203 42 Avenue SW
Calgary, Alberta
MLS® A2348856
$1,175,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2348856
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- 1961
Listing description
RARE INVESTMENT OPPORTUNITY IN PARKHILL! Situated on an oversized 6,800+ sq ft lot in one of Calgary's most sought after inner city communities, this full duplex offers exceptional holding income today with tremendous future upside. Each side features a spacious 3 bedroom upper suite and a 1 bedroom illegal basement suite, creating four income generating units in total.
This property has experienced strong tenant demand with minimal vacancy over the years, making it an attractive opportunity for investors seeking reliable cash flow in a premier inner city location. Unit 203A (3 Bedroom, 1 Bathroom) has been recently updated with new stainless steel appliances. Whether you're looking to renovate, hold as a long-term investment, or redevelop, the possibilities are endless.
Located just minutes from downtown, stampede park, and the amenities along Macleod Trail, this property offers unmatched convenience with easy access to transit, shopping, dining, and major commuter routes. Opportunities like this are rare. You could live in one unit and rent the other 3 units, or hold this property as a 4 unit rental building.
This property combines immediate income with exceptional redevelopment potential. A true opportunity to secure long term value in Parkhill!
Property summary
- MLS® number
- A2348856
- Property type
- Multi-family
- Size
- 2,684 sq ft
- Title
- Freehold
- Land size
- 636 square meters
- Built in
- 1961
- Annual property taxes
- $4,968.00
- Parking
- 4 spaces · Attached Garage
- Days on market
- 2 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Tile, Hardwood, Laminate, Linoleum, Vinyl Plank
- Appliances
- Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
- Exterior features
- Stucco
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,175,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX Innovations, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.