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$554,999

422 40 Street NE

Marlborough, Calgary, Alberta

4 bed·2 bath·Semi-Detached·MLS® A2309318·2mo ago

About this home

TURNKEY INVESTMENT OPPORTUNITY in established NE Calgary — this fully renovated bi-level duplex has been rented consistently every year at $2,400-3,000/month and has a long term agreement with tenants for the legal suite(full home). A proven income-generating property with zero vacancy history. *** UPPER UNIT features 2 bedrooms | 4pc bathroom | Completely remodelled kitchen with new cabinets, counters & flooring | New bathroom flooring, tiling & cabinetry | Mirrored closet doors | All appliances included. *** LOWER ILLEGAL SUITE features 2 bedrooms | 3pc bathroom | Full kitchen | Rec room | Laminate flooring in bedrooms | In-suite laundry. Please note the lower illegal suite does not have development permits and is considered non-conforming — buyers to conduct their own due diligence regarding permits and compliance with the City of Calgary. *** OUTSIDE features a large detached garage (21.42 x 21.58 ft — 437 sq ft) | Fully fenced yard | Mature trees | Great curb appeal. *** Each unit includes its own stove, fridge, washer & dryer. *** Whether you are an investor looking for a proven rental or a savvy buyer looking to live in one unit and rent the other — this property delivers on every level. (id:66681)

Property details

Bedrooms
4
Bathrooms
2
Half baths
0
Year built
1971
Property type
Residential
Building type
Bi-level
Appliances
Refrigerator, Stove, Microwave, Hood Fan, Washer/Dryer Stack-Up
Parking
Detached Garage (4)
Zoning
R-CG
Community
Marlborough
MLS®
A2309318
Days on market
115

Location

Listing information last updated 2mo ago. Provided by the listing brokeragevia CREA’s DDF®, deemed reliable but not guaranteed accurate.

Mortgage estimate

Estimate only — actual payments depend on your lender, credit, and closing costs. Uses Canadian semi-annual compounding, as required by law, not the US monthly-compounding convention most templates use.

Down payment

$111,000 (20%)

Base loan amount$443,999

$2,708 / month

First payment: $2,008 interest, $699 principal