This unique tri-plex property is a significant revenue generator and prime investment opportunity. With M-C1 zoning for mixed residential developments, it offers the potential for future redevelopment into an apartment complex. The newly renovated features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on the main level has its own ensuite, ensuring privacy and comfort for guests or tenants. The lower level adds flexibility and convenience with separate entrances, accommodating two legal suites, with bathrooms shared between every two bedrooms. Originally a 4-plex, it now includes four furnaces and four new water tanks for separate meters. The targeted rental income is $3,200 per month for the lower level, while the Airbnb income averages $8,000 per month for the main level. Ample parking includes a large pad suitable for RVs or boats, and additional storage is available with an outdoor shed. Located near a university and high school, this property is an attractive investment and poised for significant cash flow enhancement and future development potential.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
30 Days / Neg
Suite:
Suite - Legal
Home Style:
Bi-Level, Up/Down
Total Living Area:
2,104.34 sq. ft.195.5 m2
Taxes:
$7,264 /
2024
Tax Assessed Value:
1120000.0
Lot Area:
6,006 sq. ft.557.98 m2
Lot Frontage:
50'15.24 m
Front Exposure:
Southwest
Levels:
One
End Unit:
No Common Walls
Total Rooms Above Grade:
5
Year built:
1957
(Age: 67)
Bedrooms:
7
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
4
Bathrooms:
5.0
(Full:5, Half:0)
Plan:
907GS
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Rolled/Hot Mop
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
0
Parking:
Parking Pad, RV Access/Parking
Parking Places:
5.0
Parking Total/Covered:
5 /
-
Laundry Features:
In Unit
Z-name Not Listed
Banff Trail
Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'5"4.39 m × 12'10"3.91 m
Main Floor
Bedroom - Primary
14'5"4.39 m × 13'1"3.99 m
Main Floor
Bedroom
21'6.40 m × 14'5"4.39 m
Main Floor
Bedroom
21'6.40 m × 11'2"3.40 m
Main Floor
Storage
5'7"1.70 m × 5'3"1.60 m
Main Floor
Kitchen
14'9"4.50 m × 10'10"3.30 m
Main Floor
Laundry
8'10"2.69 m × 5'3"1.60 m
Lower Level
Laundry
11'2"3.40 m × 10'2"3.10 m
Lower Level
Bedroom
11'6"3.51 m × 10'2"3.10 m
Lower Level
Bedroom
13'9"4.19 m × 12'10"3.91 m
Lower Level
Kitchen
13'9"4.19 m × 9'10"3.00 m
Lower Level
Bedroom
13'9"4.19 m × 10'2"3.10 m
Lower Level
Bedroom
13'9"4.19 m × 10'2"3.10 m
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
0' x 0'
Main Floor
Yes
4
0' x 0'
Main Floor
Yes
4
0' x 0'
Lower Level
No
3
0' x 0'
Lower Level
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Low Maintenance Landscape, Landscaped, Level, Rectangular Lot, See Remarks
Listed by Top Producer Realty and Property Management
Data was last updated October 31, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,109,500
Min list price:
$259,900
Max list price:
$2,050,000
Avg days on market:
45
Min days on market:
8
Max days on market:
91
Avg price per sq.ft.:
$589.03
These statistics are generated based on the current listing's property type
and located in
Banff Trail. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.