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ERLTON

2629 Erlton Street Sw, Calgary, AB

$1,950,000

Residential · MLS® A2225081
9Bedrooms
5Bathrooms
3,061Sq Ft
2Garage
1913Year Built
02 / Overview

PROPERTY OVERVIEW

Developers!! Investors!! This exceptional, unique property is now available. Consisting of 4 lots / 2 houses over almost 10,000 square feet of prime, inner-city land in coveted Erlton. This rare, huge property consisting of 2 current structures (4 occupied suites) may be redeveloped in any number of ways. This amazing property backs onto forest land then the Elbow River below. Clear titles and (non-compliant ) RPR are available. This remarkable property/ location is solid gold. Truly a once in a...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area3,061 sq ft
Lot Size9,999 sq ft
ZoningS-UN
HeatingForced Air
CoolingNone
ParkingDouble Garage Detached • Off Street
ExteriorGarden • Other • Private Entrance • Private Yard
BasementOther
Year Built1913
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$5,439After mortgage & expenses
Cap Rate1.1%Based on market rents
Cash on Cash Return-16.7%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

ERLTON

Moderate Investment
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Investment Score72/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Rick Sadleir · CIR Realty