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$1,800,000 Sale
Listed 91 days ago
4627 73 Street NW
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Key Facts
Key facts for 4627 73 Street NW
Property Type
Commercial
Parking
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MLS #
A2332521
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
1992
Maintenance Fee
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Description
Fully renovated six-unit townhouse complex directly across from Bowness High School, now 100% occupied. Each unit is a 3-bedroom townhouse with undeveloped basement. Condo-titled structure. Currently renting at $1,800/month per unit, well below market rate supported by CMHC comps and current listing...s. With five of six leases expiring or renewing through 2027, there is a clear path to market-rate rents. The property was recently renovated back to the studs with no immediate capital expenditure required. Mortgage assumption at 4.7% fixed through June 2033 is required. Individual units are currently selling for much higher, and buyer could sell off individually at end of mortgage term to realise significant profit. Great buy and hold property. Financials and brochure available on request. Tours with an accepted offer.
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Listing courtesy of: KPLI Real Estate Corporation