11440 Elbow Drive SW, Calgary, AB, T2W 2E6

MLS® # A2326477

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Investment For Sale In Southwood, Calgary, Alberta

$1,150,000

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11440 Elbow Drive SW, Calgary, AB, T2W 2E6

$1,150,000

Property Information:

**LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED**Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors.Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants.The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls.Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants.Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Three units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy, providing stable cash flow and simplified property management. All units are in good clean condition.A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location.

Inclusions: 4 Fridges, 4 Stoves, 4 Dishwashers, 4 Microwaves, 4 Washers, 4 Dryers,4 Furnaces, 4 Hot water Tanks

Building Features:

Total Finished Area: 2472.58

Property Features:

Architectural Style: Up/Down, Bungalow
Built in: 1973
Construction Materials: Brick, Concrete, Stucco
Cooling: None
Exterior Features: Private Entrance
Floor Space (approx): 2472.58 Square Feet
Flooring: Laminate, Tile
Foundation Details: Poured Concrete
Heating: Forced Air, Natural Gas
Interior Features: Ceiling Fan(s), Granite Counters, Laminate Counters, No Smoking Home, Separate Entrance
Levels: One
Lot Size: 6598.00 Square Feet
Parking Features: Additional Parking, Alley Access, Asphalt, Assigned, Guest, Off Street, Plug-In, Stall
Roof: Rolled/Hot Mop
Water Source: Public
Zoning: MR
No. of Parking Spaces: 6

Courtesy of: Comox Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Single family detached

6.91%

Price change (1 year)

54.23%

Price change (5 years)

All Properties

5.87%

Price change (1 year)

53.36%

Price change (5 years)

Location of 11440 Elbow Drive SW, Calgary, AB, T2W 2E6

Lifestyle
Neighbourhood

Demographic Information of 11440 Elbow Drive SW, Calgary, AB, T2W 2E6

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$112,454.30

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.2 %

High school certificate or equivalent

29.83 %

Apprenticeship trade certificate/diploma

7.65 %

College/non-university certificate

19.73 %

University certificate (below bachelor)

1.65 %

University Degree

25.94 %

Commuter

Travel To Work

By Car

71.64 %

By Public Transit

19.26 %

By Walking

4.04 %

By Bicycle

0.0 %

By Other Methods

5.06 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.65 %

Houses

75.35 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Single family detached

All Properties

Location of 11440 Elbow Drive SW, Calgary, AB, T2W 2E6

Demographic Information of 11440 Elbow Drive SW, Calgary, AB, T2W 2E6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

11440 Elbow Drive SW, Calgary, AB, T2W 2E6

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Please contact your agent directly about this listing

Please contact your agent directly about this listing