11440 Elbow DR SW, Calgary, AB T2W2E6
11440 Elbow DR SW, Calgary, AB T2W2E6
11440 Elbow DR SW, Calgary, AB T2W2E6
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Alankar Ghimire

Alankar Ghimire

+1(403) 816-9431
$1,150,000
Est. payment /mo
2,472 SqFt
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Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2472.58

Square Footage 2,472 sqft

Price per Sqft $465

Subdivision Southwood

MLS Listing ID A2326477

Style Attached-Up/Down,Bungalow

Year Built 1973

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 4 plex

Property Description

**LEGAL,PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED**

Exceptional opportunity to own a legal,purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained,turnkey investment property features four self-contained 3-bedroom units,each with a private entrance,walk-out lower level,in-suite laundry,separate utilities,and individual metering—offering an attractive,low-maintenance investment for both seasoned and first-time investors.

Each suite is equipped with its own dedicated furnace,hot water tank,full-size washer and dryer,and six newer appliances,all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants.

The property includes four assigned parking stalls,each with an electrical plug-in,plus two visitor parking stalls.

Conveniently located with excellent access to public transportation,the #37 City Bus stops just outside the property,while Anderson LRT Station is only four blocks away. Schools,shopping,parks,and everyday amenities are all just minutes from the doorstep,making this a highly desirable location for tenants.

Proudly self-managed by the current owner,this property generates $67,200 in annual rental income. Two units are secured with one-year leases,while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy,as well as another long term tenant is also on a month to month tenancy providing stable cash flow and simplified property management. All units are in good clean condition.

A rare opportunity to acquire a fully leased,income-producing multi-family property in an established,high-demand rental location.

Location

Province AB

County Cal Zone S

Community Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Area Cal Zone S

Zoning MR

Direction SW

Rooms

Basement Walk Out, Full, Finished

Interior

Interior Features Ceiling Fan(s), Granite Counters, Laminate Counters, No Smoking Home, Separate Entrance, Vinyl Windows, Wood Windows

Heating Forced Air, Natural Gas

Cooling None

Flooring Laminate, Tile, Vinyl Plank

Inclusions 4 Fridges, 4 Stoves, 4 Dishwashers, 4 Microwaves, 4 Washers, 4 Dryers, 4 Furnaces, 4 Hot water Tanks

Fireplace No

Appliance Dishwasher, Dryer, Electric Stove, Gas Water Heater, Refrigerator, Washer, Window Coverings

Laundry In Unit

Exterior

Exterior Feature Private Entrance

Parking Features Additional Parking, Alley Access, Asphalt, Assigned, Guest, Off Street, Plug-In, Stall

Fence Fenced

Community Features Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Water Access Desc Public

Roof Type Rolled/Hot Mop

Porch Patio, See Remarks

Total Parking Spaces 6

Garage No

Building

Lot Description Back Lane, Few Trees, Interior Lot, Level, Low Maintenance Landscape, Rectangular Lot, Street Lighting

Dwelling Type Four Plex

Story One

Foundation Poured Concrete

Water Public

Architectural Style Attached-Up/Down, Bungalow

Level or Stories One

New Construction No

Others

Restrictions Non-Smoking Building,Pets Allowed,Rental

Pets Allowed Yes

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Listed by Comox Realty

NEARBY SCHOOLS & PROPERTIES

Alankar Ghimire

Alankar Ghimire

Agent | License ID: LIC-00511115

+1(403) 816-9431

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