2,520 SqFt
2,520 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $567
Subdivision Southwood
MLS® Listing ID A2250685
Style Attached-Side by Side,Bi-Level
Year Built 1972
Annual Tax Amount $7,354
Tax Year 2025
Lot Size 7,534 Sqft
Acres 0.17
Property Sub-Type 4 plex
Source Calgary
Property Description
Address: 424 Sabrina Road SW, Calgary, AB
Property Type: Fourplex (Bi-Level Configuration)
Total Living Area: 5,028 sq. ft. (2,564 sq. ft. RMS + fully developed lower levels)
Units: 4 self-contained units
Unit Layout: Each unit includes 3 bedrooms and 1.5 bathrooms
Year Built: 1972
Zoning: MC-1 (Medium-Density Low Profile Residential)
Parking: 5 surface stalls, resurfaced in 2024, with ample street parking available
Lot: Standard inner-city lot with retaining wall recently rebuilt
Recent Renovations and Capital Improvements (2024)
This property has undergone a complete transformation, both inside and out. All four units were fully renovated to appeal to today's quality-conscious tenants while minimizing maintenance needs for ownership.
Interior upgrades include:
Fully renovated kitchens with granite countertops, brand new cabinets, and stainless steel appliances
Bathrooms completely redone with new tubs, tile work, vanities, fixtures, and modern finishes
Durable LVL plank flooring installed throughout both upper and lower levels
Fresh paint, trim, and lighting updates throughout all units
Exterior and mechanical upgrades:
New energy-efficient windows and patio doors in each unit
Separate furnaces, hot water tanks, and individual utility meters per unit
Resurfaced parking lot with defined stalls
Reconstructed retaining wall for long-term stability
Updated exterior finishes to enhance curb appeal
These renovations were designed with long-term durability, tenant satisfaction, and rental optimization in mind.
Income and Financial Performance
424 Sabrina Road SW is fully leased with fixed one-year terms. All four units are currently rented at market rates, providing predictable and stable cash flow from day one. The gross rental income is $8,350 per month, or $100,200 annually. All tenants are responsible for their own utilities, thanks to separately metered systems.
Key financial metrics:
Gross Annual Rents: $100,200
Net Operating Income (NOI): Approx. $78,720 annually
Cap Rate: 5.4% at asking price
Utility Structure: All tenant-paid (gas, water, electricity)
This property offers strong investment fundamentals with minimal projected maintenance, making it an excellent asset for portfolio stabilization or long-term wealth building.
Bi-Level Design Advantage
Unlike traditional up/down duplex configurations, each of the four units in this property features a full bi-level design. This provides tenants with more usable space and a layout that feels more like a single-family home, resulting in better tenant retention and increased rental appeal.
Location
Province AB
County Calgary
Area Cal Zone S
Zoning M-C1
Interior
Interior Features Granite Counters, No Smoking Home, Open Floorplan, See Remarks, Separate Entrance, Vinyl Windows
Heating Central
Cooling None
Flooring Tile, Vinyl
Inclusions each of the 4 units has its own dishwasher/washer&Dryer/Fridge/Window Coverings/Stove Oven/Microwave
Appliance Dishwasher, Microwave, Stove(s), Washer/Dryer, Window Coverings
Exterior
Parking Features Asphalt, Parking Pad
Carport Spaces 5
Garage Description Asphalt, Parking Pad
Roof Type Asphalt/Gravel
Porch Balcony(s)
Lot Frontage 60.0
Total Parking Spaces 5
Building
Foundation Poured Concrete
Architectural Style Attached-Side by Side, Bi-Level
Level or Stories Bi-Level
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 101500909
Ownership Private
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