A fantastic opportunity to own an investment property in trendy Marda Loop with long-term tenants!
This well-maintained gravel roofed building (~3830 square feet total) boasts 4 identical and spacious (~950 square feet) 2-bedroom units, each with its own private entrance, full bathroom, brick faced wood burning fireplace, convenient in-suite laundry, storage, dedicated furnace and hot water tank, as well as paved and assigned off-street parking at the rear. The lower units are both walkouts providing plenty of natural south light, while the upper units have expansive balconies all shielded from the street by mature trees.
Location is everything. Residents here enjoy being steps away from trendy boutiques, independent shops, bars, unique cafés and incredible restaurants. Grocery shopping and errands couldn't be easier with Safeway, Calgary Co-op, and several farmer's markets nearby. The area is equally rich in top-rated schools, parks and recreational spaces and is a short commute to downtown.
All units are currently rented and the property generates an impressive ~$75,000 of income per year. Tenants pay their own utilities with each unit having its own meters.
This MC-1 zoned 75’ x 80’ lot has options both now and in the future.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Negotiable
Home Style:
Other
Total Living Area:
1,979 sq. ft.184 m2
Main Level Finished Area:
1,979 sq. ft.184 m2
Below Grade Finished Area:
1,851 sq. ft.172 m2
Taxes:
$4,754 /
2024
Tax Assessed Value:
733000.0
Lot Area:
5,984 sq. ft.556 m2
Lot Frontage:
75'22.9 m
Levels:
Bi-Level
Year built:
1974
(Age: 51)
Bathrooms:
-
(Full:-, Half:-)
Plan:
4479P
Heating:
Sep. HVAC Units, Separate Water Heaters, Fireplace(s), Natural Gas, Wood
Basement:
Finished, Full
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Frame, Wood Siding
Structure Type:
Four Plex
Ensuite:
No
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
4
Fireplace Details:
Brick Facing, Living Room, Wood Burning
Garage:
0
Parking:
Parking Pad
Parking Places:
4
Parking Total/Covered:
4 /
-
Laundry Features:
In Unit
South Calgary
Dryer, Refrigerator, Stove(s), Washer
N/A
None Known
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Data was last updated April 4, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,299,990
Min list price:
$899,900
Max list price:
$3,200,000
Avg days on market:
25
Min days on market:
2
Max days on market:
122
Avg price per sq.ft.:
$601.37
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.