2820 Morley Trail NW Calgary, AB T2M4G7

$1,490,000
7
Beds
5
Baths
0.14
Acres
2,104
SQFT
708
$/SQFT
$1,490,000
7
Beds
5
Baths
2,104   sf
$708 / sf
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active
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Street View

This unique property stands out as a substantial revenue generator and a prime investment opportunity, with its M-C1 zoning designated for mixed residential developments and the potential for future redevelopment into an apartment complex. Having been renovated by a professional designer, it is optimized for short-term rentals. The property features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on this level includes its own ensuite, ensuring privacy and comfort for guests or tenants. The basement offers additional flexibility and convenience with separate entrances, accommodating four bedrooms, a kitchen, and two bathrooms. Originally a 4-plex and renovated into an up-and-down duplex, the property now includes distinctive attributes such as 7 bedrooms, 5 bathrooms, multiple utility installations, dual laundry facilities, a commercial air conditioner, and an automatic sliding glass door at the rear. Parking is ample, with a large pad suitable for RVs or boats, and extra storage is provided by an outdoor shed. With potential rental income ranging from approximately $8,000 to $10,000 a month, this property is not only an attractive investment but also poised for significant cash flow enhancement and future development potential.

This unique property stands out as a substantial revenue generator and a prime investment opportunity, with its M-C1 zoning designated for mixed residential developments and the potential for future redevelopment into an apartment complex. Having been renovated by a professional designer, it is optimized for short-term rentals. The property features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on this level includes its own ensuite, ensuring privacy and comfort for guests or tenants. The basement offers additional flexibility and convenience with separate entrances, accommodating four bedrooms, a kitchen, and two bathrooms. Originally a 4-plex and renovated into an up-and-down duplex, the property now includes distinctive attributes such as 7 bedrooms, 5 bathrooms, multiple utility installations, dual laundry facilities, a commercial air conditioner, and an automatic sliding glass door at the rear. Parking is ample, with a large pad suitable for RVs or boats, and extra storage is provided by an outdoor shed. With potential rental income ranging from approximately $8,000 to $10,000 a month, this property is not only an attractive investment but also poised for significant cash flow enhancement and future development potential.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Calgary
  • Status
    Active
  • Listing #
    A2127601
  • Built
    1957
  • Lot Size
    0.14
  • Listed on site
    14 days
  • Listing Brokerage
    Top Producer Realty and Property Management

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2024-05-10 12:43:11
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Property details

Community Features

  • Golf Community
  • No HOA

Exterior features

  • Deck
  • No Pool

Interior Features

  • Basement Finished
  • Basement Full

Style

  • One Story
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