Data was last updated 2025-05-18 at 21:10:03 GMT
$1,075,000

919 32 Avenue NW   Calgary, Alberta

MLS®: A2222295
URL:    
This well-maintained and upgraded legal 4-plex investment property is strategically located in the desirable neighborhood of Cambrian Heights and minutes to Confederation Park making it an ideal opportunity for investors seeking to enhance their portfolio with multi-family housing. Each unit features separate entrances, ensuring privacy for tenants while providing a cohesive community atmosphere. The property consists of four units, 2 two-bedroom, one-bathroom units, and 2 one-bedroom units that could be converted to two bedrooms as already 2 closets, each equipped with essential amenities such as a shared laundry on each side of the complex, updated modern white kitchens, and spacious living areas. With an attractive layout and ample natural light, these units appeal to a range of tenants, from young professionals to small families. The exterior of the building boasts a low maintenance facade with well-kept landscaping and designated parking spaces for tenants plus plenty of street parking. The property is compliant with all local zoning regulations and has been certified as a legal 4-plex, ensuring that each unit is recognized as a separate dwelling for legal and financial purposes. Investing in this 4-plex not only provides a steady stream of rental income but also offers potential for appreciation in an area with high demand for rental properties. The current occupancy rate is strong, with long-standing tenants in place, minimizing turnover and vacancy risks. This property stands out due to its low maintenance needs and the fact the kitchens and bathrooms have been updated in all units. Rental income could be increased and converting the utility costs back to the tenants would improve the income return. .There are 4 gas meters and 4 electrical meters. Whether you're a seasoned investor or new to real estate, this legal 4-plex presents a unique opportunity to invest in a thriving market with solid returns. Current rents are $1400/month for 2 bedrooms, $1100/month for one bedrooms. Insurance $2756, utilities $13,300, Property Tax $4,702.42, Repair and Maintenance $1,837(2024)

Listing Information

Prop. Type:
4 plex
Property Style:
Attached-Side by Side
Status:
Active
City:
Calgary
Neighbourhood:
Cambrian Heights
Area:
Calgary
Province:
Alberta
MLS® Number:
A2222295
Listing Price:
$1,075,000

General Information

Year Built:
1958
Total Square Feet:
2038ft2

Additional Information

Basement Dev:
Separate/Exterior Entry, Full, Suite
Parking:
Alley Access, Off Street, On Street, See Remarks

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Location


Puma Banwait
CENTURY 21 BAMBER REALTY
1612 - 17 AVE SW, Calgary, Alberta
Office: 403-660-6363
Mobile: 403-660-6363
Fax: 403-366-3758
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.