Property Details: 1407 RUSSELL Road, Calgary

Descriptions:

1407 RUSSELL RD. NE. Once in a lifetime opportunity! Adjacent property 1403 also available for sale (MLS C1020754 $759,900). Premiere ridge view parcel zoned M-C1 (is old RM4) in inner city community of Renfrew. Total of 2 lots is 140' x 111' (15,156 total sqft). 2 separate legal 4 plexes. 1403 corner parcel is 62' x 111' (6523 sqft). 1407 is 78' x 111' (8633 sqft) sides to alley. Great revenue property & hold for future dev. Completed high end townhomes and new upscale project also getting started across the street. Prime location overlooking Deerfoot Valley and across from large off leash park/green space and City pathway system. Minutes to downtown. 1407 with two -2 bdrm suites (approx. 840 sq. ft.) plus two-1 bdrm suites (approx. 700 sq. ft.). All suites in solid cond. Current rental income for 1407 is $3,575/month. Includes parking revenue from 4 car garage with 4 sep single bays. Total NET INCOME for 1403 & 1407 is $55,961 ($63,710 without 9% management fee). Great holding property.