14 Rosetree Crescent NW, Calgary, AB T2K1M9
14 Rosetree Crescent NW, Calgary, AB T2K1M9
14 Rosetree Crescent NW, Calgary, AB T2K1M9
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Prab Bhangal

Prab Bhangal

+1(403) 466-0888
$1,399,999
Est. payment /mo
1,957 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1957

Square Footage 1,957 sqft

Price per Sqft $715

Subdivision Rosemont

MLS® Listing ID A2332942

Style Bungalow

Year Built 1959

Lot Size 0.264 Acres

Acres 11485.09

Property Sub-Type Freehold

Property Description

Rare 4plex on the largest lot in Rosemont (11,485 SF) delivering exceptional cash flow today and a premier redevelopment play tomorrow. You cannot beat $135,000 of annual gross revenue, creating $70,000 of net operating income. Plus a detached triple garage, sitting on one of the most coveted crescents in this premiere inner-city NW community.14 Rosetree is built for investors: two long-term tenancies (with excellent tenants who would like to stay) provide base income (in the upper and lower units of 14A Rosetree), while two fully furnished short-term rentals (14 Rosetree, Units 1 and 2) create significant positive cash flow. 2025 net operating income of $70,725 on $135,108 gross revenue, a 5.05% cap rate, and a turnkey operating system in place. The current owner/managers have for a long time held Airbnb Super Host & VRBO Premier Host status and can provide the prospective buyer the blueprint to manage this property with automated systems. Over $130,000 in capital improvements completed since 2022, including a completely renovated and legalized basement suite. The real enduring value is the land. At 11,485 SF, this is nearly two full city lots and one of the rare inner-city parcels that supports future redevelopment into two luxury homes, offering long-term optionality that few cash-flowing assets can match.Unbeatable location minutes from Confederation Park, SAIT, Foothills Hospital, University of Calgary and downtown, with the airport roughly 20 minutes via Deerfoot.Cash flow now. Redevelopment later. A truly rare inner-city hold. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Flooring Ceramic Tile, Hardwood, Vinyl Plank

Exterior

Parking Features Yes

Garage Spaces 3.0

Garage Description 3

Fence Partially fenced

Community Features Golf Course Development

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage Yes

Private Pool No

Building

Lot Description Landscaped

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Prab Bhangal

Prab Bhangal

Real Estate Strategist

+1(403) 466-0888

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14 Rosetree Crescent NW