$1,800,000

Welcome to Sunnyside—one of Calgary’s most sought-after inner-city communities, just steps from the vibrant amenities of Kensington. This exceptional multi-family property presents a prime investment opportunity with strong existing income and additional upside potential. The building features four fully self-contained units, each offering 1,046–1,061 sq ft of well-designed living space, complete with 3 bedrooms and 1.5 bathroom. All units have been recently renovated with durable vinyl plank flooring throughout, while two units feature updated cabinetry and quartz countertops. As part of these upgrades, each suite is equipped with convenient in-unit laundry, enhancing both tenant comfort and long-term rental appeal. The mechanical systems—individual furnaces and hot water tanks for each unit—are located in the basement, supporting efficient maintenance and operation. Three of the four units are currently tenanted, generating $7,400/month in rental income, with tenants paying their own utilities. The fourth unit was most recently rented for $2,800/month, highlighting the strong revenue potential and immediate upside for investors. Additionally, there is city-approved potential to develop two basement units, offering a valuable opportunity to further increase cash flow and maximize returns. The property also includes four outdoor parking stalls, adding to tenant convenience and overall appeal. Ideally located, this property is just moments from Memorial Drive, the iconic Peace Bridge, and an abundance of shops, restaurants, parks, and transit options. Directly across the street, a community park and open green space serve as a year-round gathering place, including a popular outdoor skating rink in the winter months—enhancing the property’s appeal to tenants seeking both lifestyle and convenience. Whether you’re a seasoned investor or looking to expand your portfolio, this is a rare opportunity to acquire a turnkey asset in a high-demand rental location with future d evelopment upside. (id:64343)

Property Details

MLS® Number	A2305081
Property Type	Multi-family
Community Name	Sunnyside
Features	Back Lane
Parking Space Total	4
Plan	1948p

Building

Appliances	Refrigerator, Dishwasher, Range, Washer & Dryer
Basement Development	Unfinished
Basement Type	Full (unfinished)
Constructed Date	1980
Construction Material	Poured Concrete
Cooling Type	None
Exterior Finish	Brick, Concrete
Flooring Type	Vinyl Plank
Foundation Type	Poured Concrete
Heating Type	Forced Air
Size Interior	4,220 Ft2
Total Finished Area	4220.25 Sqft
Type	Multi-family
Utility Water	Municipal Water

Parking

Parking Pad

Land

Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Depth	36.55 M
Size Frontage	15.28 M
Size Irregular	558.00
Size Total	558 M2|4,051 - 7,250 Sqft
Size Total Text	558 M2|4,051 - 7,250 Sqft
Zoning Description	M-cg D72

https://www.realtor.ca/real-estate/29727876/934-5a-street-nw-calgary-sunnyside