$819,900

Residential · MLS® A2278789
3Bedrooms
1Bathrooms
889Sq Ft
2Garage
1957Year Built
02 / Overview

PROPERTY OVERVIEW

**Investor, Builder, Developer Alert ** Development Opportunity in Desirable Bowness – DP Approved 8-Unit 4-Plex Lot - Qualifies for MLI Select Program through the CMHC.

An exceptional opportunity awaits in the heart of Bowness! This 50 ft x 125 ft lot is being sold with an approved Development Permit (DP) in place for a thoughtfully designed 3-storey 4-plex, featuring 8 units in total – four 3-storey townhomes with upper level balconies and four 1-bedroom legal basement suites with private...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area889 sq ft
Lot Size6,243 sq ft
ZoningMC-1
HeatingForced Air
CoolingNone
ParkingOff Street
ExteriorGarden • Lighting • Other • Private Yard • Rain Gutters
BasementNone
Year Built1957
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,927After mortgage & expenses
Cap Rate1.6%Based on market rents
Cash on Cash Return-14.1%With 20% down payment
Est. Monthly Rent$1,706Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

BOWNESS

Moderate Investment
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Investment Score67/100
Avg Home Price$843K
Active Listings41
Listed by Happe Dhillon · RE/MAX Crown