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8 Days on Market

2820 Morley Trail, Calgary, Alberta T2M4G7

$1,350,000
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Detached
3 + 4
5
~2104.34 sqft

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Highlights

Estimated Value$1,313,000*

Price/Sqft$641/sqft

Days On Market8 days

Est. Mortgage$5,798/mth

Tax Amount (2024)$7,264/yr

*Last updated on: 24/08/09

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

StyleBi-Level,Up/Down
View-
Age of property1957
SqFt~2104.34 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2153791
Community NameBanff Trail
Data SourcePILLAR 9

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished,Full

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"


Features

Patio: Deck

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Now
ListedFor Salefor$1,350,000Active
8 days on market
Listing by pillar®
history photo preview45
ListedFor Salefor$1,490,000Terminated
Stayed — days on market
Listing by pillar®
history photo preview39
ListedFor Salefor$1,490,000Terminated
Stayed — days on market
Listing by pillar®
history photo preview42
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