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$1,988,000
Est. payment /mo
5,525 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,525 sqft
Price per Sqft $359
Subdivision West Hillhurst
MLS Listing ID A2314809
Year Built 2022
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi Family
Property Description
INVESTMENT OPPORTUNITY – WEST HILLHURST
An exceptional opportunity to acquire a distinctive five-unit inner-city property situated on a 5,525 sq. ft. rectangular lot along Westmount Road NW,backing onto Kensington Road and conveniently positioned between 21 Street NW and 22 Street NW.
The property offers a unique combination of residential accommodation,underground parking and quality construction,with approximately 2,483 sq. ft. of living space in the principal three-storey residence,together with four additional self-contained apartment-style units at the rear of the property.
The principal residence extends over three levels and offers a flexible and distinctive floor plan. The second level features a large open area currently designed as a ballroom/dance floor,complete with a two-piece washroom,providing excellent potential for entertainment,studio,recreational or other flexible uses. The third level includes a spacious primary bedroom together with two additional den/flex rooms.
The four rear residential units consist of:
Two one-bedroom units of approximately 519 sq. ft. and 555 sq. ft.
Two two-bedroom units of approximately 693 sq. ft. and 695 sq. ft.
A significant feature of the property is the approximately 3,042 sq. ft. underground parkade,providing six parking stalls and storage lockers—a valuable amenity for an inner-city multifamily property.
Outdoor amenities include a shared deck area connecting the principal residence with the apartment component,together with a raised wooden deck serving the upper apartment units.
The property has been constructed and finished to a standard consistent with quality inner-city residential development. Notable features include a combination of in-floor heating and high-velocity forced-air systems,enhanced exterior wall construction designed to improve sound attenuation and thermal insulation,and rooftop solar panels with the ability to return generated electricity to the grid.
With its desirable inner-city location,diverse unit mix,underground parking and distinctive construction features,this property presents an attractive opportunity for an investor,owner-occupier or purchaser seeking a unique multifamily income-producing asset.
An exceptional opportunity to acquire a distinctive five-unit inner-city property situated on a 5,525 sq. ft. rectangular lot along Westmount Road NW,backing onto Kensington Road and conveniently positioned between 21 Street NW and 22 Street NW.
The property offers a unique combination of residential accommodation,underground parking and quality construction,with approximately 2,483 sq. ft. of living space in the principal three-storey residence,together with four additional self-contained apartment-style units at the rear of the property.
The principal residence extends over three levels and offers a flexible and distinctive floor plan. The second level features a large open area currently designed as a ballroom/dance floor,complete with a two-piece washroom,providing excellent potential for entertainment,studio,recreational or other flexible uses. The third level includes a spacious primary bedroom together with two additional den/flex rooms.
The four rear residential units consist of:
Two one-bedroom units of approximately 519 sq. ft. and 555 sq. ft.
Two two-bedroom units of approximately 693 sq. ft. and 695 sq. ft.
A significant feature of the property is the approximately 3,042 sq. ft. underground parkade,providing six parking stalls and storage lockers—a valuable amenity for an inner-city multifamily property.
Outdoor amenities include a shared deck area connecting the principal residence with the apartment component,together with a raised wooden deck serving the upper apartment units.
The property has been constructed and finished to a standard consistent with quality inner-city residential development. Notable features include a combination of in-floor heating and high-velocity forced-air systems,enhanced exterior wall construction designed to improve sound attenuation and thermal insulation,and rooftop solar panels with the ability to return generated electricity to the grid.
With its desirable inner-city location,diverse unit mix,underground parking and distinctive construction features,this property presents an attractive opportunity for an investor,owner-occupier or purchaser seeking a unique multifamily income-producing asset.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-C1
Direction NW
Interior
Inclusions The main building consists of the following: 1 A/C unit, 1 Gas stove/Electric, 1 Dishwasher, 1 x Fridge/freezer, W/D, Microwave, and all window coverings. The other 4 units consist of the following: 4 x dishwashers, 4 x electric stoves, 4 x microwaves, 4 x refrigerators, 4 x washers and dryers
Fireplace No
Exterior
Total Parking Spaces 6
Garage No
Building
Dwelling Type Five Plus
Others
Restrictions None Known
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