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5 Beds
2 Baths
1,540 SqFt
5 Beds
2 Baths
1,540 SqFt
Key Details
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1540.0
Square Footage 1,540 sqft
Price per Sqft $298
Subdivision Westpointe
MLS Listing ID A2316971
Style 4 Level Split,Attached-Up/Down
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 2010
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Full Duplex
Property Description
Featuring 5 bedrooms,2 full bathrooms,and two self-contained suites,this property delivers flexibility and functionality. The bright upper suite offers 3 bedrooms,1 bathroom,an open-concept living area,and a spacious kitchen and dining space. The lower suite features its own above-grade entrance,2 bedrooms,and 1 bathroom,creating an appealing layout for tenants.
THE NUMBERS MAKE THIS ONE WORTH A CLOSER LOOK! Currently generating $4,000 per month ($48,000 annually) in rental income,with $2,100 from the upper suite and $1,900 from the lower. At the new $460,000 asking price,that represents approximately 10.4% gross annual rental yield before expenses. An attractive opportunity for investors looking to put their money to work!
Both suites have established leases in place,with the upper lease running until June 1,2027,and the lower until September 1,2027. Rent includes a $250/month utility allowance per suite,with tenants responsible for overages,helping manage operating expenses.
Pride of ownership is evident,with major mechanical components well maintained. The lower furnace was replaced approximately three years ago,both on-demand hot water systems have been professionally serviced annually,and the roof is in good condition.
BONUS FEATURE: A professionally built 8' x 8' insulated outbuilding,finished to complement the home's exterior. Complete with soundproof insulation,welding/heat extraction ventilation,hardwired Ethernet with six connection points,substantial electrical capacity,and a secure steel entry door. An incredibly versatile space for a workshop,hobby room,gaming setup,or creative studio!
NEW PRICE. LIMITED OPPORTUNITY. With a significant $24,000 price reduction and Listing Expiry Dec 18,talk to your favourite realtor today! $4,000 in established monthly rental income,this Westpointe property deserves a closer look! At $460,000,the opportunity to secure a proven income-producing investment is more compelling than ever. Don't miss your chance to explore the potential! Rental history and financial information available to qualified buyers upon request.
Location
Province AB
County 0132
Community Park, Playground, Schools Nearby, Shopping Nearby
Zoning RS
Location Details Suite Attached/Within Primary Dwelling
Rooms
Basement Full, Finished, Walk Out, Suite
Guest Accommodations Basement
Interior
Interior Features High Ceilings, Open Floorplan, Pantry, See Remarks
Heating Forced Air, Natural Gas
Cooling None
Flooring Ceramic Tile, Laminate
Fireplace No
Appliance Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard
Parking Features Off Street
Fence Partial
Community Features Park, Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt Shingle
Porch Awning(s), Front Porch
Total Parking Spaces 2
Garage No
Building
Lot Description Back Lane, Back Yard, City Lot
Dwelling Type Duplex
Faces S
Story 4 Level Split
Foundation Poured Concrete
Architectural Style 4 Level Split, Attached-Up/Down
Dwelling Type Suite Attached/Within Primary Dwelling
Level or Stories 4 Level Split
New Construction No
Others
Restrictions None Known
Nearby Locations
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