5 Beds
2 Baths
1,540 SqFt
5 Beds
2 Baths
1,540 SqFt
Key Details
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1540.0
Square Footage 1,540 sqft
Price per Sqft $314
Subdivision Westpointe
MLS Listing ID A2316971
Style 4 Level Split,Attached-Up/Down
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 2010
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Full Duplex
Property Description
The property features 5 bedrooms and 2 full bathrooms across two self-contained suites. The upper suite offers 3 bedrooms and 1 bathroom with a bright,open-concept layout,spacious living area,and functional kitchen and dining space. The lower suite features 2 bedrooms and 1 bathroom,providing excellent flexibility for tenants,investors,or multi-generational living.
Currently generating $4,000 per month in rental income ($2,100 upper / $1,900 lower),the property offers attractive cash-flow potential. With 25% down,buyers may benefit from approximately $1,000 per month in additional cash flow,depending on financing and operating costs.
Tenant and lease details provide clear visibility for investors: rent currently includes approximately $250/month in utilities,with tenants responsible for any utility costs above that amount. The upper lease expires June 1,2027,while the lower lease expires September 1,2027,giving a future owner a clear timeline for potential occupancy,lease renewal,or rental-rate adjustments.
Ownership pride is evident throughout. The lower furnace was replaced approximately three years ago,both on-demand hot water systems have been professionally serviced annually,and the roof is in good condition,offering added confidence for investors.
One of the property's standout features is the professionally built 8' x 8' insulated outbuilding,finished to match the home's exterior. Designed with versatility in mind,it includes soundproof insulation,ventilation for welding or heat extraction,hardwired Ethernet with six connection points,dual 100-amp panels supplying 50 amps each,and a secure steel entry door with dual locks. Whether used as a workshop,hobby room,gaming space,home business setup,gardening room,or creative studio,this space adds unique value rarely found in comparable properties.
The existing TELUS internet plan may also be transferable to the new owner,providing access to a highly competitive rate.
Whether you're looking to expand your investment portfolio,offset your mortgage by living in one suite,or secure a turnkey income property in a strong Westpointe location,this is an opportunity worth exploring. Long-term rental history and financial information are available to qualified buyers upon request.
Location
Province AB
County 0132
Community Park, Playground, Schools Nearby, Shopping Nearby
Zoning RS
Location Details Suite Attached/Within Primary Dwelling
Rooms
Basement Walk Out, Full, Finished
Guest Accommodations Basement
Interior
Interior Features High Ceilings, Open Floorplan, Pantry, See Remarks
Heating Forced Air, Natural Gas
Cooling None
Flooring Ceramic Tile, Laminate
Fireplace Yes
Appliance Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard
Parking Features Off Street
Fence Partial
Community Features Park, Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt Shingle
Porch Awning(s), Front Porch
Total Parking Spaces 2
Garage No
Building
Lot Description Back Lane, Back Yard, City Lot
Dwelling Type Duplex
Faces S
Story 4 Level Split
Foundation Poured Concrete
Architectural Style 4 Level Split, Attached-Up/Down
Dwelling Type Suite Attached/Within Primary Dwelling
Level or Stories 4 Level Split
New Construction No
Others
Restrictions None Known
NEARBY SCHOOL & BUSINESS