7714-7716 Bowness Rd NW - Apartments FOR SALE


Calgary, AB T3B 0H1- Suburban South
$2,900,000 CAD
403-371-2731
7714-7716 Bowness Rd NW, Calgary, AB for Sale
$2,900,000 CAD
Apartments - FOR SALE
1/15
null | 4.86% Cap Rate

7714-7716 Bowness Rd NW
Calgary, AB T3B 0H1
Suburban South


OVERVIEW

This is a great investment opportunity in the sought after community of Bowness. This well maintained townhouse complex with condo titles, and NO common area to maintain or pay extra utilities resulting in lower expenses has excellent curb appeal with durable stucco and is very centrally located on bowness road having great access to all the community amenities. Higher quality construction compared to other rental buildings - granite counters, stainless steel appliances, hardwood floors and attractive stained cabinets. You have a superior suite mix with ( 6 –2 bdrm, which range from 850, 900, & 1,300 sqft sizes). (2 – 3 bdrm units which, are 1,350 sqft) units have 1.5 baths or 2.5 baths in some styles!. The tenants love the HEATED UNDERGROUND parkade with 10 parking stalls, PLUS a heated driveway. Lower cost of operating with efficient boiler heating and tenants pay electricity. This 8 unit inner city gem is located within walking distance to transit all amenities, restaurants, public library and one of the most beautiful parks in Calgary - Bowness Park. With a quick commute to work downtown, this asset is accessible for tenants that do not drive. This property also features separate titles for sale in future or you could live in one unit and live mortgage free! Contact your favorite realtor to explore this property today.

FOR SALE DETAILS

PRICE

$2,900,000 CAD

PRICE/SF

$290 CAD /SF

# OF UNITS

8

PRICE/UNIT

$362,500

CAP RATE

4.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

MC-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tim ReidComox RealtyMore Info
403-371-2731

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Tim ReidComox RealtyMore Info
403-371-2731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.