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2003 5 AVE NW Calgary, AB T3A1P6
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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
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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