116 31 AVE NW Calgary, AB T3E 1Z7

Attention Investors and Developers! Exceptional 62-Foot Frontage, 120-Foot Depth, Turnkey 4-Plex Investment Opportunity with Stunning Downtown City Views and R-C2 Zoning! Welcome to this fully occupied revenue property in the desirable neighborhood of Tuxedo, one of NW Calgary's prime locations known for its easy commutes and excellent public transit connections to work, schools, and shopping. This property boasts not just one, but five separate income streams, including a double garage and coined laundry facilities. Each illegal suite is thoughtfully designed, with private entrances, charming decks, green spaces, and captivating views. The suite composition includes one spacious two-bedroom unit, two cozy one-bedroom units, and one studio apartment, all currently occupied by long-term tenants, generating a solid monthly revenue of $4,100. This property offers a seamless and hassle-free investment opportunity for savvy investors. Situated on a sprawling lot in the heart of Tuxedo, this property holds immense redevelopment potential for the future, especially with the forthcoming Green Line. Recent updates, such as a refreshed one-bedroom suite, a new roof, some newer windows, and a hot water tank, enhance the property's value and minimize maintenance concerns. Benefitting from its strategic location, residents enjoy quick access to downtown, K-12 schools, SAIT, U of C, public transit, and easy routes to anywhere in Calgary, all within a 20-minute drive. Opportunities like this are rare, so don't miss your chance to acquire this outstanding investment property. Invest wisely in your future today!