Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location!
Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike.
This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns.
The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views.
Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate.
Additional Highlights:
Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal.
Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents.
Natural Parkade Opportunities: The lot’s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave.
With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights—don’t miss out on this fantastic investment opportunity!More details
Discover unmatched potential with this spacious side-by-side duplex in the heart of Ogden. Located right across from Banting and Best, and Sherwood public schools with great transit at your doorstep, each side features 7 generously sized bedrooms all with legal-sized windows, offering a total of 14 bedrooms between the two units. This unique property is ideal for savvy investors or multi-generational families looking for flexible living options.
Maximize your ROI by operating it as a long-term rental accommodating large families or groups, or as a short-term rental hosting larger groups, or capitalize on cash flow by transforming it into a rooming house—perfect for renters seeking affordable, shared housing especially with proximity to nearby employment areas.
Located in a vibrant community with easy access to schools, shopping, public transit, and major roadways, this side by side duplex combines convenience with opportunity. Whether you’re looking for an income-generating asset or a versatile living arrangement, this property checks all the boxes. Don’t miss out—schedule your viewing today and explore the possibilities!More details
Welcome to this charming multi-unit property in the heart of the Village of Linden! This versatile building is perfect for investors or homeowners looking for additional rental income, offering a total of three well-maintained units with excellent amenities. The building was built in 1988 and moved onto a new basement in 2017.
The main/upper floor features two cozy, one-bedroom, one-bathroom units, each with a comfortable living room, functional kitchen, and a convenient in-unit laundry room. Tenants will love the added bonus of a back deck, perfect for morning coffee or evening relaxation, plus a shared backyard that is nicely divided each with their own cement pad—ideal for gatherings or outdoor activities.
The spacious basement unit is a true gem, boasting a generously sized bedroom, living/office space, a large kitchen with ample storage, a 3-piece bathroom, and its own laundry room for ultimate convenience.
With a location in the desirable Village of Linden, where rental property is sought after this building offers a great combination of comfortable living and rental potential. Don't miss out on this fantastic investment opportunity!More details
Data was last updated December 22, 2024 at 08:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.