2226 Westmount RD NW, Calgary, AB T2N 3N4
2226 Westmount RD NW, Calgary, AB T2N 3N4
2226 Westmount RD NW, Calgary, AB T2N 3N4
2226 Westmount RD NW, Calgary, AB T2N 3N4
2226 Westmount RD NW, Calgary, AB T2N 3N4
2226 Westmount RD NW, Calgary, AB T2N 3N4
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Lucca Dambacher

Lucca Dambacher

+1(403) 702-0279
$ 2,800,000
Est. payment | /mo

5,276 SqFt

Save
$ 2,800,000
Est. payment | /mo
Save

5,276 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,276 sqft

Price per Sqft $530

Subdivision West Hillhurst

MLS Listing ID A2314809

Year Built 2022

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Multi Family

Property 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.

Location

Province AB

County Cal Zone Cc

Area Cal Zone Cc

Zoning M-C1

Direction NW

Interior

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

Fireplace No

Exterior

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

Listed by Real Broker
Nearby Locations
Lucca Dambacher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 702-0279

contact@luccawd.ca

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2226 Westmount RD NW