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5120 42 ST Olds, AB T4H 1A9
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Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,638 sqft
Price per Sqft $286
MLS® Listing ID A2049930
Sold Date 11/13/23
Style Bi-Level,Up/Down
Bedrooms 4
Full Baths 2
Originating Board Calgary
Year Built 2001
Annual Tax Amount $3,509
Tax Year 2022
Lot Size 5,118 Sqft
Acres 0.12
Lot Dimensions 51.18x100
Property Description
Short Term Leases in Effect, Ideal if you wish to take possession of the top or bottom, or rewrite the leases for long term if your looking for a great investment opportunity in Olds Alberta which caters to the local College residential needs! Fully leased up/down duplex with one of the most attractive floorplans offered. Custom built Brinkler home is a step above your usual idea of a duplex!!! Unit A (upper) is stunning with its birch engineered hardwood floors, feature stone fireplace and open concept kitchen, dining and living area. Lots of storage with a massive walk in pantry! Vaulted ceilings, 2 bedrooms and unique 2pc privacy bathroom with cheater door to an amazing 5 pc full bath with a jetted tub and double shower heads and his and her sinks you will also enjoy. There is a dedicated home office/den with built in desk, cabinets and lots of natural window lighting. Large great room over the garage is ideal for movie nights or keeping the kids out of your hair! The tenant in this unit also benefits from a full rear deck and attached double garage, drywalled and insulated. This suite rents for $1800 and the tenant pays their utilities. Unit B (lower duplex) is a very pleasant 2 bedroom bi-level lower legal suite with full sunshine windows with a full bath, separate walk out entrance and they currently enjoy the use of the rear yard and off street parking. This suite rents for $1100/ month and the tenant pays their own utilities. Each unit is serviced with their own laundry rooms. This very attractive duplex would also be perfect for someone wanting a show stopper home with a mortgage helper or cash flow opportunity from the lower suite. Additional extras include newer 2 year old shingles on the house, and new hot water tank in the lower legal suite and 3 yr old washing machine upstairs. The current owner has always been responsive and caring towards his tenants and has addressed any tenant concern or request for repair immediately! You will be getting an extremely well maintained property and there is even an extra INVESTOR BONUS! SELLER WILL PROVIDE A $5,000 CASH BACK PAINT ALLOWANCE ON CLOSE OF SALE!! The seller uses a professional management company, but you can always increase your net profits by self managing! Immediate possession is available with assumption of tenancies, Tenants rights apply! Immediate income! Don't hesitate to add this one of a kind property to your investment portfolio, Book a viewing today!
Location
Province AB
County Mountain View County
Zoning R2
Direction S
Rooms
Basement Separate/Exterior Entry, Finished, Full
Interior
Interior Features No Smoking Home
Heating Forced Air, Natural Gas
Cooling None
Flooring Ceramic Tile, Hardwood
Fireplaces Number 1
Fireplaces Type Gas
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry Main Level
Exterior
Parking Features Double Garage Attached
Garage Spaces 4.0
Garage Description Double Garage Attached
Fence Fenced
Community Features Park, Playground, Pool, Shopping Nearby, Sidewalks, Street Lights
Roof Type Asphalt Shingle
Porch None
Lot Frontage 51.18
Exposure S
Total Parking Spaces 4
Building
Lot Description Back Lane, Front Yard, Lawn, Street Lighting, Rectangular Lot
Foundation Poured Concrete
Architectural Style Bi-Level, Up/Down
Level or Stories Bi-Level
Structure Type Concrete
Others
Restrictions None Known
Tax ID 56869562
Ownership Private
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