About 526 & 528 56 Avenue Sw
Step into the heart of Calgary with this impeccably maintained 4Plex, an incredible investment opportunity tailored for those bullish on the thriving Calgary market. Revel in a robust CAP Rate of over 5.25% with potential annual rental income exceeding $110k. Unlock additional potential of this property by exploring the possibility of condominiumization, an avenue to instantly elevate the property’s overall value. Discover the charm of each unit, crafted as an upright 2-storey home with a seamless open-concept living room and kitchen, two master bedrooms boasting their own ensuites, and a fully finished basement. Enjoy the flexibility offered by separate heating systems and electrical meters for each unit allowing for customizable utility payment structures. A parking pad at the rear ensures each unit has a designated spot, with an additional spot for visitors. Street parking in the front adds to the accessibility and convenience. Situated mere steps from Chinook Centre, Calgary's premier mall, and a short stroll to the Chinook train station, this property also offers swift access to the Macleod Trail corridor. Whether you are a seasoned investor or a newcomer to the real estate investors market, seize the opportunity to add to your portfolio with this well-maintained 4-Plex, capturing both cash flow and capital growth potential. Invest with confidence and make a smart move by scheduling a viewing to witness firsthand the investment appeal of this remarkable property!
Features of 526 & 528 56 Avenue Sw
| MLS® # | A2100191 |
|---|---|
| Price | $1,849,000 |
| Sold Price | $1,755,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,677 |
| Acres | 0.14 |
| Year Built | 2004 |
| Type | Multi-Family |
| Sub-Type | 4 plex |
| Style | 2 Storey |
| Status | Sold |
Community Information
| Address | 526 & 528 56 Avenue Sw |
|---|---|
| Subdivision | Windsor Park |
| City | Calgary |
| County | Calgary |
| Province | Alberta |
| Postal Code | T2V0G7 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Alley Access, Concrete Driveway, Parking Pad, Side By Side |
| Is Waterfront | No |
Interior
| Appliances | See Remarks |
|---|---|
| Heating | Fireplace(s), Forced Air, Natural Gas |
| Fireplace | Yes |
| # of Fireplaces | 3 |
| Fireplaces | Basement, Electric, Living Room |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Finished, Full |
Exterior
| Exterior Features | Private Entrance |
|---|---|
| Lot Description | Back Lane, Near Shopping Center, Rectangular Lot |
| Roof | Asphalt Shingle |
| Construction | Vinyl Siding |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | January 6th, 2024 |
|---|---|
| Date Sold | February 29th, 2024 |
| Days on Market | 53 |
| Zoning | DC (pre 1P2007) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | eXp Realty |
|---|