2820 Morley Trail NW, Calgary, Alberta

$1,350,000

7

Beds

5

Baths

2,104

Square feet

0.14

Acres

About 2820 Morley Trail NW

This unique tri-plex property is a significant revenue generator and prime investment opportunity. With M-C1 zoning for mixed residential developments, it offers the potential for future redevelopment into an apartment complex. The newly renovated features a spacious open kitchen with a large island on the main floor, ideal for hosting. Each of the three large bedrooms on the main level has its own ensuite, ensuring privacy and comfort for guests or tenants. The lower level adds flexibility and convenience with separate entrances, accommodating two legal suites, with bathrooms shared between every two bedrooms. Originally a 4-plex, it now includes four furnaces and four new water tanks for separate meters. The targeted rental income is $3,200 per month for the lower level, while the Airbnb income averages $8,000 per month for the main level. Ample parking includes a large pad suitable for RVs or boats, and additional storage is available with an outdoor shed. Located near a university and high school, this property is an attractive investment and poised for significant cash flow enhancement and future development potential.

MLS® # A2153791
Price $1,350,000
Bedrooms 7
Bathrooms 5.00
Full Baths 5
Square Footage 2,104
Lot Size 6,006
Year Built 1957
Type Residential
Sub-Type Detached
Style Bi-Level, Up/Down
Status Active
Condo Name Z-name Not Listed

Community Information

Address 2820 Morley Trail NW
Subdivision Banff Trail
City Calgary
Zone Zone CC
Province Alberta
Postal Code T2M4G7

Amenities

Parking Spaces 5
Parking Parking Pad, RV Access/Parking

Interior

Interior Features Kitchen Island, No Animal Home, No Smoking Home
Appliances Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
Heating Forced Air
Cooling Central Air
Fireplace Yes
# of Fireplaces 1
Fireplaces Wood Burning
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Features Other
Lot Description Low Maintenance Landscape, Landscaped, Level, Rectangular Lot, See Remarks
Roof Rolled/Hot Mop
Construction Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed August 1st, 2024
Days on Market 69
Zoning M-C1

Listing Details

OfficeTop Producer Realty and Property Management

Listing Map

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