For Sale: 126 Cumberland Drive NW, Calgary, AB - REW
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$1,050,000
0 bd • ba • 1868 sf • Fourplex
126 Cumberland Drive NW
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$1,050,000
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126 Cumberland Drive NWCalgary, AB, T2K 1T1

Cambrian Heights
  • 0 Bed
  • Bath
  • 1868 Sqft
  • Fourplex

About this home

A rare opportunity to own a tenanted 4-plex in one of Calgary's most established inner-city communities. Tucked on a quiet street in Cambrian Heights, this property backs onto the kind of location investors watch for and rarely see come available: a short walk to Confederation Park's pathways, golf course, and cross-country ski trails, with quick access to SAIT, the University of Calgary, North Hill shopping centre, and downtown via 14th Street or 10th Street NW. Cambrian Heights is a well-established family-friendly neighbourhood, with schools, parks (Cambrian Heights Park, Cambrian Heights Lookout, Cambrian Heights Off-Leash Dog Park) and public transit right off Northmount Drive. The building holds four self-contained units: 3 occupied two-bedroom, one-bathroom suites with great, long-term tenants (on month-to-month leases) who've expressed interest in staying + 1 vacant one-bedroom, one-bathroom unit (newly renovated) ready for a new tenant or an owner-occupier who wants to live in one unit while the other three help cover the mortgage. Laundry is shared and four parking stalls are set at the rear of the building. Two of the four units have already been renovated, giving a new owner immediate rental appeal in half the building while leaving room to add value by updating the remaining two on your own timeline. Key capital items have been well maintained. Each unit has their own hot water tanks and high-efficiency furnaces replaced within the last three to five years. The stucco exterior was redone in 2013 and the roof was last replaced roughly 15 years ago. The building sits on a concrete foundation with wood-frame construction. Lot size is 55x100 with M-C1 zoning. Whether you're an investor looking to add a stabilized, cash-flowing asset to your portfolio, renovate and add value, or a buyer looking to live in one unit while tenants cover the rest, this property offers a strong combination of location, condition, and upside. Properties like this with good bones, good tenants, and a genuinely quiet inner-city address, tend to become the kind of asset families hold onto and pass down. Book your showing TODAY (tenants require 24-hour notice for showings).
Listed by: Danny Wai, RE/MAX Real Estate (Mountain View)

Home facts and features

Price details
List Price
$1,050,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Fourplex
Lot Size
5663 ft²
Year Built
Built in 1958 (68 yrs old)
Style
2 Storey Split
Heating Type
Forced Air,Natural Gas
Features
Lower Level, Park, Rectangular Lot, Schools Nearby, Vinyl Windows, Walking/bike Paths
Amenities
Playground, Shopping Nearby
Appliances
Dishwasher, Refrigerator, Stove, Washer/Dryer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
RE/MAX Real Estate (Mountain View)
Secondary Agent
Secondary Broker
RE/MAX Real Estate (Mountain View)
Listing details
Days on REW
1 Day
MLS® Number
A2342421
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Cambrian Heights School
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  • In Catchment
Asasa Academy
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  • In Catchment
St. Margaret School
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Rosemont School
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St. Francis High School
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  • In Catchment
Collingwood School
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Colonel Irvine School
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Highwood School
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  • In Catchment
Northwest Elementary Campus
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James Fowler High School
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Danny Wai
Phone:
403-247-5171
Office:
403-247-5171
Jason Wai
Phone:
403-247-5171
Office:
403-247-5171
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