Property Details
2226 Westmount Road NW
Calgary (A2314809)
Description
INVESTORS! Unique residential + rental income! A 3 storey on one side + 4 legal suites on the other. An exceptional opportunity to own a newly built (2022) purpose-built rental property in the highly desirable community of West Hillhurst. Offering 5 residential units across 5,276 sq. ft. of above-grade living space, this turnkey asset combines strong in-place income with immediate value-add potential. Priced at $2,800,000, reduced from $3,188,000, the property features a luxurious 3 level attached home and FOUR legal income-generating suites. The proforma projects $119,375 in annual gross potential income with a modest 5.4% vacancy allowance, resulting in Year 1 effective rental income of $112,938 and a stabilized NOI of $74,890. Total operating expenses are estimated at just $38,048 annually, representing an efficient 33.7% expense ratio attributable to the property's recent 2022 construction, modern building systems, and energy-efficient design. An immediate value-add opportunity exists through the lease-up of the currently vacant Unit 201 (584 SF). Marketed at $1,750 per month, this suite has the potential to generate approximately $21,000 in additional annual gross revenue. Additional features include four legal suites with private entrances, in-suite laundry, dedicated storage, and secure underground parking, plus a rare six-stall heated underground parkade. Ideally located minutes from downtown, Kensington, the Bow River pathway system, Foothills and Children's Hospitals, parks, schools, and countless amenities, this is a premier inner-city investment added to your portfolio.
Property details
- MLS® #
- A2314809
- Property Type:
- Commercial
- Subtype:
- Multi Family
- Subdivision:
- West Hillhurst
- Price
- $2,800,000
- Sale/Lease:
- For Sale
- Size:
- 5,276 sq.ft.
- Year Built:
- 2022 (4 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- The main building consists of the following: 1 A/C unit, 1 Gas stove/Electric, 1 Dishwasher, 1 x Fridge/freezer, W/D, Microwave, and all window coverings. The other 4 units consist of the following: 4 x dishwashers, 4 x electric stoves, 4 x microwaves, 4 x refrigerators, 4 x washers and dryers,
- Lot Size:
- 0 acres
- Zoning:
- M-C1
- Possession:
- Subject To Tenancy
- Days on Market:
- 32
Basic Info
Building Info
Lot / Land Info
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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