715 5 Street Ne, Calgary

$1,200,000

0 Beds
0 Baths
2,384 Sqft
.14 Acres
0 Garages

Excellent investment opportunity in the established community of Renfrew, just minutes from downtown Calgary. 50 x 120 M-C2 lot with views of downtown. This property features four identical bilevels (A through D). Rare 3-bedroom units are easy to rent! Recent updates include all furnaces in 2018, updated kitchens, and tile and vinyl flooring in most units within the last 10 years, the property has vinyl windows and newer doors but the age is unknown. The main floor of each unit features a bright, open layout with vaulted ceilings, a spacious living room with a wood burning fireplace, a separate dining area, and a well-designed kitchen. The lower levels offer 3 bedrooms, a 4 piece bathroom, and a laundry + mechanical room. Vinyl plank flooring and tile provide durability and easy maintenance throughout. This is an excellent opportunity to own a well-located income property close to downtown Calgary with lots of future potential. Separate utility meters on all 4 units. Gross annual income is $80,400. Projected annual income with increased rents is 90,000.

Essential Information
MLS® #A2335405
Price$1,200,000
Square Footage2,384
Acres0.14
Year Built1971
TypeMulti-Family
Sub-Type4 plex
StyleBi-Level
StatusActive
Community Information
Address715 5 Street Ne
SubdivisionRenfrew
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2E 3W7
Amenities
Parking Spaces4
Parking

Assigned, Off Street, Parking Pad

Interior
Interior FeaturesVaulted Ceiling(s)
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull
FireplaceYes
# of Fireplaces4
Appliances

Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Window Coverings

Fireplaces

Brick Facing, Living Room, Mantle, Wood Burning

Exterior
Exterior FeaturesNone
Lot DescriptionBack Lane, Near Public Transit
RoofTar/Gravel
ConstructionBrick, Stucco, Wood Frame
FoundationPoured Concrete
Additional Information
ZoningM-C2
Listing Details
OfficeCentury 21 Masters
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