INVESTOR ALERT! Welcome to a prime investment opportunity in Huntington Hills on a corner lot! This 6-plex offers a lucrative venture for an investor. Four 2 bdrm, one 1bdrm. and one 3 bdrm unit. Each unit features its own private entry, eliminating common hallway areas and ensuring tenant privacy. Currently, the rental rates are below market value, presenting a significant opportunity for rent increases. Projected future rents gross rent of $9600, with potential for even greater returns. The current rent is $ 9450. Tenants pay water, gas, and electric expenses, and all units are independently metered. The only monthly cost related to utilities is the garbage removal / recycling averaging just under $294 per month in 2023. Newer roof replaced in October 2021. All units have a balcony and a dedicated parking stall have a plug in. 6 washer and dryer, 6 fridges, stoves, 6 hood fans, 6 fridges are included. Good size bedrooms and a 4 pc.bath is located on the lower level. Low annual maintenance costs. Some long term tenant Convenient location for access to public transportation to downtown, walking distance to two elementary schools., parks, and shopping malls. Easy turn key investment property.More details
UPDATE: The build is coming along at a very quick pace. we are now setting up full tours of the property. Brand new development. This is a superb rental property situated in a prime NW Montgomery location. The property features 5 - two bedroom townhouse style units and 4 - studio apartments within 9 separate municipal addresses. There are 5 oversized attached single car garages providing an excellent mix of parking and storage to the luxurious townhouse units. Additional features include 2.5 baths. Built in Murphy beds in the studio apartments and onsite bike storage. The retail and bus routes across the street offer tenants great services within feet of the front door. Floor plans with measurements along with proforma income projections are available in supplements. City of Calgary confirmation of new addressing is also available in supplements. Because this project is still under construction we respectfully request that no one go onto the property without first confirming that there will be a representative there to tour the property with you. Given the affordable studio suites included in this project we believe it will be a perfect candidate for the CMHC MLI Select program.More details