House For Sale In Kingsland, Calgary, Alberta

$990,000 QuickQuote^TM: $855K - $1.0M

4+4 Beds

4 Baths

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623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Kitchen

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Kitchen With Upgraded Kitchen

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Other Room

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Bathroom

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Laundry Room

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Bedroom

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Dining Room

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Living Room

623 68 Avenue Sw, Calgary, AB - Indoor Photo Showing Office

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623 68 Avenue SW, Calgary, AB, T2V 0N1

$990,000

8 Beds

4 Baths

Property Information:

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.

Inclusions: no

Building Features:

Total Finished Area: 1864.20

Property Features:

Bedrooms: 4+4
Bathrooms: 4+0
Architectural Style: Bungalow
Built in: 1960
Construction Materials: Wood Frame
Cooling: None
Exterior Features: Storage
Floor Space (approx): 1864.20 Square Feet
Flooring: Laminate
Foundation Details: Poured Concrete
Heating: Forced Air, Natural Gas
Interior Features: No Animal Home
Levels: One
Lot Size: 6092.00 Square Feet
Parking Features: Additional Parking, Converted Garage
Roof: Asphalt Shingle
Zoning: M-C1
No. of Parking Spaces: 4

Courtesy of: Datong Property Management Ltd.

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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QuickQuote^TM

Approximate value for 8 bed, 4 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$990,000

List Price

$855,103

$1,040,995

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Market Price Trends

Location of 623 68 Avenue SW, Calgary, AB, T2V 0N1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

41/100

Moderate

ClimateCheck®

Current data

This property, 623 68 Avenue SW, experiences 7 hot days per year at around 29.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 33.4 degrees Celsius.

Projected Avg. Temperature

Past

29.3℃

2050

33.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

22/100

Moderate-Low

ClimateCheck®

Current data

This property, 623 68 Avenue SW, experiences 10 significant 2-day storms per year, with about 198.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 212.5mm of precipitation per year.

Precipitation Per Storm

Past

198.8mm

2050

212.5mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 623 68 Avenue SW, Calgary, AB, T2V 0N1

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$83,668.55

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.87 %

High school certificate or equivalent

30.75 %

Apprenticeship trade certificate/diploma

7.01 %

College/non-university certificate

19.45 %

University certificate (below bachelor)

1.14 %

University Degree

26.78 %

Commuter

Travel To Work

By Car

75.82 %

By Public Transit

13.03 %

By Walking

8.1 %

By Bicycle

0.0 %

By Other Methods

3.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.63 %

Houses

47.37 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 623 68 Avenue SW, Calgary, AB, T2V 0N1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 623 68 Avenue SW, Calgary, AB, T2V 0N1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

623 68 Avenue SW, Calgary, AB, T2V 0N1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing