$ 589,000 – 445 20 Avenue Northwest

3 BR / 3 BA Single Family – Calgary

PRICE IMPROVEMENT investment gem - 3 SEPARATE (SELF-CONTAINED) UNITS - **$3100+/ month rental income** prior to March 2020. Over 2000 sq.ft. of developed space. LOT SIZE: 25x125 - with separate entrances & utilities (main + basement together, upper unit separate). Rent out, renovate or build new. Highly desirable inner city, downtown community of Mount Pleasant NW. MAIN FLOOR - 1 BR & 1 BA, traditional kitchen, dining room and living room configuration - move-in ready. Attractive income-generating option for UPPER UNIT after some renovations & updating - 1 BR & 1 BA, kitchen & living room - great AirBnB LOCATION, long term or short term rental. LOWER UNIT requires renovations with 1 BR & 1 BA, big window in bedroom, living space & kitchen. With some TLC & design creativity, this property has huge potential to be a great revenue generating investment, easily get your return on investment, offering incredible VALUE for an inner city downtown lot and home for $589,000. In today's market, it is RARE to find 3 SEPARATE units at this price. Don't miss your opportunity to get into the investment market.POSSIBILITIES ARE ENDLESS: This configuration opens up various possibilities, including renting out all three units for a steady rental income, living in one unit while renting out the others, or utilizing the additional units for extended family members.The MAIN unit is traditionally configured with a cozy living room, character fireplace, a well-appointed traditional kitchen & dining room, a primary bedroom, and a full 4-pc bathroom. A large outdoor back deck to enjoy the warm summer months as well as an enclosed front lock off flexible sunroom to enjoy all year round. 2nd upper unit includes a living room, separate kitchen, large bedroom, character fireplace and a full bathroom. This unit is ideal for accommodating tenants or family members with its independent access. 3rd basement unit offers more flexibility. Includes a functional kitchen, living space, bedroom and full bathroom. The basement lock-off utility area also includes a SHARED washer & dryer.The property features a spacious backyard, potential for an oversized garage or CARRIAGE HOUSE (additional REVENUE income) can be built. POTENTIAL RENT pre-covid: Main = $1500, Upper = $1000, Basement = $600 Water tank replaced Oct 2015. Roof replaced June 2014. Mount Pleasant is a thriving community known for its strong property values and HIGH DEMAND for rental units. As the area continues to develop, this property's value is likely to appreciate, ensuring a sound investment for the future. Do not miss out on this opportunity. (id:6769)