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CAABCalgaryKingsland623 68 Ave Sw
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623 68 Ave Sw, Calgary, AB

House

Sold

$X
$990,000

844

MLS® A2269015

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1864 sqft
Garage Yes
Taxes $7,972
Lot Size 0.14 acres
Approx. Age 1960
Avg. Price Per Sqft $531
MLS® Number A2269015

Property Address: 623 68 Ave Sw, Calgary, AB, T2V0N1

Average square foot calculated using Size range provided by listing agent.

Description

All offer will be presented 9pm Sunday Dec 7. Build your generational wealth with an entry into multifamily ownership. For the price of a house or half-duplex, own an upgraded M-C1-zoned fourplex in highly sought-after Kingsland—turnkey and perfectly located. Steps from Chinook Centre, parks, and major transit routes, the property was rebuilt in 2019 from the concrete frame out. Each spacious 938-sq-ft, 2-bedroom unit features modern finishes, granite countertops, new appliances, energy-efficient windows, in-suite laundry, private entrances, separate meters, and storage. Lower units offer walkout access to the backyard, and tenants enjoy ample parking. Due to their high returns, 4plexes rarely come up for sale. Rental income for 2024 was $63, 220 after discounts for long-term tenants, with potential to optimize to $84, 000 ($1, 850 upper, $1, 650 lower) plus future increases. Because housing is essential, multifamily rentals provide one of the most recession-resistant income streams—offering stability that jobs and most businesses can't. Live in 1 unit and rent the other 3, or rent all 4 to maximize income. Rental income counts toward mortgage qualification, making it easier to secure financing. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. The current owner retired several years ago and is moving on to large projects—creating a rare opportunity to acquire a proven, low-maintenance, income-generating asset with no vacancy or insurance-claim history. City-assessed at $1, 290, 000. Call today to secure this exceptional investment property.Show Description
MLS® NumberA2269015
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageYes
Approx. Age1960
BasementNone
DrivewayAdditional Parking, Converted Garage
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

no

Rooms

Show Details
Other:Basement6.67 × 8.59 ft
Living Room:Main Floor13.25 × 13.34 ft
Other:Basement9.59 × 11.92 ft
Other:Basement12.25 × 8.5 ft
Kitchen:Basement11.17 × 6.34 ft
Other:Basement12.09 × 8.5 ft
Other:Main Floor9 × 13 ft
Other:Main Floor9.09 × 13 ft
Other:Basement12.17 × 24.17 ft

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623 68 Ave Sw, Calgary, AB

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