5407 8 Avenue Se, Calgary, Alberta T2A 4L7

Listed for:
$450,000
4 beds
2 baths
Listed 3 days ago
5407 8 Avenue Se, Calgary, Alberta T2A 4L7

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About

MUST BE SOLD ALONG WITH 5405 8AVE SE AS A PACKAGE ( MLS# A2357959) Solid Bi-Level on a manageable lot in the established community of Penbrooke Meadows. R-C2 zoning offers flexibility for a secondary suite or future updates, making this an excellent opportunity for first-time buyers, families, or investors looking for value in SE Calgary Four-suite side-by-side duplex with $72,000 in-place annual income and 5.94% cap rate.This fully tenanted side-by-side duplex delivers strong in-place cash flow and is positioned for an investor seeking immediate income. The property generates $6,000 per month ($72,000 annualized) in current contractual rent across four suites (8 bedrooms / 4 bathrooms total). After utilities, property taxes, insurance, and a 5% vacancy allowance, the Net Operating Income is $53,460, supporting a 5.94% capitalization rate. - Roof replaced Oct 2026 - Both units updated - Separate Laundry for each unit - (id:27476)

Property Highlights

MLS® Number
A2357983
Type
Multi-family
Community Name
Penbrooke Meadows
Ownership Type
Freehold
Land Size
337 m2|0-4,050 sqft
Parking Space Total
2

Building

Square Footage
791 sqft
Bathrooms Total
2
Bedrooms Above Ground
2
Bedrooms Total
4
Amenities
Park, Playground, Recreation Nearby, Schools, Shopping
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Separate entrance, Suite
Building Heating Type
Forced air
Heating Fuel
Building Cooling Type
None

Location

Learn more about this property
Listing provided by:
Synterra Realty
MLS® number:
A2357983
Agent:
Jasvinder Gill
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