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$829,900 - 1407 Russell Rd Ne, Calgary
- 3
- Bedrooms
- 2
- Baths
- 1,640
- SQ. Feet
- 0.2
- Acres
1407 RUSSELL RD. NE. Once in a lifetime opportunity! Adjacent property 1403 also available for sale (MLS C3508557 $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.
Essential Information
- MLS® #:
- C3509242
- Price:
- $829,900
- Bedrooms:
- 3
- Bathrooms:
- 2.00
- Full Baths:
- 2
- Square Footage:
- 1,640
- Acres:
- 0.20
- Year Built:
- 1958
- Type:
- Single Family
- Status:
- Active
Community Information
- Address:
- 1407 Russell Rd Ne
- Area:
- Calgary
- Subdivision:
- Renfrew_Regal Terrace
- City:
- Calgary
- Province:
- AB
- Postal Code:
- T2E 5N2
Amenities
- Features:
- Patio
- Parking Spaces:
- 4
- Parking:
- Quad or More Detached
Interior
- Goods Included:
- Dryer-Two, Washers-Two, Refrigerator, Stove-Electric, Garage Opener-1 Control, Garage Opener, Storage Shed, See Remarks
- Heating:
- Forced Air-1, See Remarks
- Basement Development:
- Fully Finished
- Basement Type:
- Full
- Flooring:
- Hardwood, Carpet, Linoleum
Exterior
- Exterior:
- Stucco, Vinyl
- Exterior Features:
- Back Lane, Landscaped, Park/Reserve, Ravine View, Schools, View, Public Transportation, Subdividable Lot
- Roof:
- Asphalt Shingles
- Construction:
- Wood Frame
- Foundation:
- Concrete
- Front Exposure:
- E
- Frontage Metres:
- 23.800
Listing Details
- Listing Office:
- Re/max Real Estate (central)
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Listing information last updated on May 22nd, 2012 at 3:00am.