138 days on Market

9751 Elbow Dr, Calgary, Alberta T2V 1M4

Detached
3
2
~1000.23 sqft
$950,000
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Detached
3
2
~1000.23 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$949/sqft

Est. Mortgage$4,080/mo

Tax Amount (2024)$3,641/yr

Days On Market138 days


Description

APPROVED DP FOR 10 UNITS IN PURCHASE PRICE | ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | PERFECT FOR PURPOSE BUILT RENTAL! | THE PERFECT PROJECT FOR CMHC- MLI SELECT FINANCING | ENJOY THE OPPORTUNITY OF AS LITTLE AS 5% DOWN + 50 YEAR AMORTIZATION = STRONG ROI!! Imagine the opportunity to build a highly sought-after, income-generating 5-plex + 5 legal basement suites in the desirable Haysboro community – a project that could deliver substantial returns while providing a fresh, modern housing option for Calgary’s rental market. This project envisions five carefully designed, upscale units, each with a fully legal, self-contained basement suite. With Calgary's rental demand on the rise, this multi-family layout offers a unique approach: dual-income streams per unit. Picture each primary suite featuring an open, inviting floor plan with three bedrooms, a high-end kitchen, and a welcoming living space, ideal for young professionals or families. Below each unit, a fully legal basement suite with a separate entrance and designated parking offers a private, one-bedroom retreat that appeals to tenants looking for affordability without sacrificing comfort. Building this 5-plex with five legal suites positions you to tap into a robust rental market in Haysboro, a community known for its proximity to transit, shopping, schools, and parks. This location enhances tenant appeal and supports long-term occupancy, which is essential for maximizing revenue. Beyond the income potential, constructing this type of property aligns with Calgary's increased demand for higher-density housing, especially in established neighborhoods. By developing this project, you'll not only be addressing a crucial housing need but also creating a valuable asset that promises both stability and growth in one of Calgary's strongest rental markets.


Property Details

StyleBungalow
View-
Age of property1958
SqFt~1000.23 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2183169
Community NameHaysboro
Data SourcePILLAR 9
Listing byReal Broker

Features

Heating: Standard,Forced Air
Cooling: Other
Basement: Finished,Full

Main Floor

Kitchen With Eating Area

16`6" x 11`6"

Living Room

18`6" x 12`6"

Bedroom - Primary

13`0" x 11`6"

Bedroom

10`0" x 8`6"


Features

Patio: Other

Parking

Garage spaces 1

Garage type -

Other parking spaces 1

Total parking spaces 2


Property History

Dec 13, 2024
ListedActive
$950,000
138 days on market
history photo preview6
Listing by pillar 9®
Property listed by Real Broker, Brokerage
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Market Data - Haysboro

Geo Zone Map ThumbnailHaysboro

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

13 days

Compared to

2024

12 days

2023

51 days

New Listings

Past 30 days

11 listings

Compared to

2024

8 listings

2023

6 listings

Units sold

Past 30 days

5 units

Compared to

2024

7 units

2023

5 units

Median Sold Price

Past 30 days

$793,500

Compared to

2024

$762,500

2023

$813,000


Population and Demographics

Overview

Total population 6160
Average household income $125,554

Age (%)

50 to 64
22%
35 to 49
21%
20 to 34
21%
65 and plus
19%
0 to 19
17%

Household composition (%)

Single family
53%
Single person
41%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
85%
Others
3%
Tagalog (Pilipino, Filipino)
3%
Mandarin
2%
Spanish
2%
French
2%
Korean
1%

House tenancy (%)

Owners
61%
Renters
39%

Schools and amenities

Estimated Budget