526 & 528 56 Avenue SW Calgary, AB T2V0G7
Listing Courtesy of: PILLAR 9 - IDX / eXp Realty
$1,999,000

  526 & 528 56 Avenue SW Calgary, AB T2V0G7

Active (7 Days)

Description

EXCEPTIONAL INVESTMENT OPPORTUNITY FOR POSITIVE CASH FLOW AND LAND APPRECIATION POTENTIAL! Welcome to this well maintained 4-plex in the heart of Calgary, offering not only a reliable income stream but also the potential for substantial long-term market appreciation. The property comprises of four upright 2-storey units, each equipped with its own separate heating system. Each unit provides spacious two-bedroom living spaces on the second floor, complete with ensuite 4-piece bathrooms at each bedroom for maximum tenant comfort. The front two units feature charming private front porches, while the rear two units offer enclosed concrete patios for outdoor enjoyment. Located mere steps from Calgary's premier shopping destination, Chinook Centre, and a short walk from the C-train station, this property boasts unparalleled convenience to Macleod Trail's bustling dining and entertainment scene. Additionally, it's situated adjacent to a K-12 school, enhancing its appeal to a wide range of renters. What sets this investment apart is its exceptional combination of positive cash flow and outstanding market appreciation potential.
The property already generates substantial monthly income, and with current market rents for these units on the rise, the positive cash flow has potential to grow. Furthermore, as Calgary's real estate market continues to flourish, the value of this land is poised for significant appreciation.
Whether you're an experienced investor or looking to enter the market, don't miss this opportunity to invest in a cash-flowing property while benefiting from substantial long-term market appreciation in one of Calgary's most coveted neighborhoods!

MLS®:
A2080668
Lot Size
6,006 SQFT
Type
Multifamily
Year Built
2004
Style
2 Storey
Bathroom Details
Interior Features
  • Appliances : Washer/Dryer
  • Appliances : Refrigerator
  • Appliances : Range Hood
  • Appliances : Electric Range
  • Appliances : Dishwasher
Subdivision
  • Windsor Park
Lot Information
  • Rectangular Lot
  • Near Shopping Center
  • Back Lane
Property Features
  • Fireplace: Total Fireplace(s) : 3 Electric
  • Foundation: Poured Concrete
Heating and Cooling
  • Natural Gas
Basement Information
  • Full
  • Finished
Flooring
  • Laminate
  • Carpet
Exterior Features
  • Roof: Asphalt Shingle
Parking
  • Side by Side
  • Parking Space(s) : 5
Stories
  • 2
Living Area
  • 4,677 sqft
Location
   
Calculate drive times to this property
 

Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.