Property Details

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9751 Elbow Drive SW
Calgary (A2178062)

$995,000
3
2
1,000 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | WILL INCLUDE APPROVED DP FOR 10 UNITS IN PURCHASE PRICE. PERFECT FOR PURPOSE BUILT RENTAL! | THE PERFECT PROJECT FOR CMHC- MLI SELECT FINANCING | ENJOY THE OPPORTUNITY OF AS LITTLE AS 5% DOWN + 50 YEAR AMORTIZATION = STRONG ROI!! Imagine the opportunity to build a highly sought-after, income-generating 5-plex + 5 legal basement suites in the desirable Haysboro community – a project that could deliver substantial returns while providing a fresh, modern housing option for Calgary’s rental market. This project envisions five carefully designed, upscale units, each with a fully legal, self-contained basement suite. With Calgary's rental demand on the rise, this multi-family layout offers a unique approach: dual-income streams per unit. Picture each primary suite featuring an open, inviting floor plan with three bedrooms, a high-end kitchen, and a welcoming living space, ideal for young professionals or families. Below each unit, a fully legal basement suite with a separate entrance and designated parking offers a private, one-bedroom retreat that appeals to tenants looking for affordability without sacrificing comfort. Building this 5-plex with five legal suites positions you to tap into a robust rental market in Haysboro, a community known for its proximity to transit, shopping, schools, and parks. This location enhances tenant appeal and supports long-term occupancy, which is essential for maximizing revenue. Beyond the income potential, constructing this type of property aligns with Calgary's increased demand for higher-density housing, especially in established neighborhoods. By developing this project, you'll not only be addressing a crucial housing need but also creating a valuable asset that promises both stability and growth in one of Calgary's strongest rental markets.

Property details

Basic Info

MLS® #
A2178062
Property Type:
Residential
Subtype:
Detached
Subdivision:
Haysboro
Price
$995,000
Sale/Lease:
For Sale
Size:
1,000 sq.ft.
Bedrooms:
3
Bathrooms:
2
Year Built:
1958 (66 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Single Garage Detached
Fence:
Fenced
Basement:
Finished, Full
Features:
Quartz Counters
Fireplaces:
1
Inclusions:
None
Appliances:
Dishwasher, Electric Stove, Microwave, Refrigerator
Laundry:
In Basement
Exterior Features:
Lighting, Playground
Patio/Porch Features:
Other

Neighborhood Info

Nearby Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.14 acres
Lot Features:
Back Yard, Landscaped, Rectangular Lot, Treed
Zoning:
H-GO

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Stucco,Vinyl Siding,Wood Frame
Floors:
Carpet, Ceramic Tile, Hardwood
Foundation:
Poured Concrete
Heating:
Standard, Forced Air
Cooling:
Other
Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Listing Info

Possession:
Immediate,Negotiable
Days on Market:
10
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Grassroots Realty Group Ltd.
1-833-477-6687

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