A rare opportunity to acquire a purpose-built 4plex in the established community of Glamorgan, sitting on a 7,490 sq ft M-C1 zoned lot. The building features two upper-level 3-bedroom, 1-bathroom units and two lower-level 2-bedroom, 1-bathroom units, all four fully tenanted and generating combined gross rent of $6,500/month ($78,000/year). Every unit has its own dedicated laundry and is individually metered for electricity, water, and gas, meaning tenants handle their own utilities entirely with no landlord involvement required. All four units are also equipped with high-efficiency furnaces and newer hot water tanks, reducing near-term capital expenditure risk on a building where mechanical replacements multiply across units. The M-C1 zoning adds long-term upside with flexibility for future redevelopment, while the Glamorgan location offers convenient access to Mount Royal University, Westhills/Signal Hill retail, and major routes including Glenmore Trail and Sarcee Trail. A turnkey, low-hassle income property for investors seeking stable cash flow with minimal day-to-day management. (id:51989)
Features of 196 Gordon Drive Sw
- MLS® Number A2322917
- Price $1,250,000
- Square Footage: 2514 sqft
- Property Type: Multi-Family
- Community Name: Glamorgan
- Parking Space Total 4
- Plan 5770jk
Buildings
| Appliances | Refrigerator, Range - Electric, Dishwasher, Hood Fan | Constructed Date | 1968 |
| Cooling Type | None | Exterior Finish | Brick, Stucco |
| Foundation Type | Poured Concrete | Heating Type | Forced Air |
| Size Interior | 2514 Sqft | Total Finished Area | 2514.13 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Irregular | 694.00 |
| Size Total | 694 M2|7,251 - 10,889 Sqft | Size Total Text | 694 M2|7,251 - 10,889 Sqft |
| Zoning Description | M-c1 |
Agents and Offices
- Santhosh Nathan
- Anthony Therrien-Bernard
- Office: Exp Realty