Multi Family Property Sold in Bowness, Calgary at Xxxx Xx Street Nw

Incredible investment opportunity in a prime, quiet location of Bowness ! Bowness is poised to have above average appreciation in the coming years and some consider it as the next "NEW KENSINGTON". This remarkable property boasts 6 identical townhomes that are all very well designed units, with no wasted space. With upper level living area, having generous sized living room, kitchen, dining room, 1/2 bath/laundry room with semi-lower level having two generous sized bedrooms with good sized walk-in closets and a full bathroom. These well designed units have no neighbours living above or below you making them extremely private and rentable. All six Townhomes are under 1 title on a Large M-C1 lot, Over 72.5 foot wide x 120. ft Well maintained and upgraded property by a long time owner that is easy to self manage. (Insurance $1,765.00) (City Tax$8411.90 Gross Revenue $9,235/month with potential to be $11,400. / month $136,800. /year. All townhomes have separate entrances with just over 1,000 sq ft rentable area with 2 bedrooms, 1.5 bathrooms, in-suite laundry rooms . Rear parking allows six stalls w outside electrical plugs. All units have separate electrical, water and gas meters which tenants pay . All townhomes have separate dedicated forced air furnaces and are totally self contained. Many recently completed upgrades including new windows, new exterior doors, new patio doors, new elastomeric paint, new facia, new soffits, new eve troughs, new 25 year roof shingles installed June 2022. Well maintained property with happy tenants that want to stay. Excellent inner city redevelopment is expected to increase within Bowness as a result of close proximity to University of Calgary, Market mall and many new community amenities.

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