Active

BOWNESS

8808 48 Avenue , Calgary, AB

$1,900,000

Residential · MLS® A2323863
2Bedrooms
2Bathrooms
1,733.32Sq Ft
1Garage
1918Year Built
02 / Overview

PROPERTY OVERVIEW

Opportunities like this are exceedingly rare. Sprawling across a massive 100x196 foot lot, this exceptional 0.42-acre property features 100 feet of direct water frontage on the highly coveted Bowness lagoon. The lot itself is spectacular, beautifully framed by mature trees that offer an incredible sense of natural privacy right in the city. The original bungalow is nestled into a setting that holds unmatched future potential, and the property includes two storage sheds and a private dock. You can choose to...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,733.32 sq ft
Lot Size18,503 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingNone
ParkingAdditional Parking • Driveway • Single Garage Detached
ExteriorDock • Private Entrance • Private Yard
BasementCrawl Space
Year Built1918
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$5,285After mortgage & expenses
Cap Rate1.1%Based on market rents
Cash on Cash Return-16.7%With 20% down payment
Est. Monthly Rent$3,133Based 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 Ken Rigel · eXp Realty