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$ 3,495,000
Est. payment | /mo
1,322 SqFt
$ 3,495,000
Est. payment | /mo
1,322 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1322
Square Footage 1,322 sqft
Price per Sqft $2,643
Subdivision Bowness
MLS® Listing ID A2334679
Year Built 2024
Lot Size 8,955 Sqft
Acres 0.20559168
Property Sub-Type Freehold
Property Description
WELCOME TO ONE OF CALGARY'S MOST EXCITING MULTI-FAMILY INVESTMENT OPPORTUNITIES! This exceptional 2024-built 6 plex townhome development offers the rare combination of strong cash flow with a 5.45% CAP RATE, premium construction, assumable CMHC financing & outstanding long-term appreciation potential in the rapidly growing community of Bowness.Situated on a large 181' x 88' lot, this TURNKEY investment is FULLY LEASED and available for immediate possession, generating an impressive $218,388 in annual rental income. Even better, tenants pay their own utilities, helping keep operating costs low while maximizing returns.Unlike traditional apartment-style buildings, this development consists of 6 INDIVIDUAL TOWNHOMES with no basement suites and no units stacked above or below, providing tenants with greater privacy, quieter living and a true residential feel. This unique design has resulted in consistently strong demand and full occupancy since completion.The property includes 5 two-bedroom townhomes, each offering approximately 1,322 sq.ft., plus 1 spacious three-bedroom townhome with approximately 2,046 sq.ft. Every home features 2.5 bathrooms. The five two-bedroom units include a main-floor office/den, while the larger unit offers premium appliances, upgraded QUARTZ and a main-floor bedroom, creating flexible layouts that appeal to a wide range of tenants.Designed with quality and functionality in mind, every townhome showcases modern finishes and bright open-concept living spaces. Beautiful kitchens seamlessly connect to the dining and living areas, creating the perfect setting for everyday living and entertaining. Features include durable luxury vinyl plank flooring, granite countertops, stainless steel appliances, full-height cabinetry, stylish tile backsplashes and spacious dining nooks. Each home also offers private decks off both the second and third floors, extending the living space outdoors.Every unit includes its own ATTACHED GARAGE plus an additi onal driveway space, another feature that continues to attract quality long-term tenants.This project was approved through the CMHC MLI Select Program, and a qualified purchaser has the opportunity to assume the existing mortgage at an attractive 4.9% interest rate (subject to lender approval), providing a significant financing advantage.Located just minutes from downtown, the Bow River pathway system, parks, shopping, restaurants, Canada Olympic Park, the University of Calgary and Foothills Hospital, Bowness continues to be one of Calgary's most desirable and rapidly evolving communities.A fully occupied, purpose-built six-plex of this quality is an exceptionally rare offering. Whether you're expanding an investment portfolio or acquiring a premium income-producing asset, this outstanding property delivers immediate cash flow, exceptional tenant appeal and outstanding long-term value. (id:24570)
Location
State AB
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
View Y/N No
Attached Garage Yes
Total Parking Spaces 11
Garage Yes
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by Real Broker
Nearby Locations
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