9 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 Market9 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 listed by Real Broker, Brokerage
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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