MAJOR PRICE REDUCTION of $445,000. . . . $151,000 LESS THAN ASSESSMENT. . . . .7 UNIT TOWNHOUSE COMPLEX strata titled with 7 individual titles. Record LOW interest rates. UPSIDE TO RISING RENTS. Unit 1 rented for $1.050/month. Now asking $1,195/mo for unit 4. All units are 2 bedrooms, 2 level, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Low expenses as no common areas. Always full as affordable rents. Current rent roll is $6,685/month or $80,220 annually. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783, CAP RATE 5.4% with 3% vacancy and 3% maintenance. PERFECT FOR AN INVESTOR. Major developments including Greenwich and Real Canadian Superstore. 1/2 block to newly purposed Bowness High School with its elite athletes program. MAJOR upgrades to Bowness, Beaumont and Shouldice PARKS. Close to FOOTHILLS HOSPITAL and the ALBERTA CHILDRENS' HOSPITAL. Large lot. QUICK CLOSING for an ASTUTE INVESTOR.
Electricity Purchaser to Verify
Back Lane, Near Shopping Center, Level, Street Lighting, Near Public Transit
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Listing information last updated on October 25th, 2020 at 12:45pm MDT.