14 Rosetree Crescent Nw, Calgary, Alberta T2K 1M9

Listed for:
$1,399,999
0 beds
0 baths
Listed 12 days ago
Multi-Family for rent: 14 Rosetree Crescent Nw, Calgary, Alberta T2K 1M9

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About

Rare 4 unit Full Duplex on the largest lot in Rosemont (11,485 SF) delivering exceptional cash flow today and a premier redevelopment play tomorrow. You cannot beat $135,000 of annual gross revenue, creating $70,000 of net operating income. Plus a detached triple garage, sitting on one of the most coveted crescents in this premiere inner-city NW community.14 Rosetree is built for investors: two long-term tenancies (with excellent tenants who would like to stay) provide base income (in the main floor unit and the non-confoming basement suite of 14A Rosetree), while two fully furnished short-term rentals (14 Rosetree, unit #1 [main floor] and unit #2 [legalized basement suite]) create significant positive cash flow. 2025 net operating income of $70,725 on $135,108 gross revenue, a 5.05% cap rate, and a turnkey operating system in place. The current owner/managers are Airbnb Super Hosts & VRBO Premier Hosts and can provide the prospective buyer the blueprint to manage this property with automated systems. Over $130,000 in capital improvements completed since 2022, including a completely renovated and legalized basement suite. The real enduring value is the land. At 11,485 SF, this is basically two full city lots and one of the rare inner-city parcels that supports future redevelopment into two luxury homes, offering long-term optionality that few cash-flowing assets can match.Unbeatable location minutes from Confederation Park, SAIT, Foothills Hospital, University of Calgary and downtown, with the airport roughly 20 minutes via Deerfoot.Cash flow now. Redevelopment later. A truly rare inner-city hold. Please view video and 3D property tour to get a sense of all the units. (id:27476)

Property Highlights

MLS® Number
A2332942
Type
Multi-family
Community Name
Rosemont
Ownership Type
Freehold
Land Size
11485.09 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Parking Space Total
5

Building

Building Type
Multi-Family
Storeys
1.00
Square Footage
1957 sqft
Amenities
Golf Course, Park, Schools, Shopping
Exterior Finish
Brick, Metal, Stucco
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Location

Learn more about this property
Listing provided by:
Real Broker
MLS® number:
A2332942
Agent:
Michael Bussoli
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