1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910

multi-family

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1310 20 Avenue NW
Capitol Hill Calgary T2R 1J3

$1,140,000
Multi-Family 2,005 sq. ft. built: 1972

Main Photo: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Photo 1: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Photo 2: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Photo 3: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Photo 4: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Photo 5: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
Status:
Sold
Sold Date:
Apr 05, 2024
Listed Price:
$1,150,000
Sold Price:
$1,140,000
Sold in:
17 days
Prop. Type:
Multi-Family
MLS® Num:
A2115910
Year Built:
1972
Welcome to 1310/08 20 Ave NW, a lucrative 4-unit multifamily property ideally situated in one of Calgary’s premier rental neighborhoods - Capitol Hill. This property offers exceptional proximity to the University of Calgary, SAIT, Lions Park LRT Station, and Confederation Park. The demand for rentals in this neighborhood is exceedingly high, with not a single vacant unit in over 10 years. Each unit within this meticulously maintained property features new windows, two spacious bedrooms and a well-appointed bathroom, offering comfortable and functional living spaces for tenants. Originally designed and currently registered as a duplex with lower-level illegal suites, the thoughtful layout ensures privacy and convenience, making it an attractive choice for potential renters. Additionally, each suite is equipped with its own washer and dryer, enhancing convenience for tenants. In addition to its superb location and well-designed units, the property boasts ample parking space, including a 3-car carport and a designated parking pad, all of which can be rented out separately. Situated on a spacious 50ft lot, there is significant potential for future development, further increasing equity in this already attractive investment, especially considering the neighborhood's prevalence of infills.Managed effortlessly by a hands-off, ethical investor for the past 20 years, existing rents are well below market rates, allowing for substantial upside potential for a new buyer, as well as instant equity. Don't miss out on the opportunity to acquire this cash-flow-generating property in a highly desirable location. Whether you're an experienced investor or venturing into real estate for the first time, 1310/08 20 Ave NW offers an ideal blend of profitability and potential. Schedule a viewing today to secure your foothold in Calgary's thriving real estate market.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
30 Days / Neg
Home Style:
Bi-Level, Up/Down
Total Living Area:
2,005 sq. ft.
Taxes:
$5,362 / 2023
Tax Assessed Value:
816000.0
Lot Area:
5,995 sq. ft.
Year built:
1972 (Age: 52)
Bathrooms:
- (Full:-, Half:-)
Plan:
3150P
Structure Type:
Four Plex
Ensuite:
No
Garage:
0
Garage Spaces:
3
Parking:
Carport
Parking Places:
4.0
Parking Total/Covered:
4 / -
Capitol Hill
Dryer, Electric Stove, Refrigerator, Washer
4x Stoves, 4x Refrigerator, 4x Washer, 4x Dryer
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Mar 19, 2024
Days on Mkt:
17
  • Photo 1: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
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  • Photo 5: 1310 20 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2115910
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Listed by Hope Street Real Estate Corp.
Data was last updated April 22, 2024 at 06:05 PM (UTC)
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