Price Reduction
Listing Provided Courtesy Of:
COLDWELL BANKER MOUNTAIN CENTRAL
Address
2030 8 Avenue SE Calgary, AB
Price
$ 849,000
Property Attributes
  • ID#A1084450
  • TypeSingle Family
  • CityCalgary
  • AreaCalgary - Zone CC
  • NeighbourhoodInglewood
  • Postal CodeT2G 0N8
  • StyleBungalow,Side by Side
  • Price$ 849,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage3844
  • Lot Size6,491 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER MOUNTAIN CENTRAL
Data Source:
Pillar 9 MLS System
Property Description

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.

Price History
4/12/2021 Listed $899,000
5/31/2021 6% - $849,000

General Features

Arch Style Bungalow, Side by Side
Basement Finished, Full
Community Features Park, Schools Nearby, Playground, Sidewalks, Street Lights, Shopping Nearby
Condo Type Not a Condo
Construction Materials Wood Frame
Cooling None
District CAL Zone CC
Flooring Carpet, Linoleum
Heating Forced Air, Natural Gas
Parking Total 4
Property SubType Duplex
Property Type Residential
Roof Asphalt Shingle
Structure Type Duplex
Subdivision Name Inglewood
Suite Suite - Illegal
Transaction Type For Sale
Zoning R-C2

Interior Features

Bedrooms Above Grade 1
Below Grade Finished Area 1658.72
Building Area Total Metres 0.00
Building Area Total Sf 0.00
Common Walls 1 Common Wall
Entry Level 1
Full Baths 1
Interior Features No Smoking Home, Separate Entrance, Storage
Laundry Features In Unit
Main Level Areas SquareFeet
Main Level Finished Area 1922.00
Main Level Finished Area Metres 178.56
Main Level Finished Area Sf 1922.00
Main Level Finished Area Srch Sq 1922.00
Total Baths 1
Total Bedrooms 1

Exterior Features

Public Remarks Sweet buy and hold investment property! This is a legal four-plex (legalization is in progress, just waiting on the final inspections)
Building Area Total 0.00
Exterior Features None
Fencing Fenced
Foundation Poured Concrete
Frontage Length 15.23M 50`0
Garage Y/N Yes
Inclusions Four fridges, four stoves, four dishwashers, four washing machines and four dryers. Also snow shovel, lawnmower and weed whacker.
Lot Description Back Yard, Lawn, Low Maintenance Landscape, Level, Rectangular Lot
Lot Size Acres 0.15
Parking Features Double Garage Detached, Off Street
Patio And Porch Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T2G 0N8

Price
AVG $850K
$850K
Visits
AVG 254
254
Year Built
AVG 1976
1976
Walkscore
AVG 34
34
Data Provided by Walkscore ® not using MLS data