2820 Morley Trail, Calgary, Alberta T2M4G7
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$1,313,000*
Price/Sqft$641/sqft
Days On Market8 days
Est. Mortgage$5,798/mth
Tax Amount (2024)$7,264/yr
Description
This unique tri-plex property is a significant revenue generator and prime investment opportunity. With M-C1 zoning for mixed residential developments, it offers the potential for future redevelopment into an apartment complex. Newly renovated and professionally designed for short-term rentals, the property features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on the main level has its own ensuite, ensuring privacy and comfort for guests or tenants. The lower level adds flexibility and convenience with separate entrances, accommodating two legal suites, with bathrooms shared between every two bedrooms. Originally a 4-plex, it now includes four furnaces and four new water tanks for separate meters. The targeted rental income is $3,200 per month for the lower level, while the Airbnb income averages $8,000 per month for the main level. Ample parking includes a large pad suitable for RVs or boats, and additional storage is available with an outdoor shed. Located near a university and high school, this property is an attractive investment and poised for significant cash flow enhancement and future development potential.
Property Details
Interior
Features
Main Floor
Living Room
14`5" x 12`10"Bedroom - Primary
14`5" x 13`1"Bedroom
21`0" x 14`5"Bedroom
21`0" x 11`2"Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 5
Property History
![history photo preview](https://cdn.wahi.com/listings/images/pillar/IMG-A2153791_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/pillar/IMG-A2132092_1-256.webp)
![history photo preview](https://cdn.wahi.com/listings/images/pillar/IMG-A2127601_1-256.webp)
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