JV Realty

Jonathan Varkey REALTOR®

(587) 436-4289

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9751 Elbow Drive SW, Calgary, Alberta

$995,000

3 Beds
2 Baths
1,000 Square Feet

ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | APPROVED DP FOR 10 UNITS INCLUDED IN PURCHASE PRICE. PERFECT FOR PURPOSE BUILT RENTAL! | THE PERFECT PROJECT FOR CMHC- MLI SELECT FINANCING | ENJOY THE OPPORTUNITY OF AS LITTLE AS 5% DOWN + 50 YEAR AMORTIZATION = STRONG ROI!! Imagine the opportunity to build a highly sought-after, income-generating 5-plex + 5 legal basement suites in the desirable Haysboro community – a project that could deliver substantial returns while providing a fresh, modern housing option for Calgary’s rental market.This project envisions five carefully designed, upscale units, each with a fully legal, self-contained basement suite. With Calgary's rental demand on the rise, this multi-family layout offers a unique approach: dual-income streams per unit. Picture each primary suite featuring an open, inviting floor plan with three bedrooms, a high-end kitchen, and a welcoming living space, ideal for young professionals or families. Below each unit, a fully legal basement suite with a separate entrance and designated parking offers a private, one-bedroom retreat that appeals to tenants looking for affordability without sacrificing comfort.Building this 5-plex with five legal suites positions you to tap into a robust rental market in Haysboro, a community known for its proximity to transit, shopping, schools, and parks. This location enhances tenant appeal and supports long-term occupancy, which is essential for maximizing revenue.Beyond the income potential, constructing this type of property aligns with Calgary's increased demand for higher-density housing, especially in established neighborhoods. By developing this project, you'll not only be addressing a crucial housing need but also creating a valuable asset that promises both stability and growth in one of Calgary's strongest rental markets. (id:23309)

Listing ID: A2178062
Property Type: Single Family
Year Built: 1958

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Rooms

Level	Type	Dimensions
Recreational, Games room	Basement	31.00 Ft x 11.50 Ft
Storage	Basement	6.50 Ft x 6.00 Ft
Laundry room	Basement	16.00 Ft x 11.00 Ft
3pc Bathroom	Basement	6.00 Ft x 5.50 Ft
Other	Main level	16.50 Ft x 11.50 Ft
Living room	Main level	18.50 Ft x 12.50 Ft
Primary Bedroom	Main level	13.00 Ft x 11.50 Ft
Bedroom	Main level	10.00 Ft x 8.50 Ft
Bedroom	Main level	10.00 Ft x 8.00 Ft
4pc Bathroom	Main level	8.00 Ft x 5.00 Ft

Details

Architectural Style: Bungalow
Amenities Nearby: Park, Playground, Schools, Shopping
Features: Treed
Ownership: Freehold
Parking Spaces: 2
Plan: 4704HL
Transaction: For sale
Zoning Description: H-GO

Building

Appliances: Refrigerator, Dishwasher, Stove, Microwave
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Constructed Date: 1958
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: See Remarks
Exterior Finish: Stucco, Vinyl siding
Fireplace Present: True
Fireplace Total: 1
Flooring: Carpeted, Ceramic Tile, Hardwood
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Size Interior: 1000.23 sqft
Stories Total: 1
Total Finished Area: 1000.23 sqft
Type: House

Land

Amenities: Park, Playground, Schools, Shopping
Fence: Fence
Landscape Features: Landscaped
Size Frontage: 15.24 m
Size Irregular: 558.00
Size Total: 558 m2|4,051 - 7,250 sqft

Listing provided by RE/MAX House of Real Estate
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 9751 Elbow Drive SW in Calgary Ontario. It was last modified on November 8th, 2024. Contact Jonathan Varkey to schedule a viewing or to discover other Calgary real estate for sale.

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