Updated Inner-City Income Property with 6% Cap Rate and Strong Rental Demand
This is an excellent opportunity to own an updated duplex on a 50’ x 120’ corner lot in the highly desirable community of Killarney. The property has received many recent updates including modernized kitchens and bathrooms, making it a low-maintenance and easy-to-rent investment in a prime location. Each side offers two bedrooms on the main floor and two in the basement, with an attached double garage, an additional parking pad, and plenty of street parking. The home’s south-facing front exposure ensures bright, sunny living spaces that tenants love. Suites for basement are illiegal suites.
With strong rental income already in place and excellent long-term potential, this property offers investors immediate returns in one of Calgary’s most sought-after inner-city neighborhoods. Investment Appeal. Live in one unit and rent the other. Hold as a cash-flowing rental property and hold for future Redevelop for future multifamily.
Address
3620 21 Avenue SW
List Price
$1,350,000
Property Type
Multi-Family
Type of Dwelling
Full Duplex
Style of Home
Side by Side
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Killarney/Glengarry
Floor Area
2,103 Sq. Ft.
Lot Size
5984 Sq. Ft.
Year Built
1959
MLS® Number
A2259156
Listing Brokerage
Boutique Real Estate Group Inc.
Postal Code
t3e 0h6
Zoning
R-CG