Calgary, AB T3A1P6,2003 5 AVE NW
Calgary, AB T3A1P6,2003 5 AVE NW
Calgary, AB T3A1P6,2003 5 AVE NW
Calgary, AB T3A1P6,2003 5 AVE NW
Calgary, AB T3A1P6,2003 5 AVE NW
Calgary, AB T3A1P6,2003 5 AVE NW
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$1,169,000

$1,169,000

Est.Price: ?

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Est. payment /mo

8 Beds

4 Baths

1,620 SqFt


SOLD DATE : 07/14/2023

Key Details

Sold Price $1,169,000

Property Type Multi-Family

Sub Type Full Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,620 sqft

Price per Sqft $721

Subdivision West Hillhurst

MLS® Listing ID A2051062

Sold Date 07/14/23

Style Bungalow,Side by Side

Bedrooms 8

Full Baths 4

Originating Board Calgary

Year Built 1957

Annual Tax Amount $5,423

Tax Year 2022

Lot Size 8,320 Sqft

Acres 0.19

Property Description

Exciting Investment Opportunity! This exceptional side-by-side duplex presents a prime prospect for investors. Situated in the heart of West Hillhurst, this property boasts four separate suites (with basements considered illegal), making it an attractive rental income-generating asset. Enjoy the convenience of walking distance to schools, parks, shopping, and more. The duplex sits on a generous 63 x 129ft (8000+ sqft) RC-2 lot, making it an excellent long-term investment or with city approval, a great opportunity to build a 2, 3, or 4plex. Each side of the duplex features upper levels with 2 bedrooms and full 4-piece bathrooms with over 3200 sqft of developed living space. The lower levels are spacious and bright, showcasing large windows and offering an additional 2 bedrooms and full 4-piece bathrooms. Each duplex side shares a laundry area, adding to the convenience for tenants. This property has been well maintained by an onsite tenant/property manager for over 20 years, ensuring that the units and the building are in excellent condition. Although the units have a dated aesthetic, they offer immense potential for updates and renovations, allowing for increased rental value with modernization. The current tenants are on short leases, providing flexibility for potential buyers. The exterior of the building is in great shape, with the added benefit of an oversized 24x28 double detached garage and gravel parking pads on either side. Contact your preferred real estate agent for more information on this remarkable investment opportunity!

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning R-C2

Direction N

Rooms

Basement See Remarks

Interior

Interior Features Open Floorplan

Heating Forced Air

Cooling None

Flooring Hardwood, Tile

Appliance Dishwasher, Garage Control(s), Gas Stove, Range Hood, Refrigerator

Laundry Lower Level

Exterior

Garage Carport, Double Garage Detached

Garage Spaces 2.0

Garage Description Carport, Double Garage Detached

Fence Partial

Community Features None

Roof Type Asphalt Shingle

Porch None

Lot Frontage 64.01

Parking Type Carport, Double Garage Detached

Exposure N

Total Parking Spaces 4

Building

Lot Description Back Lane

Foundation Poured Concrete

Architectural Style Bungalow, Side by Side

Level or Stories One

Structure Type Wood Frame,Wood Siding

Others

Restrictions None Known

Tax ID 76425653

Ownership Private

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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

+1(403) 585-6908

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by CIR Realty
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