Data was last updated 2024-11-18 at 10:20:05 GMT
$995,000

9751 Elbow Drive SW   Calgary, Alberta

MLS®: A2178062
URL:    
ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | WILL INCLUDE APPROVED DP FOR 10 UNITS 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.

Listing Information

Prop. Type:
Detached
Property Style:
Bungalow
Status:
Active
City:
Calgary
Bedrooms:
3
Full Bathrooms:
2
Neighbourhood:
Haysboro
Area:
Calgary
Province:
Alberta
MLS® Number:
A2178062
Listing Price:
$995,000

General Information

Year Built:
1958
Total Square Feet:
1000ft2

Additional Information

Basement Dev:
Finished, Full
Parking:
Single Garage Detached

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Location


Bryan Logel
RE/MAX Real Estate (central)
206, 2411 4th St NW, Calgary, Alberta
Office: 403-216-1600
Mobile: 403-803-5740
Fax: 403-284-4923
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.