Active

BOWNESS

8611 47 Avenue Nw, Calgary, AB

$1,250,000

Residential · MLS® A2281590
3Bedrooms
1Bathrooms
881.8Sq Ft
2Garage
1954Year Built
02 / Overview

PROPERTY OVERVIEW

DP APPROVED 10 PLEX MIXED BUILDING ALREADY APPROVED BY CITY. BUILD YOURSELF OR JOINT VENTURE THIS PRIME LOCATION NEXT TO COMMERCIAL IN BOWNESS . MU-2 ZONED 50X120 LOT.. OLDER BUNGALOW IS RENTED AT PRESENT. BUILD/HOLD INVESTMENT . OFFERS!!!!! LET'S TALK DEVELOPERS!!BUILDERS!! INVESTORS!!

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area881.8 sq ft
Lot Size5,995 sq ft
ZoningMU-2 f3.0h16
HeatingForced Air • Natural Gas
CoolingNone
ParkingOff Street
ExteriorPrivate Yard
BasementPartial
Year Built1954
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$3,827After mortgage & expenses
Cap Rate0.8%Based on market rents
Cash on Cash Return-18.4%With 20% down payment
Est. Monthly Rent$1,693Based 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 Score68/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Jaswinder Johal · Real Estate Professionals Inc.