948 31 Avenue NW
Calgary, Alberta
MLS® A2351440
$1,250,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2351440
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1958
Listing description
Capitalize on a turnkey, revenue-generating INCREDIBLE investment property. This full duplex features 4 fully legal suites that currently collectively generate over $8,000 / month in gross rental income, backed by an exceptional tenant profile & strong leases. Within the last 5 years, the property has undergone nearly $200,000 in comprehensive capital renovations.
Major upgrades include two high-end basement legalizations (to make legal suites), updated mechanical systems (3 furnaces & water heater), a newer roof, energy-efficient windows, fresh exterior aesthetics, and optimized outdoor amenities featuring private fenced yards and graded four-car parking. Spanning over 3,300 sq ft across 7 bedrooms and 4 bathrooms, the complex already has excellent tenants in place. Its positioning just one block from Confederation Park & minutes from downtown ensures perpetual high demand and minimal vacancy.
With all major heavy lifting completed, this self-managed asset presents a seamless, high-yield expansion opportunity for any real estate portfolio.
Property summary
- MLS® number
- A2351440
- Property type
- Multi-family
- Size
- 1,898 sq ft
- Title
- Freehold
- Land size
- 557 square meters
- Built in
- 1958
- Annual property taxes
- $7,048.00
- Parking
- 4 spaces · Parking Pad, Other
- Days on market
- 2 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Carpeted, Ceramic Tile, Vinyl
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave Range Hood Combo, Hood Fan, See remarks, Window Coverings
- Exterior features
- Brick, Wood siding
- Lot features
- Back lane, PVC window
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,250,000 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 Royal LePage Benchmark, 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.