$295,000
$299,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
1,069 SqFt
SOLD DATE : 09/18/2023
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,069 sqft
Price per Sqft $275
Subdivision Hearthstone
MLS® Listing ID A2071443
Sold Date 09/18/23
Style Back Split,Bi-Level
Bedrooms 6
Full Baths 2
Originating Board Central Alberta
Year Built 1988
Annual Tax Amount $2,689
Tax Year 2023
Lot Size 3,000 Sqft
Acres 0.07
Property Description
Welcome to this exceptional listing! A meticulously maintained full 1988 duplex presents an outstanding opportunity for astute investors and those seeking mortgage assistance. With both units fully rented, this property offers an exceptional chance to generate consistent rental income. The convenience and comfort of each unit are highlighted by three bedrooms, providing ample space for occupants.
Each unit boasts 534 sq/ft on the upper level and approximately 536 sq/ft on the lower level. The primary bedrooms in both units include walk-in closets, offering convenient storage solutions.
Recent upgrades within the past five years encompass new vinyl siding, shingles, and decks for both units, enhancing the overall durability and aesthetics of the property. Additionally, two new high-efficiency furnaces were installed in 2020, ensuring optimal heating and energy efficiency. Each unit also features a new fireplace, contributing to the cozy ambiance.
The property comes complete with updated appliances installed in 2020, ensuring modern conveniences for tenants or future occupants. The fully rented units provide an attractive investment opportunity with a cap rate of about 5.27%. Both long-term tenants express interest in remaining, offering stability and consistent rental income for potential investors.
This duplex is a prime investment choice, offering a solid return with tenants eager to stay. Whether you're an investor seeking reliable cash flow or an individual looking for a property to help with mortgage payments, this listing caters to both needs. Don't miss out on this exceptional opportunity to see the potential that this duplex holds!
Location
Province AB
County Lacombe
Zoning R2
Direction W
Rooms
Basement Finished, Full
Interior
Interior Features Laminate Counters, Separate Entrance, Vinyl Windows, Walk-In Closet(s)
Heating High Efficiency, Fireplace(s), Forced Air, Natural Gas
Cooling None
Flooring Carpet, Linoleum
Fireplaces Number 2
Fireplaces Type Family Room, Gas, Mantle, Metal
Appliance Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer
Laundry Laundry Room, Main Level
Exterior
Garage Alley Access, Off Street, On Street, Parking Pad, Plug-In
Garage Description Alley Access, Off Street, On Street, Parking Pad, Plug-In
Fence None
Community Features Airport/Runway
Roof Type Asphalt Shingle
Porch Deck
Lot Frontage 30.0
Parking Type Alley Access, Off Street, On Street, Parking Pad, Plug-In
Exposure W
Total Parking Spaces 4
Building
Lot Description Back Lane, Few Trees, Front Yard, Lawn, No Neighbours Behind, Street Lighting, Rectangular Lot
Foundation Wood
Architectural Style Back Split, Bi-Level
Level or Stories Bi-Level
Structure Type Concrete,Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 83994405
Ownership Private
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