$990,000

Residential · MLS® A2269015
8Bedrooms
4Bathrooms
1,864.2Sq Ft
2Garage
1960Year Built
02 / Overview

PROPERTY OVERVIEW

All offer will be presented 9pm Sunday Dec 7. Build your generational wealth with an entry into multifamily ownership. For the price of a house or half-duplex, own an upgraded M-C1-zoned fourplex in highly sought-after Kingsland—turnkey and perfectly located. Steps from Chinook Centre, parks, and major transit routes, the property was rebuilt in 2019 from the concrete frame out. Each spacious 938-sq-ft, 2-bedroom unit features modern finishes, granite countertops, new appliances, energy-efficient windows, in-suite laundry, private entrances, separate meters, and...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,864.2 sq ft
Lot Size6,092 sq ft
ZoningM-C1
HeatingForced Air • Natural Gas
CoolingNone
ParkingAdditional Parking • Converted Garage
ExteriorStorage
BasementNone
Year Built1960
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$725After mortgage & expenses
Cap Rate3.6%Based on market rents
Cash on Cash Return-4.4%With 20% down payment
Est. Monthly Rent$3,662Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

KINGSLAND

Moderate Investment
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Investment Score61/100
Avg Home Price$603K
Active Listings7
Listed by Wei Chen · Datong Property Management Ltd.