$956,000
$990,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
623 68 AVE SW Calgary, AB T2V 0N1
8 Beds
4 Baths
1,864 SqFt
Key Details
Sold Price $956,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,864 sqft
Price per Sqft $512
Subdivision Kingsland
MLS® Listing ID A2269015
Sold Date 12/07/25
Style Bungalow
Bedrooms 8
Full Baths 4
Year Built 1960
Annual Tax Amount $7,972
Tax Year 2025
Lot Size 6,092 Sqft
Acres 0.14
Property Sub-Type Detached
Source Calgary
Property Description
All offer will be presented 9pm Sunday Dec 7. 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, and 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.
Location
State AB
County Calgary
Area Cal Zone S
Zoning M-C1
Direction N
Rooms
Basement None
Interior
Interior Features No Animal Home
Heating Forced Air, Natural Gas
Cooling None
Flooring Laminate
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry In Unit
Exterior
Parking Features Additional Parking, Converted Garage
Garage Spaces 2.0
Garage Description Additional Parking, Converted Garage
Fence Fenced
Community Features Shopping Nearby
Roof Type Asphalt Shingle
Porch None
Lot Frontage 49.97
Exposure N
Total Parking Spaces 4
Building
Lot Description Back Yard
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 101181156
Ownership Private
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