9751 Elbow Drive Sw, Calgary, Alberta

$995,000

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3

Beds

2

Baths

1,000

Square feet

0.14

Acres

About 9751 Elbow Drive Sw

ATTENTION BUILDERS & INVESTORS WITH THE DESIRE FOR THE IDEAL INVESTMENT OPPORTUNITY! | APPROVED DP FOR 10 UNITS INCLUDED IN PURCHASE PRICE. 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.

Features of 9751 Elbow Drive Sw

MLS® # A2178062
Price $995,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,000
Acres 0.14
Year Built 1958
Type Residential
Sub-Type Detached
Style Bungalow
Status Active

Community Information

Address 9751 Elbow Drive Sw
Subdivision Haysboro
City Calgary
County Calgary
Province Alberta
Postal Code T2V 1M4

Amenities

Parking Spaces 2
Parking Single Garage Detached
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Interior Features Quartz Counters
Appliances Dishwasher, Electric Stove, Microwave, Refrigerator
Heating Forced Air, Standard
Cooling Other
Fireplace Yes
# of Fireplaces 1
Fireplaces Electric
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Features Lighting, Playground
Lot Description Back Yard, Landscaped, Rectangular Lot, Treed
Roof Asphalt Shingle
Construction Stucco, Vinyl Siding, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed November 8th, 2024
Days on Market 4
Zoning H-GO
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX House of Real Estate

Listing Map