1215 & 1217 40 Avenue NW Calgary AB T2K 0G3 MLS #A2126346

It is located on a tranquil street in the NW community, Cambrian Heights. This property has two side-by-side duplexes with a separate basement entry on each side. It is situated on an RC-2 lot with 62 ft frontage. The property could potentially be transformed into a 4-plex with excellent cash flow. Unit #1215 features 2 bedrooms on the upper level and 2 bedrooms in the basement. Unit #1217 has 2 bedrooms on the upper level, 1 bedroom and 1 recreation room in the basement. Both units have a new kitchen and new flooring renovated in May 2022. The property also features a detached double garage with convenient back lane access and plenty of street parking spots. The south-facing backyard and main bedrooms offer plenty of natural, sunny light. Both units are currently rented out with a total rental income of $3600/month, and the leases will expire on June 1st, 2024. Good-standing leases are in place; cooperative tenants would like to stay. The property offers easy access to all levels of schools, SAIT, University, shopping plaza, public transit, and walking paths, making it the perfect place for rental property or to live on one side and rent another with a great mortgage helper. With endless possibilities, don’t miss out on this fantastic investment opportunity. Act quickly before it’s too late!