1108 15 Avenue Ne Calgary, Alberta T2E 1J3

$1,090,000

STUNNING MULTI-FAMILY INVESTMENT OPPORTUNITY | PRIME INNER CITY LOCATION | LOADS OF POTENTIAL! Don’t miss out on this incredible chance to own an exceptional, well-maintained fourplex on a massive 50ft x 120ft lot with M-C1 Zoning in the highly desirable neighborhood of Renfrew! This prime inner-city property features a stucco and brick exterior, newer concrete pathways winding around the building, and a back parking setup providing 4 dedicated stalls including a single garage. Managed by the owner, this property is an absolute dream for a savvy investor. Three units are currently on month-to-month leases (Units 1, 2, and 4), while Unit 3 is occupied by a family member who is moving out, giving you immediate opportunity to set new market rents. The building's functional layout consists of 4 units, each offering the convenience of both front and back entrances. Three of the units feature a spacious 2-bedroom floor plan (two upper and one lower), while the final lower unit offers a comfortable 1-bedroom setup. Unit 3 (featured in photos) is the most updated of the group, showcasing a updated modern kitchen, while the other units vary with localized updates such as newer flooring. This leaves an amazing value-add opportunity to further modernize the remaining interiors and significantly boost your rental revenue! The mechanical and shared infrastructure of this building is exceptionally well laid out for an investor, featuring 4 separate furnaces, 1 central hot water tank, 4 separate gas meters, and 5 separate electric meters—including a dedicated meter for the common areas. Tenants will love the functional lower-level coin-operated laundry room, which comes equipped with 4 private storage lockers for extra convenience. Outside, the property also includes a handy storage shed for seasonal items. Renfrew has so much to offer with conveniences all around! You are only minutes away from local amenities, trendy inner-city shopping districts, parks, quality schools, public transit routes, and quick access to downtown. House Extras Include: Updated Windows (1999), Storage Shed, Coin-Op Laundry Appliances, and 4 Tenant Lockers. This property shows beautifully and represents a rare holding in a high-demand location—come check it out before it’s gone! (id:59954)

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https://www.realtor.ca/real-estate/29892963/1108-15-avenue-ne-calgary-renfrew