Property view at 1-66 ATHENS Road , Blackfalds - Multi-Family investment property with 18,825 sqft - Photo 1 of 40 | Calgary real estate investment
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1-66 ATHENS Road

Blackfalds, Alberta T4M 0N4
MLS® A2189114271 days on marketListed Jan 20, 2025
Exclusive Offering
$8,000,000
18,825Living Space
50Garage Spaces
2017Year Built

Property Overview

INVESTORS! 25 Fully rented bi-level style townhomes in Blackfalds.

Built in 2017, these townhomes are 3 bedroom bi-level style units and come complete with stainless steel stove/fridge/dishwasher/microwave, washer, dryer, window coverings.

They all have a private rear yard fenced in vinyl fencing with a rear gravel parking pad.

All are separately titled, separately metered for utilities (tenants pay all) and could be sold individually in time.

Tenants are responsible for their own snow removal and yard care.

There is a first mortgage on the property that could be assumed if desired.

Property has been well cared for.

Balance of 10 year New Home Warranty for new owner.

This is an incredible investment with great upside potential.

Seller will carry 2nd mortgage.

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$425/sqft
Above average pricing - verify premium features

Investment Considerations

Modern Property: Good balance of modern amenities and reasonable pricing. Typically lower maintenance.
Long Market Exposure: Significant negotiation opportunity. Consider reasons for extended listing period.
Multi-Family Investment: Income diversification with multiple units. Owner-occupy opportunity to offset mortgage.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.