For Sale: 11440 Elbow Drive SW, Calgary, AB - REW
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$1,150,000
0 bd • ba • 2473 sf • Fourplex
11440 Elbow Drive SW
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$1,150,000
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11440 Elbow Drive SWCalgary, AB, T2W 2E6

Southwood
  • 0 Bed
  • Bath
  • 2473 Sqft
  • Fourplex

About this home

LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors. Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. Tenants enjoy the convenience of separate utility responsibility, helping to minimize owner operating costs. The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls. Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants. Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Three units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy. All tenants are responsible for their own utilities, providing stable cash flow and simplified property management. A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location.
Listed by: Cathrine Watson, Comox Realty

Home facts and features

Price details
List Price
$1,150,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Fourplex
Lot Size
6534 ft²
Frontage
60.17 ft
Year Built
Built in 1973 (53 yrs old)
Style
Attached-Up/Down,Bungalow
Heating Type
Forced Air,Natural Gas
Basement Details
Full
Features
Back Lane, Ceiling Fan(s), Few Trees, Granite Counters, In Unit, Interior Lot, Laminate Counters, Level, Low Maintenance Landscape, No Smoking Home, Private Entrance, Rectangular Lot, Schools Nearby, Separate Entrance, Sidewalks, Street Lighting, Street Lights, Vinyl Windows, Wood Windows
Amenities
Shopping Nearby
Appliances
Dishwasher, Dryer, Gas Water Heater, Refrigerator, Stove, Washer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
Comox Realty
Listing details
Days on REW
1 Day
MLS® Number
A2326477
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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Property Insights

Dr. E. P. Scarlett High School
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St. Stephen School
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Ethel M. Johnson School
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Canyon Meadows School
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Harold Panabaker School
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St. Catherine Elementary School
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Foundations For The Future Charter Academy - Southwest Elementary Campus
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Robert Warren School
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Braeside School
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St. William School
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Associate
Cathrine Watson
Phone:
(403) 262-7653
Office:
403-456-3688
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