Investors, take note! An exciting opportunity awaits with two 4-plex buildings, priced at $1,148,800 and $1,150,000, located in the desirable community of Rosscarrock. Situated right across from the Westbrook Mall and just a block north of 17th Avenue on 37 Street SW, these buildings offer great potential for development. The location is ideal, with close proximity to the Rosscarock LRT Station, a newly opened library, and just a short drive to downtown. Additionally, the area is surrounded by parks, shopping, and all amenities.
With a combined dimension of 30.42 meters wide and 38.11 meters deep, totaling 1159 square meters, these lots have the potential to accommodate over 30 condo units. The maximum floor area ratio is 2.5, and the maximum building height is 16 meters above grade, making this an attractive prospect for development.
Each building has its own title and consists of four units, including three 2-bedroom apartments and one 1-bedroom apartment, all with in-suite laundry. Currently, all eight units are rented, generating a combined rent of $4800/month, with the potential to increase to around $6000/month in the current market. The tenants have expressed interest in staying after the change in ownership.
Furthermore, the property boasts a land size of 579.65 m2 and features an asphalt exterior finish. Heating is provided by baseboard heaters, and the property type is classified as Multi-Family. Located at 1427 37 Street SW in Calgary, Alberta, with a postal code of T3C1S6, this property presents a lucrative investment opportunity in the thriving community of Rosscarrock.
