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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
-
- County:
- ALBERTA
-
- Province:
- AB
-
- Postal Code:
- T2E 5N2
Amenities
-
- Features:
- Patio
-
- Parking Spaces:
- 4
-
- Parking:
- Quad or More Detached
-
- Is Waterfront:
-
- Has Pool:
Interior
-
- Interior Features:
- Dryer-Two, Washers-Two, Refrigerator, Stove-Electric, Garage Opener-1 Control, Garage Opener, Storage Shed, See Remarks
-
- Heating:
- Forced Air-1, See Remarks
-
- Fireplace:
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
Listing Details
- Listing Office:
- Re/max Real Estate (central)
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Listing information last updated on May 23rd, 2012 at 3:00am.