1411 1 Avenue Northwest

JUST REDUCED $75K !!! Discover investment potential and classic charm with this multi-unit home situated at 1411 1 Ave NW, Calgary. Ideal for investors, this property features three distinct living spaces, currently hosting tenants, providing a steady rental income. Nestled on a 29’x125’ lot with multi-residential zoning (M-CG d72), this home overlooks a serene park and is mere steps away from the vibrant heart of the city. This unique residence welcomes you with a quaint front porch and a sun-drenched sunroom, perfect for relaxing. The main entrance leads to a shared common area that branches into a main floor living space and an upper illegal suite. The main floor is adorned with hardwood floors, high ceilings, and includes a large living room, good -sized entertaining dining area, kitchen, a 4pc bath, and one large bright bedroom. Experience the charm of old-world architecture blended with modern comforts. The upper illegal suite offers stunning downtown views, a kitchen, a spacious family room, two bedrooms, and a full bathroom, maximizing both comfort and style. Additionally, a recently renovated one-bedroom basement illegal suite, accessible via a side entrance, adds further value and flexibility to this property .Home features newer high energy furnance and shingles were repalced during Covid .Convenience is key with lane access and a parking pad included. Long term tenants would like to stay with the new owners. Current rental income $984 (main floor) but will increase Aug.01 2024 to $1082, Upper floor unit current rent is $1056 and will increase Aug 01 2024 to $1232 (upstairs), $1100 (basement) new tenant arrives June 01 2024, $300 (parking pad) is rented separately per month. Located on one of Calgary's most desirable streets, you are just a short walk from shops, restaurants, the Sunnyside LRT Station, Bow River pathways, and downtown attractions ,shopping ,pubs, restaurants, shops, and all other amenities are all walking distance. This property promises a blend of lifestyle and investment opportunity not to be missed!! Note ..you can rent the fire pit in the small park across the street for a gathering/sing-along or fun night from the Hilhurst Community Centre!! SPECIAL!! Location