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Description

This brand-new luxury 8 plex in the sought-after community of Banff Trail presents an unparalleled opportunity for investors looking to leverage CMHC’s MLI Select program. With four legal basement suites, this property is designed for maximum rental income, energy efficiency, and long-term financial stability, making it an ideal asset in Calgary’s thriving multi-family market. What sets this property apart is its ability to qualify for MLI Select incentives, allowing investors to take advantage of higher loan-to-value ratios, reduced debt servicing costs, and improved financing terms. The combination of multiple rental units, a prime location, and modern energy-efficient design makes this an exceptional opportunity to maximize both cash flow and long-term equity growth. Each of the four units has been meticulously crafted with contemporary finishes and a highly functional layout. The main floor features an open-concept design, with a stylish gourmet kitchen, spacious living and dining areas, and elegant high-end finishes throughout. A convenient two-piece powder room completes the space, ensuring practicality for tenants. On the second floor, two generously sized bedrooms, two full bathrooms, a family room, and an in-suite laundry area provide both comfort and convenience. The third level offers a private retreat, complete with an additional bedroom, a full bathroom, and a versatile den that can function as a home office or guest space. What truly enhances the investment potential of this fourplex is the inclusion of four fully self-contained legal basement suites, each with a separate entrance, a complete kitchen, in-suite laundry, and a well-appointed one-bedroom layout. These suites serve as an ideal mortgage helper or an additional source of passive income, allowing investors to significantly increase their return on investment while maintaining strong tenant demand. Located in the heart of Banff Trail, this property is perfectly positioned for high rental occup ancy. Its close proximity to the University of Calgary ensures a steady stream of students and faculty seeking quality housing. The nearby Foothills and Alberta Children’s Hospitals make it an excellent choice for healthcare professionals in need of convenient accommodations. With LRT stations and major roadways just minutes away, commuting to downtown Calgary is effortless, adding to the property’s desirability. The surrounding area also boasts parks, pathways, and the Bow River, offering an attractive lifestyle for tenants who value both urban convenience and outdoor recreation. This fourplex represents an exceptional investment opportunity under MLI Select, combining high rental yields, strong appreciation potential, and strategic financing advantages. Whether you are an experienced investor looking to expand your portfolio or a homeowner seeking a property with substantial rental income, this is a rare chance to secure a premium asset in one of Calgary’s most promising inner-city communities. (id:13843)

Details

Features

MLS Number: A2192624

Listing Provided By: Justin Warthe – (403) 620-8746

Real Broker – (855) 623-6900