623 68 Avenue SW Calgary, AB T2V 0N1

$1,100,000
8
Beds
4
Baths
0.14
Acres
1,864
SQFT
590
$/SQFT
$1,100,000
8
Beds
4
Baths
1,864   sf
$590 / sf
Favorite

new 4 hrs ago
1/21
Street View

Open house 1 pm-3 pm Sunday Nov 09, 2025. 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, both lower units installed new vinyl floor after water damage in summer. 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.

Open house 1 pm-3 pm Sunday Nov 09, 2025. 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, both lower units installed new vinyl floor after water damage in summer. 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Calgary
  • Status
    Active
  • Listing #
    A2269015
  • Built
    1960
  • Lot Size
    0.14
  • Listed on site
    4 hours
  • Listing Brokerage
    Datong Property Management Ltd.

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: 2025-11-05 06:32:41
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Exterior features

  • Has garage
  • No Pool

Interior Features

  • No Basement

Style

  • Two Story
Favorite

Tour This Home

Wed
05Nov
Thu
06Nov
Fri
07Nov
Sat
08Nov
Sun
09Nov
Mon
10Nov
Tue
11Nov
Wed
12Nov
Thu
13Nov
Fri
14Nov
Sat
15Nov
Sun
16Nov
Mon
17Nov
Tue
18Nov
in Person
via Video Call