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$ 1,429,000
Est. payment | /mo
2,520 SqFt
$ 1,429,000
Est. payment | /mo
2,520 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $567
Subdivision Southwood
MLS® Listing ID A2250685
Style Bi-level
Year Built 1972
Lot Size 7,534 Sqft
Acres 0.17297377
Property Sub-Type Freehold
Source Calgary Real Estate Board
Property Description
424 Sabrina Road SW presents a rare opportunity to acquire a fully modernized, income-generating fourplex in the established community of Southwood. With extensive renovations completed in 2024 and strong in-place rental income, this property is ideally suited for hands-off investors seeking reliable cash flow and long-term growth potential in Calgary's southwest.Address: 424 Sabrina Road SW, Calgary, ABProperty 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 unitsUnit Layout: Each unit includes 3 bedrooms and 1.5 bathroomsYear Built: 1972Zoning: MC-1 (Medium-Density Low Profile Residential)Parking: 5 surface stalls, resurfaced in 2024, with ample street parking availableLot: Standard inner-city lot with retaining wall recently rebuiltRecent 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 appliancesBathrooms completely redone with new tubs, tile work, vanities, fixtures, and modern finishesDurable LVL plank flooring installed throughout both upper and lower levelsFresh paint, trim, and lighting updates throughout all unitsExterior and mechanical upgrades:New energy-efficient windows and patio doors in each unitSeparate furnaces, hot water tanks, and individual utility meters per unitResurfaced parking lot with defined stallsReconstructed retaining wall for long-term stabilityUpdated exterior finishes to enhance curb appealThese renovations were designed with long-term durability, tenant satisfaction, and rental optimization in mind.Income and Financial Performance424 Sabrina Road SW is fully leased with fixed one-year terms. All fo ur 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: $100,200Net Operating Income (NOI): Approx. $78,720 annuallyCap Rate: 5.4% at asking priceUtility 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 AdvantageUnlike 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. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Central heating
Cooling None
Flooring Tile, Vinyl
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Architectural Style Bi-level
Others
Ownership Freehold
Listed by CIR Realty
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