior upgrades that could dramatically enhance both appeal and revenue. Ideally situated close to major bus routes, Stoney Trail, and Deerfoot Trail, this property also offers quick access to shopping, schools, and all amenities—just minutes from downtown via Centre Street. With strong fundamentals and tremendous upside, this is a rare opportunity to transform a well-built 4-plex into a high-performing investment in a sought-after central location. 4Plex generating $4,200/month ($50,400 annually) with tenants paying all utilities — (taxes $6,072, insurance est. $3,000) and 4.86% cap rate based on $850K.” Also not factoring in 1400 for non paying tenant currently being evicted.
Location
Province AB
County Cal Zone N
Area Cal Zone N
Zoning M-C1
Interior
Inclusions 4 Fridges, 4 Stoves, 4 washers, 4 dryers
Fireplace No
Exterior
Total Parking Spaces 5
Garage No
Building
Dwelling Type Four Plex
Others
Restrictions None Known
Listed by CIR Realty
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