This unique property stands out as a substantial revenue generator and a prime investment opportunity, with its M-C1 zoning designated for mixed residential developments and the potential for future redevelopment into an apartment complex. Having been renovated by a professional designer, it is optimized for short-term rentals. The property features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on this level includes its own ensuite, ensuring privacy and comfort for guests or tenants. The basement offers additional flexibility and convenience with separate entrances, accommodating four bedrooms, a kitchen, and two bathrooms. Originally a 4-plex and renovated into an up-and-down duplex, the property now includes distinctive attributes such as 7 bedrooms, 5 bathrooms, multiple utility installations, dual laundry facilities, a commercial air conditioner, and an automatic sliding glass door at the rear. Parking is ample, with a large pad suitable for RVs or boats, and extra storage is provided by an outdoor shed. With potential rental income ranging from approximately $8,000 to $10,000 a month, this property is not only an attractive investment but also poised for significant cash flow enhancement and future development potential.
Property Details
Price:
$1,490,000
MLS #:
A2127601
Status:
Active
Beds:
7
Baths:
5
Address:
2820 Morley Trail NW
Type:
Single Family
Subtype:
Full Duplex
Subdivision:
Banff Trail
City:
Calgary
Listed Date:
May 2, 2024
Province:
AB
Finished Sq Ft:
2,104
Postal Code:
247
Lot Size:
6,006 sqft / 0.14 acres (approx)
Year Built:
1957
Schools
Interior
Appliances
Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
Basement
Finished, Full
Bathrooms Full
5
Laundry Features
In Unit
Exterior
Exterior Features
Other
Lot Features
Low Maintenance Landscape, Landscaped, Level, Rectangular Lot, See Remarks
Parking Features
Parking Pad, R V Access/ Parking
Parking Total
5
Patio And Porch Features
Deck
Roof
Rolled/ Hot Mop
Financial
Map
Contact Us
Mortgage Calculator
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