INVESTORS! Unique FIVE-PLEX, excellent rental income! A 3 STOREY TOWNHOME on one side and FOUR LEGAL suites on the other. An exceptional opportunity to own a newly built (2022) purpose-built rental property in the highly desirable community of West Hillhurst. Offering 5 residential units across 4,945 sq. ft. of above-grade living space, this turnkey asset combines strong in-place income with immediate value-add potential. PRICED TO SELL, the property features a luxurious 3 level attached home and FOUR legal income-generating suites. The proforma projects $119,375 in annual gross potential income with a modest 5.4% vacancy allowance, resulting in Year 1 effective rental income of $112,938 and a stabilized NOI of $74,890. Total operating expenses are estimated at just $38,048 annually, representing an efficient 33.7% expense ratio attributable to the property's recent 2022 construction, modern building systems, and energy-efficient design. An immediate value-add opportunity exists through the lease-up of the currently vacant Unit 201 (584 SF). Marketed at $1,750 per month, this suite has the potential to generate approximately $21,000 in additional annual gross revenue. Additional features include four legal suites with private entrances, in-suite laundry, dedicated storage, and secure underground parking, plus a rare six-stall heated underground parking. Ideally located minutes from downtown, Kensington, the Bow River pathway system, Foothills and Children's Hospitals, parks, schools, and countless amenities, this is a premier inner-city investment added to your portfolio. (id:61582)
| MLS® Number | A2314809 |
| Property Type | Multi-family |
| Community Name | West Hillhurst |
| Parking Space Total | 6 |
| Plan | 1197fw |
| Constructed Date | 2022 |
| Size Exterior | 4945 Sqft |
| Size Interior | 4,945 Ft2 |
| Total Finished Area | 4945 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Irregular | 412.00 |
| Size Total | 412 M2|4,051 - 7,250 Sqft |
| Size Total Text | 412 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c1 |
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