7403 36 Avenue NW
$775,000
Generate Income with this Amazing Suited 4-Plex in Bowness!
PLEASE READ: The owners are non-Canadians for tax purposes. Therefore we are requesting a minimum of 9 months for the Possession date. Once an offer is accepted the Seller’s Lawyer and Accountant will apply to Revenue Canada for a Tax clearance certificate which could take up to 9 months. The sellers would request a Sellers condition Stating that “This sale is Subject to the sellers receiving an acceptable final tax clearance certificate Granted by CRA”.
The snag here is that for Non-residents CRA requests a hold back of up to 50% of the Sale price to pay potential taxes on closing. The Sellers do not have adequate equity in Canada, so we will need to get the clearance Certificate in advance so the hold back will be minimal, this way the transaction can close normally.
Amazing Location on a large Corner Lot in Bowness R-C2, 50’ x 122’ in the desirable NW community of Bowness.
This investment property has 4 Separate units, 2 Upper units and 2 Lower units the property was original built and constructed this way as is evidenced by the 2 separate furnaces on each side one for the upper and one for the lower units
One large water tank for each side
One 100 amp breaker box and one Electric meter for each side
One Gas meter for each Side
Both upper and lower units each have their own private laundry sets
The upper units each have 3 Bedrooms and the lower units each have 2 Bedrooms
|
Unit 1 (Main Floor) 7401 A |
Unit 2 (Upper Floor) 7403A |
Unit 3 (Basement) 7401 B |
Unit 4 (Basement) 7403 B |
TOTAL (Per Month) |
TOTAL (Per Year) | |
| Rent | $1,400 | $1,250 | $1,025 | $1,195 | $4,870 | $58,440 |
| Expiry Date | Mar 31 2023 | Month to Month | Feb 28 2023 | July 31 2023 | ||
| Expenses: | ||||||
| Insurance | (4,320) | |||||
| Utilities | Have Tenants | Pay Utilities | ($9,446) | |||
| Internet | ||||||
| Property Tax | ($5,754) | |||||
| Property Manager | Self Manage | to delete this | number | ($4,814) | ||
| R&R | Typical | ($2,000) | ||||
| NOI | See Proforma | for exact | details |
Professional lease and walk-through inspection Reports are available.
Currently the property is being managed by Real Property management and they are more than will to continue the Property Management
Landscaping, Snow and Grass Maintenance, is completed by:
Laundry Facilities:
The Building has 4 sets of Washer and Dryers one set on each unit
Items included for Purchase Contract
4 Fridges, 4 Stoves, 4 Washers, 4 Dryers
Click on any image Below to see full sized pictures
