$429,000 FOR SALE

Multiplex Bungalow

Lot: 18.28 x 33.51 mTotal Area: 2,010.22 ft2

614 1 Street Street Ne
Sundre, AB T0M 1X0

$2800 per month rental income plus Utilities paid by tenants. Great Rental Duplex, Side by Side, Two Units approximately 1000 sq ft each, very well maintained units comprising of two bedroom and one bathroom per unit, undeveloped basements with the potential to add further bedrooms and living space. Town would also support rezoning to a 4 plex. Centrally located in Sundre where rental properties are rare especially multi unit, this property is close to the police station and hospital and make great rentals for professionals moving to town. One unit is rented from Dec1st at $1500 plus utilities and has been professionally repainted with new flooring in the bedrooms, Sundre has a severe shortage of rental property and finding good tenants is easy in a small town. Other tenant currently pays $1300 plus all bills and this could easily be increased. Or buy this wealth builder, live in one side and rent the other !!!!Inside you will find bright open units with a large living and dining area, wood burning stove in one unit and fireplace in the other, patio doors out onto a small private deck. Each unit has two bedrooms and one 4 piece bathroom, Downstairs the basements are undeveloped but could easily be finished to add further bedrooms and a bathroom. They have fireplaces in the basement and large windows so would make comfortable additional living space.Outside is back lane access to a parking pad for each unit and a small easily maintained garden, fenced between the two units. These units face out onto Snake Hill Park and are easy walking distance to the hospital, schools and amenities. Sundre is a growing community with a ZERO Rental Vacancy Rate. The town is open to transforming the basements into suites but would need to follow all requirements and the property would need to be rezoned to R2. (id:47423)

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Listed By Real Broker
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2126158
Last Updated Apr 25, 2024
Property Summary
Property Type Multiplex

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Price History
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Detailed Information
Lot 18.28 x 33.51 m
Total Area 2,010.22 ft2
Listing Contract Date 2024-04-25
Municipal ID 0019060433
Ownership Type Freehold
# of Parking Spaces 4
Plan 5790Jk
Property Type Multi-family
Transaction Type For sale
Total Buildings 1
Zoning Description R1
Building
Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer
Architectural Style Bungalow
Basement Development Unfinished
Basement Type Full (Unfinished)
Constructed Date 1975
Construction Material Poured concrete
Construction Style (Attachment) Attached
Cooling Type None
Exterior Finish Brick, Concrete, Vinyl siding
Fireplace Present Yes
# of Fireplaces 4
Flooring Type Laminate, Linoleum, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 1
Total Finished Area 2010.22 sqft
Type Multi-Family
Parking Spaces
Name Spaces
Other
Parking Pad
Land
Total Size Unknown
Fence Type Fence
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